Autostore Holdings Ltd.

AutoStore Holdings Ltd. - Exercise of share options under the 2019 equity incentive plan and sale of option shares

(Nedre Vats, 20 February 2025): Reference is made to the 2019 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

Q4 2024 results, option holders under the Company's 2019 equity incentive plan

have exercised a total of 248,523 options with a strike price of NOK 3.84846 per

option.

No primary insiders of the Company have exercised any options in this exercise

window.

All the option holders who exercised options have chosen to exercise their

options with cash settlement by the Company. The Company have sold a total of

166,124 option shares at a price of NOK 11.6073 per option share to cash settle

the exercised share options. The Company holds 68,706,086 treasury shares

following the option exercise and the above-mentioned sale of option shares.

Following the exercise, there are 66,354,793 vested and 0 unvested options

remaining under the 2019 equity incentive plan.

For further information, please contact:

Hiva Flåskjer, SVP Investor Relations, AutoStore AS Telephone: +47 958 66 790

Nili Eslah, Investor Relations Manager, AutoStore AS Telephone: +47 456 62 664

About AutoStore | www.autostoresystem.com

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 ~1,650 Systems in 58 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 and Thailand.

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