Airthings — Share Issue/Capital Change 2020

Nov 27, 2020

Exercise of share options in Airthings ASA

Exercise of share options in Airthings ASA

Employees in the Airthings ASA ("the Company") have on November 24 2020 exercised 299 400 options. The options had an average strike price of NOK 1.89. Each share option corresponds to one share. Pursuant to authorization granted by the Company’s Annual General Meeting, the Company’s share capital will be increased by NOK 2 994 by issuing 299 400 new shares, of par value NOK 0.01. Following the increase, the Company’s share capital is

NOK 1 706 056.37 divided into 170 605 637 shares.

Options exercised by primary insiders November 24 2020 are the following:

Tore Rismyhr has exercised 16 200 options in the Company, corresponding to 16 200 shares at the strike price of NOK 3.36. After exercising options, Tore Rismyhr holds 43 800 unexercised options in the Company, corresponding to 43 800 shares. The options have a strike price of NOK 3.36.

After completion of the transaction, the primary insider holds 56 200 shares privately in the Company.

Vigdis Jernberg has exercised 57 600 options in the Company, corresponding to 57 600 shares at the strike price of NOK 0.70. After exercising options, Vigdis Jernberg holds 25 000 unexercised options in the Company, corresponding to 25 000 shares. The options have a strike price of NOK 0.70.

After completion of the transaction, the primary insider holds 0 shares privately in the Company and 91 800 shares through Vigdis Jernberg AS (wholly owned holding company). In addition, the primary insider holds 8 800 shares through Amaisal AS (joint company with 30% ownership).

Pål Duserud Berntsen has exercised 27 000 options in the Company, corresponding to 27 000 shares at the strike price of NOK 1.45. After exercising options, Pål Duserud Berntsen holds 473 000 unexercised options in the Company, corresponding to 473 000 shares. The options have a strike price of NOK 1.45.

After completion of the transaction, the primary insider holds a total of 518 200 shares in the Company, divided between 491 200 shares in Airthings ASA through his wholly owned company, Dube AS, and 27 000 shares privately.

Transfer of rights:

On 24 November 2020, the primary insider mentioned below transferred the rights to receive shares resulting from the exercise of options to a third party. The payment has been determined based on a selling price of NOK 12.7947

Vigdis Jernberg transferred 57 600 rights.

For more information, please contact:

Erik Lundby, CFO and Head of Investor Relations

Phone: +47 924 00 396

Email: erik.lundby@airthings.com