Airthings — Share Issue/Capital Change 2023

Nov 9, 2023

Airthings ASA – Exercise of share options

Airthings ASA – Exercise of share options

On November 9, 2023, employees in Airthings ASA ("the Company") have exercised 328 600 options. The options had an average strike price of NOK 0.73. Each share option corresponds to one share.

Following the share options exercise, pursuant to authorization granted by the Company’s annual general meeting, the board of directors has resolved to increase the Company’s share capital by NOK 3 286,00 through the issuance of 328 600 new shares, of par value NOK 0.01. Following this increase, the Company’s share capital is NOK 1 977 584,46 divided into 197 758 446 shares outstanding, each with a nominal value of NOK 0.01. In utilizing its authorization, the board of directors has resolved to set aside existing shareholders' pre-emptive rights to subscribe the new shares in order to satisfy the Company's obligations under its option program.

No primary insiders exercised options in this round.

For more information, please contact:

Magnus Bekkelund, interim CFO

+47 480 78 845

magnus.bekkelund@airthings.com