Ensurge Micropower ASA - Remuneration Information 2021

Thin Film Electronics ASA - Grant of Incentive Subscription Rights

Oslo, 20 January 2021

The Board of Directors of Thin Film Electronics ASA ("Thinfilm" or the

"Company") resolved on 20 January 2021 to issue a total of 24,295,824 incentive

subscription rights to employees in the Thinfilm group. The grants were made

under the Company's 2020 incentive subscription rights plan as resolved at the

Extraordinary General Meeting on 19 August 2020. The exercise price of the

subscription rights is NOK 0.6225 per share. 50% of the SRs vest after one year

following the date of grant, while the remaining 50% vest two years after the

date of grant. The SRs expire on 19 August 2025.

In addition, a total of 7,024,580 subscription rights have been granted to

members of the board of directors in accordance with the resolution by the

Extraordinary General Meeting on 19 August 2020. The exercise price per share

for the European directors on the Company's board is NOK 0.15, while the

exercise price per share for the US directors on the Company's board is NOK

0.6225. 50% of the subscription rights to board members will become vested and

exercisable on the earliest of the date immediately preceding the first Annual

General Meeting after the date of grant and 30 June in the year of such Annual

General Meeting, and the remaining 50% of the SRs will become vested and

exercisable on the earliest of the date immediately preceding the Annual General

Meeting in the subsequent year and 30 June in such subsequent year.

Following the foregoing grants, there are 115,488,714 subscription rights issued

and outstanding in Thinfilm.

Contact:

Kevin Barber - Chief Executive Officer

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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