AutoStore Holdings Ltd. – Exercise of share options under the equity incentive plan and joint sale of option shares

(Nedre Vats, 17 August 2023): Reference is made to the equity incentive plan of AutoStore Holdings Ltd ("AutoStore" or the "Company", OSE: AUTO).

In an exercise window opened in connection with the publication of the Company's Q2 2023 results, option holders under the Company's equity incentive plan have exercised a total of 2,344,670 options with a strike price of NOK 3.76943 per share.

No primary insiders of the Company has exercised any options in this exercise window. All the option holders who exercised options have transferred their rights to receive the new shares following the exercise of options to Carnegie AS in order to complete a joint sale of up to 2,344,670 shares.

The exercised options will be settled by delivery of treasury shares held by AutoStore.

For further information, please contact:

Hiva Flåskjer

VP Investor Relations

Tel: +47 958 66 790

Email: hiva.flaskjer@autostoresystem.com

About AutoStore

AutoStore, founded in 1996, is a technology company that develops order-fulfilment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions.

AutoStore is global, with ~1,250 Systems in 50 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners".

AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as assembly facilities in Poland.