Reduction of Directors' Compensation, Introduction of New Stock Option Plan, and Appointment of New CFO

REYKJAVIK, ICELAND / ACCESSWIRE / May 14, 2024 / GreenBank Capital (CSE:GBC)(OTC Pink:GRNBF)(FRA:2TL) ("GreenBank" or "the Company") is pleased to announce the appointment of a new CFO, a reduction in directors' remuneration, and a new share option plan.

Reduction of Directors' Compensation and New Option Plan

The board has agreed to reduce its compensation by $1,000 per month for each director, resulting in annual savings of $60,000.

The previous stock option plan expired on February 22, 2024. The board of directors has approved a new incentive stock option plan involving 6,200,000 shares, exercisable at $0.08 each and valid for 36 months from the date of grant.

Stock Distribution:

Name	Title	Number of Shares
Vilhjalmur Thor Vilhjalmsson	CEO	1,300,000
Steve O'Carroll	COO	1,300,000
Harpa Hermannsdóttir	CFO	600,000
Richard Beresford	Director	1,000,000
Peter Wanner	Director	1,000,000
Sir Robert Neill	Director	1,000,000
Total Issued		6,200,000

Introduction of New CFO

The Company is also pleased to introduce Harpa Hermannsdóttir, M.Acc., as the new CFO. A certified accountant, Harpa brings over two decades of experience in financial and private sectors, having held senior management positions at international companies such as WoW Air and Kaupthing Bank. She has also served as a part-time lecturer at the University of Iceland. For the past five years, she has independently worked as a CFO for various companies.