Flyr AS - Capital/Financing Update 2022

Updated key information relating to the preferential rights issue to be carried out by Flyr AS

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

"Company") on 22 December 2021 relating to key information about a fully

underwritten rights issue in the Company, to raise gross proceeds of NOK 250

million (the "Rights Issue"). Updated key information relating to the Rights

Issue is set out below.

Date on which the terms and conditions of the preferential rights issue were

announced: 22 December 2021

Last day including right: 4 January 2022

Ex-date: 5 January 2022

Record Date: 6 January 2022

Date of approval: 4 January 2022

Maximum number of new shares: 263,157,894

Subscription price: NOK 0.95 per share

Ratio preferential rights: 1.754386 subscription right per 1 existing share in

the Company. The aggregate number of subscription rights granted to each

shareholder will be rounded down to the nearest whole subscription right.

Subscription ratio: 1:1 (1 subscription right will give the right to subscribe 1

new share in the Rights Issue)

Managers: Arctic Securities AS, Carnegie AS and SpareBank 1 Markets AS

Will the rights be listed - yes/no: Yes

ISIN for the preferential rights: NO 001 1198111

Other information: The Rights Issue is fully underwritten. The Rights Issue is

subject to approval by the Company's extraordinary general meeting ("EGM") to be

held today, 4 January 2022, at 18:00 hours (CET). Please refer the notice for

the EGM for further information about the Rights Issue, published by the Company

on 22 December 2021, as well as information relating to determination of the

subscription price and the number of shares in the Rights Issue, published by

the Company earlier today on 4 January 2022.

This information is published in accordance with the requirements of the

Continuing Obligations.

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