Paul Harrison new CFO at AutoStore Holdings Ltd

(Nedre Vats, 7 September, 2023) - AutoStore Holdings Ltd. (AutoStore, OSE:AUTO) today announced that Paul Harrison has been named AutoStore’s Chief Financial Officer, effective October 30, 2023. Paul will succeed Bent Skisaker, who will be transitioning out of his position in October.

Paul has over 20 years of experience in finance leadership roles including 17 years as the CFO of successful, FTSE 100 technology businesses. Paul’s most recent roles include serving as COO of Ascential plc and as CFO of Just Eat plc. He also served as CFO of The Sage Group plc between 2000 and 2013. Paul is a Chartered Accountant who spent his early career with RMT and PricewaterhouseCoopers LLP. Paul will spend his time between AutoStore’s global locations and his home, in Oxfordshire, England.

CEO Mats Hovland Vikse said “Paul brings outstanding experience as the CFO of dynamic global businesses and a deep understanding of disciplined value creation. He has a proven track record of developing high-performing finance teams and accelerating growth. I look forward to welcoming him to the management team."

Paul Harrison commented "I am delighted to join AutoStore, the industry pioneer in cubic storage automation, at a time of rapid growth and exciting opportunities for the company. We are still in the early stages of the global transition to automation, robotics and industry 4.0. AutoStore has the leading position, experience and financial strength to lead that industry evolution and continue its impressive value creation.”

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Hiva Ghiri, VP Investor Relations, +47 958 66 790 hiva.ghiri@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.