Flyr AS — Share Issue/Capital Change 2022

Nov 10, 2022

Flyr AS: Key information relating to the subsequent offering

Flyr AS: Key information relating to the subsequent offering

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 9 November 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 10,000,000,000 new shares at a

subscription price per share of NOK 0.01, which is 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: 9 November 2022

Last day including right: 10 November 2022

Ex-date: 11 November 2022

Record date: 14 November 2022

Date of approval: 16 November 2022

Maximum number of new shares: 10,000,000,000

Subscription price: NOK 0.01

Other information:

The Subsequent Offering is conditional on, inter alia, an extraordinary general

meeting in the Company, to be held on 16 November 2022, approving (i) the

issuance of new shares in the Private Placement, (ii) granting the Company's

board of directors an authorization to increase the Company's share capital in

connection with the Subsequent Offering, and (iii) the issuance of subscription

rights to shareholders who are allocated shares in the Private Placement and the

Subsequent Offering, as further described in the stock exchange announcement

published by the Company on 9 November 2022. Participants in the Subsequent

Offering are also expected to be granted subscription rights.

Launch of the Subsequent Offering 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.

For further information, please contact:

Brede Huser, Chief Financial Officer

Phone: +47 99 16 99 74

Email: brede.huser@flyr.com

About Flyr

Flyr is a Norwegian based low-cost carrier with a demand driven business model

and a primary focus on the Norwegian market. The company targets a modern,

digital, and efficient setup to ensure high operational efficiency through

simplicity, optimized resource utilization and smart use of technology. Flyr AS

is listed at Euronext Growth under the ticker FLYR.

This information is published in accordance with the requirements of the

Continuing Obligations.