Greenpower Motor Company Inc.'s short form base shelf prospectus dated Oct. 1, 2021, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the Securities Act (British Columbia), and the Ontario Securities Commission, pursuant to the provisions of the Securities Act (Ontario), on Oct. 1, 2021. The prospectus was also filed under Multilateral Instrument 11-102, Passport System, in Alberta. A receipt for the prospectus is deemed to be issued by the regulators in each of those jurisdictions if the conditions of the instrument have been satisfied.

Further to an at-the-market (ATM) offering of shares made pursuant to a prospectus supplement dated Sept. 16, 2022, to the company's short form base shelf prospectus dated Oct. 1, 2021, the exchange has accepted for filing documentation with respect to the sales set out below under the ATM distribution. The company raised aggregate gross proceeds of $520,892 (U.S.) pursuant to the ATM distribution from April 1, 2023, to June 30, 2023, as set out below.

The exchange has been advised by the company that sales under the ATM distribution during the quarter ended June 30, 2023, occurred for gross proceeds of $520,892 (U.S.).

Agents:  Roth Capital Partners LLC

Offering:  188,819 shares in aggregate during the quarter ended June 30, 2023

Share price:  varying prices during the quarter ended June 30, 2023, with an average sale price of $2.7587 (U.S.) per share

Agents' warrants:  none

Overallotment option:  none

Agents' commissions:  2.75 per cent of the gross proceeds of the offering, being a cash payment of $14,325 (U.S.) in aggregate for the quarter ended June 30, 2023

For further information, please refer to the company's short form base shelf prospectus dated Oct. 1, 2021, the prospectus supplement dated Sept. 16, 2022, and the news release dated April 10, 2023, which are available under the company's SEDAR profile.