AutoStore Holdings Ltd. – Sale of option shares completed

(Nedre Vats, 10 November 2023): Reference is made to the stock exchange notice made by AutoStore Holdings Ltd. ("AutoStore" or the "Company", OSE:AUTO) on 9 November 2023, regarding exercise of share options under AutoStore's equity incentive plan.

A total of 110,934 options with a strike price of NOK 3.91166 per share have been exercised. No primary insiders of the Company have exercised any options in this exercise window. Following the exercise, there are 63,588,209 vested and 6,289,958 unvested options remaining under the 2019 equity incentive plan.

The exercised options/option shares will be settled by delivery of treasury shares held by AutoStore and the Company will hold 71,972,363 treasury shares following the option exercise.

For further information, please contact:

Jo Christian Lund-Steigedal, Investor Relations

Telephone: +47 41508733 | Info.ir@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 ~1,350 Systems in 52 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 production facilities in Koszalin, Poland. For more information about AutoStore, see www.autostoresystem.com.