Nasdaq Nordic: Nasdaq Stockholm Welcomes Ellwee to the Nasdaq First North Growth Market

Stockholm, January 19, 2020 - Nasdaq (Nasdaq: NDAQ) announces that trading in
Ellwee AB's shares (short name ELLWEE) commences today on Nasdaq First North
Growth Market. The company belongs to the Consumer Discretionary sector. Ellwee
is the 1st company to be admitted to trading on Nasdaq's Nordic markets* in
2021. 

Ellwee is a green, multi-purpose vehicle that has challenged traditional
transportation and thinking. The electrical vehicle was initially made for
adventure but has become a proven leader in the electric 4-wheeler class. The
primary sales target audiences are currently golf courses and gated
communities. The company is founded in Sweden and headquartered in Trollhättan. 

"I would like to thank all new shareholders for having confidence in us and
empathize that the company is facing an exciting time ahead," said Håkan
Kjellqvist, CEO of Ellwee. "The company has launched and received advance
orders for a new edition, model EASY, during the offering period, demonstrating
that our development goes according to plan. The company experiences a great
interest in the new model. This in combination with an existing order pipeline
enables us to, in a well-prepared way, enter the public market and continue to
deliver high quality and sustainable vehicles." 

"We are happy to welcome Ellwee as the first company to list with Nasdaq in
2021," said Adam Kostyál, Head of European Listings at Nasdaq. "The Nordic
region has fostered several high profile design and technology companies, which
Ellwee is a great example of. They demonstrate how to successfully integrate
environmental thinking in their business model. We congratulate Ellwee on its
listing and look forward to supporting the company on their continued growth
journey." 

Ellwee has appointed Eminova Fondkommission as Certified Adviser.

*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki,
Nasdaq Iceland and Nasdaq Stockholm 

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