Airthings — Major Shareholding Notification 2023

Mar 9, 2023

Flagging in Airthings ASA

Flagging in Airthings ASA

Reference is made to the stock exchange announcement published by Airthings ASA ("Airthings") on 9 March 2023 regarding a PDMR notification by Firda AS in relation to a share lending agreement pursuant to which Firda AS has granted Carnegie AS an option to borrow up to 3,625,000 shares in Airthings ASA ("Airthings"). The loan of shares is to facilitate settlement in the private placement of new shares in Airthings with gross proceeds of NOK 75 million, which was approved at Airthings’ Extraordinary General Meeting today.

In connection with the share lending, Firda’s share ownership will decrease from 35,607,039 shares to 31,982,039 shares, which is a decrease from 20.46% to 18.38% based on a total of 173,992,346 outstanding shares.

Settlement for the allotted shares in the Private Placement is expected to take place on or around 13 March 2023, at which time the borrowed shares will be returned to Firda.

This information is subject to the disclosure requirements pursuant to Section 5-12, cf. Section 4-2 of the Norwegian Securities Trading Act.

For more information, please contact:

Jeremy Gerst - CFO

T: +47 455 11 103

E: jeremy.gerst@airthings.com