AutoStore Holdings Ltd. – Sale of option shares by primary insiders

(Nedre Vats, 27 April 2023): AutoStore Holdings Ltd (AutoStore, OSE:AUTO)  Reference is made to the stock exchange notices issued by AutoStore earlier today regarding exercise of share options under AutoStore's equity incentive plan.

A total of 16,485,330 options with a strike price of NOK 3.84351 per share have been exercised by primary insiders Bent Skisaker (Chief Financial Officer), Anette Matre (Chief People & Information Officer), Carlos Fernández (Chief Product Officer) and other option holders. Subsequent to the exercise, there are 55,402,642 vested and 16,809,768 unvested options remaining under the 2019 equity incentive plan.

The exercised options will be settled by delivery of treasury shares held by AutoStore and the Company will hold 75,244,910 treasury shares following the option exercise.

Through a bookbuilding process carried out by Carnegie AS, the primary insiders mentioned above and other option holders have in total sold 13,631,906 option shares at an average price of NOK 23.00 per option share. The balance between the number of options exercised by the primary insiders and the number of shares sold by the primary insiders, have been retained by the company as settlement for the strike price as part of a cashless exercise of options under the option program.

Please see attached form of notification and public disclosure regarding sales made by primary insiders.

This information is subject to the disclosure requirements under article 19 of the Regulation EU 596/2014 (the Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.

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-fulfillment 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 ~1,200 Systems in 49 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.