GreenPower Announces Grant of Stock Options

GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (the “Company”) announces that the Company has granted an aggregate of 350,000 incentive stock options to the Directors and Officers of the Company, 278,000 stock options to employees of the Company and 65,000 stock options to consultants. The stock options are subject to the approval of the TSX Venture Exchange and are exercisable for a period of five years at a price of CDN $16.45 per share. For the Directors and Officers of the Company and the consultants the stock options vest as to 25% four months after the grant date, 25% six months after the grant date, 25% nine months after the grant date and 25% one year after the grant date and for the employees the stock options vest as to 25% four months after the grant date, 25% one year after the grant date, 25% two years after the grant date and 25% three years after the grant date.