Green Earth Group NV — Remuneration Information 2023

Mar 27, 2023

Press release

DGB share options rights to former advisor lapse due to termination of agreement

24 March 2023 | 18:00h CET

Dutch Green Business Group N.V. ("DGB", "the Group" or ¨the Company¨) (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, terminates the share option rights in DGB for a former advisor to the Group.

On 15 September 2021, the Annual General Meeting of shareholders approved the DGB Share Option Scheme 2021 (¨Option Scheme¨) and the grant of share options to Mr Farage. As part of his remuneration, the former member of the advisory board received one million call options with a strike price of €1,40, which could be exercised into ordinary DGB shares the moment the share price would hit €20.

In October 2021, the position of the advisor was suspended. Mr Farage has since not played an active role in the Company, nor is there any current relationship. Since the agreement has been terminated, the share options rights have lapsed.

Contact details:

DGB GROUP NV press@green.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.green.earth

Disclaimer:

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.