Flyr AS - Capital/Financing Update 2022

Key information relating to a potential subsequent offering to be carried out by Flyr AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES

OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION

WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Flyr AS (the

"Company") on 5 May 2022 regarding a private placement in the Company raising

gross proceeds of NOK 250 million (the "Private Placement"), as well as a

potential subsequent offering of up to 62,500,000 new shares at a subscription

price per share equal to the subscription price in the Private Placement (the

"Subsequent Offering").

Date on which the terms and conditions of the subsequent offering were

announced: 5 May 2022

Last day including right: 5 May 2022

Ex-date: 6 May 2022

Record date: 9 May 2022

Date of approval: 13 May 2022

Maximum number of new shares: 62,500,000

Subscription price: NOK 1.20

Other information: The Subsequent Offering is conditional on, inter alia, an

extraordinary general meeting in the Company, to be held on or about 13 May

2022, approving (i) issuance of new shares in tranche 2 of the Private Placement

and (ii) granting the Company's board of directors an authorization to increase

the Company's share capital in connection with the Subsequent Offering. Launch

of the Subsequent Offering, if carried out, is also contingent on the Company

preparing and publishing an EEA prospectus approved by the Financial Supervisory

Authority of Norway. Further description of the Subsequent Offering and the

terms and other circumstances that must be taken into consideration when

subscribing for shares will be included in the prospectus. The Company reserves

the right in its sole discretion to not conduct or to cancel the Subsequent

Offering

This information is published in accordance with the requirements of the

Continuing Obligations.

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