Mr. Fraser Atkinson reports

GREENPOWER ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to the news release of Aug. 20, 2025, the TSX Venture Exchange has approved the consolidation of Greenpower Motor Company Inc.'s issued and outstanding common shares on the basis of one new share for every 10 currently outstanding shares. The consolidation will become effective at the opening of the market on Aug. 28, 2025. The company's symbol shall remain as GPV on the TSX Venture Exchange and GP on Nasdaq Stock Exchange.

Currently, a total of 30,462,084 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of 3,046,229 shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized shares. No fractional postconsolidated shares will be issued as a result of the consolidation. Shareholders who would otherwise be entitled to receive a fraction of a postconsolidated share will be rounded up to the nearest whole number of postconsolidated shares, and no cash consideration will be paid in respect of fractional shares.

The exercise price and number of shares of the company, issuable upon the exercise of outstanding options and warrants and conversion of outstanding convertible debentures, will be proportionally adjusted upon the implementation of the proposed consolidation in accordance with the terms thereof.

Computershare Investor Services Inc. will mail letters of transmittal to the shareholders providing instructions on exchanging preconsolidation share certificates for postconsolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

About Greenpower Motor Company Inc.

Greenpower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium- and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis. Greenpower employs a clean sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This original equipment manufacturer platform allows Greenpower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. Greenpower was founded in Vancouver, Canada, with primary operational facilities in Southern California. Listed on the Toronto exchange since November, 2015, Greenpower completed its U.S. initial public offering and Nasdaq listing in August, 2020.