Greenbank Share Second Quarterly Shareholder Update - Seite 3

Ubique Minerals

Shareholding: 14,311,039* (18.12%) common shares (listed on the CSE)

(*373,426 shares are subject to of options issued under the Private Placement)

Following the termination of the agreement to purchase the Namibia Zinc Mine, announced on 04 July 2023, Ubique is now focusing on its Daniel's Harbour Zinc project. The company is also actively looking for new opportunities to further expand its mining projects portfolio.

The Substantia Group

Shareholding: 48.5% through Staminier which owns 100% of Substantia Group

The Substantia Group (TSG) is engaged in just under thirty live, retainer income-generating projects, split between Property Consultancy, Business Consultancy and Creative opportunities. The outcome of the historical pipeline has been impacted through the pandemic causing long delays and in some cases abortive results due to extended cashflow requirements and project cost viability. The TSG annual accounts were submitted on 10 May 2023, showing £824,876 turnover and a pre-tax net profit of £44,868.

Flex Capital

Shareholding: 212 ordinary shares (23.68%)

Flex Capital's flagship philanthropy tech platform "Kiind" is planned for release between Q4 2023 and Q1 2024 (subject to funding from the Private Placement). Terms have been accepted with the major software development house who have agreed to undertake the entire build of the platform when instructed. The next task is to raise the funds necessary to undertake the development work and discussions in that regard are on-going.

Beelivery

Shareholding: 780 ordinary shares (5.50%)

Beelivery, the UK-based on-demand grocery delivery service, continues to be a profitable and cashflow positive business although they are seeking funding to support growth. On 02 June 2023, they announced a promotion with the film Transformers: Rise of the Beasts.

Freeway

Holding: 323,524,466 FWT (held by Staminier of which GreenBank holds 48.5%)

The position in relation to Freeway, the digital asset management platform, remains unclear. On 30 January 2023, they announced that they expect to resume normal services by early 2024, but no official communication has been received since.

NARC

Shareholding: 11,448 ordinary shares (4.2%) (held by Staminier of which GreenBank holds 48.5%)

NARC have not yet shared an official update in the past quarter on their progress with their MMO gaming project. The Company expected an update later in 2023 alongside a recent gameplay demo, but this is yet to be seen. NARC are seeking to raise more money, including in a Series A fundraising scheduled for the Autumn.