Donkey Republic Report: key performance indicators for Q2 2021Company Announcement No. 5 – 2021

Donkey Republic

COMMENT ON KEY PERFORMANCE INDICATORSQ2 2021Period: 01 Apr 2021 - 30 Jun 2021

Copenhagen, 02 July 2021

GROWING OUR BUSINESS AT A STEADY PACE IN LINE WITH EXPECTATIONS

• Total 56.4k users, up 47% from 2020 + Total 694.5k trips, up 43% from 2020. Increase from last year is primarily driven by Local1 users. Visitors2 have also picked up, relative to last year’s low user activity due to covid-19 related lockdowns. Tourism is still affected by covid-19, limiting growth in the Visitor segment.

• Fleet size 13.2k, Up 2% from 2020. Main driver behind the fleet development is SaaS (Software-as-a-Service) business, where we managed to expand its network and the fleet under the operation of partners increased by 18%. On the MaaS (Mobility-as-a-Service) side of things the fleet remained stable, since the lower bike utilization due to covid-19 has not made it necessary to further expand, especially after some larger investments in Donkey Republic’s own fleet in 2019.”

• 87.9k Tons in CO2 savings, up 44% from 2020

1 “Locals” are riders local to the country in which they rent a Donkey Republic bike with the group being comprised of occasional riders and commuters.2 “Visitors” are individuals not local to the country in which they are renting a Donkey Republic bike, i.e. tourists and business travellers3 Users with a minimum of one rental4 Trips are defined from when bike is unlocked to locked again

2Donkey Republic

Total

Metric

Users3

Trips4

Fleet size (active bikes)

56.4k

694.5k

13.2k

⬆ 47%

⬆ 43%

⬆ 0.2%

Total for Q2 2021 Year on year growth compared to Q2 2020

KEY PERFORMANCE INDICATORS Q2 2021 (01 Apr 2021 - 30 Jun 2021)

MAKING CITIES MORE LIVEABLEThe 694,2K trips taken with an average of 3km per trip on Donkey Republic bikes in Q2 2021 corresponds to total positive impacts of:

Note the calculations are based on data from the following sources:

DTU / COWI: Transport økonomiske enhedspriser for cyklingDTU / COWI: Transport økonomiske enhedspriser for cykling Min of Transport of Denmark: Evaluation of small motorized vehiclesEurostat: Handbook on the external costs of transportOECD: Assessing the Environmental Performance of New Mobility

See more about sources, and calculations on this GoogleSheet Donkey expects to publish the financial half-year report on 17 August 2021.

EUR 90Kin congestion savings

87.5 Tonsin CO2 savings

EUR 1.8M in health benefits

3Donkey Republic

4Donkey Republic

CONTACT INFORMATIONDonkeyRepublic Holding A/Swww.donkey.bike Christians IX’s Gade 7DK-1111 Copenhagen K Erdem Ovacik, CEO+45 26 37 29 96investor@donkeyrepublic.com www.invest.donkey.bike Katrine Arevad, Public & Investor Relations Manager+45 53 53 43 31katrine@donkeyrepublic.com

Financial and Certified Adviser:Clearwater InternationalAndreas Lauth Lauridsen |Dampfærgevej 8, 1. floor | DK-2100 Copenhagencertified.adviser@cwic | www.clearwaterinternational.com/dk

ABOUT DONKEY REPUBLICDonkey Republic is a leading provider of end-to-end bike-sharing solutions. The Company is expanding across Europe and as of Q1 2021 it operates +10,100 bikes in 15 cities as Mobility-as-a-Service (“MaaS”) provider as well as licenses its platform as Software-as-a-Service (“SaaS”) to partners operating +2,700 bikes across +60 cities. Based on its proprietary software at the core, Donkey Republic offers cities and local partners a fully integrated turn-key solution, including software critical to all stakeholders, bikes, operations, and support services. Donkey Republic taps into megatrends such as sustainability, sharing economy, and urbanisation, and has a vision of making city life better for everyone with affordable and responsible bike-sharing.