Green Earth Group NV — Earnings Release 2022

Aug 22, 2022

Press release

DGB signs USD 243,750 offtake agreement

22 August 2022 | 07:00h CET

Dutch Green Business Group N.V. ("DGB" or "the Group") (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, is pleased to announce the signing of an offtake agreement for 25,000 verified emission reductions ("VERs") at a total contract value of USD 243,750.00.

As announced on 7 June 2021, DGB provided carbon finance for the Reducing Emissions from Deforestation and forest Degradation project in the Corazón Verde del Chaco, Paraguay (the "Project"). Carbon offsetting secures the project's long-term viability, and DGB is expected to receive 28,572 tonnes of VERs.

VERs are also known as voluntary emission reductions, carbon offsets or carbon credits. VERs are essentially a reduction in greenhouse gas emissions from a project that is independently audited (i.e., verified) against a third-party certification standard. Each VER represents one metric tonne of carbon dioxide equivalent emissions.

CONCEPT DGB signed an offtake agreement for 25,000 tonnes of VERs with a total contract value of USD 243,750.00 with a globally recognised environmental products brokerage firm. For the remaining 3,572 tonnes, the Group already signed offtake agreements at an average contract price of EUR 17.00 per tonne. DGB expects to complete the Project verification process in the following weeks and to deliver all contracted VERs before 30 September 2022, generating over EUR 300,000 in revenue for the Group in Q3 2022. Advance payments of EUR 170,000 have already been received by DGB.

DGB currently manages the development of five projects with a total expected carbon credit pipeline of over 16.9 million tons of carbon credits, making DGB the most prominent project developer of carbon credits in The Netherlands.

Contact details:

DGB GROUP NV press@dgb.earth +31108080126

About DGB:

DGB is a project developer of high-quality, large-scale carbon and biodiversity projects accredited by third parties. The Group is focused on nature conservation and helping biodiversity flourish by assisting governments and corporations in achieving net-zero. Global megatrends drive the demand for carbon credits and underpin the growth opportunities. DGB GROUP NV is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515.. www.dgb.earth

Disclaimer:

CONCEPT This press release does not contain (an invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB's management. Although DGB believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.