Airthings — Share Issue/Capital Change 2021

Feb 11, 2021

Airthings ASA – Exercise of share options

Airthings ASA – Exercise of share options

Oslo, February 11, 2021

Employees in Airthings ASA ("the Company") have on February 5, 2021 exercised 523 400 options. The options had an average strike price of NOK0.9911. Each share option corresponds to one share.

Pursuant to authorization granted by the Company’s annual general meeting, the Company’s share capital has by the board been resolved increased by NOK 5 234 through issuance of 523,400 new shares, of par value NOK 0.01. Following this, the Company will have 171 129 037 shares outstanding, each with a nominal value of NOK 0.01.

Options exercised by primary insiders February 5, 2021 are the following:

Julian Piek has exercised 1 200 options in the Company, corresponding to 1 200 shares at the strike price of NOK 3.36. After exercising options, Julian Piek holds 58 800 unexercised options in the Company, corresponding to 58 800 shares. The options have a strike price of NOK 3.36.

For more information, please contact:

Erik Lundby, CFO and Head of Investor Relations

Phone: +47 924 00 396

Email: erik.lundby@airthings.com