Autostore Holdings Ltd.

Board/Management Information • Aug 5, 2025

Autostore Holding Ltd: Rotation and appointment of board members

Autostore Holding Ltd: Rotation and appointment of board members

(Nedre Vats, 5 August 2025): AutoStore Holdings Ltd (the "Company" or

"AutoStore", OSE: AUTO) announces that the Company's shareholder SoftBank has

decided to appoint Angela Du as a new member of the Board of Directors with

effect from 5 August 2025. Angela will replace Andreas Hansson, who is stepping

down from his role as a SoftBank-appointed board member. The nomination

committee will propose that Andreas Hansson is elected as an independent board

member at a special general meeting during the fall of 2025.

Further, the Company's shareholder Thomas H. Lee Advisors LLC. ("THL") has

resolved to appoint Kevin Mok as a new member of the Board of Directors with

effect from 5 August 2025. Kevin Mok will replace Michael K. Kaczmarek, who has

left his position with THL.

Co-chair of the Board of Directors, Jim Carlisle, expresses gratitude to Andreas

Hansson and Michael K. Kaczmarek for their valuable contributions, and welcomes

the new appointments.

Following the rotation, the composition of the Board of Directors remains

unchanged in terms of its overall structure, and continues to constitute a

quorum. Please find biography details on the new board members below.

Angela Du

Partner, SoftBank Investment Advisers

Angela Du is a Partner at SoftBank Investment Advisers, where she works with

entrepreneurs, helps build companies, and advises growth businesses. Prior to

joining SoftBank in 2018, Du worked at Goldman Sachs as an Investment Banking

Analyst, at the Texas Pacific Group as an Associate, Strategic Initiatives /

Product Manager for Rent.com and as a Senior Research Analyst at Parnassus

Investments across private and public asset classes. She attended Standford

University and holds an M.B.A. from Wharton.

Kevin Mok

Vice President, Thomas H. Lee Partners Advisors LLC.

Kevin Mok is a Vice President at THL, focused on making investments in

industrial automation companies. Prior to joining THL in 2019, Mok worked at

Goldman Sachs, advising technology companies. Mok holds a Bachelor's Degree in

finance / mathematics from Boston College, where he graduated summa cum laude.

For further information, please contact:

Hiva Flåskjer, Senior Vice President Investor Relations

Telephone: +47 958 66 790 | Email: hiva.flaskjer@autostoresystem.com

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 ~1,700 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.