Flyr AS — Share Issue/Capital Change 2022

Jan 21, 2022

Flyr AS - Mandatory notifications of trades

Flyr AS - Mandatory notifications of trades

Reference is made to the announcement by Flyr AS (the "Company") on 7 January

2022 regarding commencement of a fully underwritten rights issue in the Company

(the "Rights Issue"), with tradeable subscription rights granted to existing

shareholders that gives preferential rights to subscribe for the new shares

offered in the Rights Issue (the "Offer Shares") at a subscription price of NOK

0.95.

The following primary insiders and close associates to primary insiders has

today exercised the following number of subscription rights and is guaranteed

allocation of a corresponding number of Offer Shares:

- Ojada AS, a company indirectly controlled by Erik Braathen, Chairman of the

Board, has exercised 26,315,719 subscription rights. Subject to issuance of the

Offer Shares in the Rights Issue, Ojada AS will hold 41,315,719 shares in the

Company.

- Tonje Wikstrøm Frislid, Chief Executive Officer, has exercised 70,175

subscription rights. Subject to issuance of the Offer Shares in the Rights

Issue, Ms. Frislid will hold 110,175 shares in the Company. Ms. Frislid also

indirectly own shares in the Company through an indirect and non-controlling

ownership in Diva Dugnad AS, see below.

- FØN Invest AS, a company controlled by Asgeir Nyseth, Chief Operating Officer,

has exercised 175,438 subscription rights. Subject to issuance of the Offer

Shares, FØN Invest AS will hold 275,438 shares in the Company. Mr. Nyseth also

indirectly own shares in the Company through an indirect and non-controlling

ownership in Diva Dugnad AS, see below.

- Opgangssagen AS, a company controlled by Alf Sagen, Chief Information Officer,

has exercised 175,438 subscription rights. Subject to issuance of the Offer

Shares, Opgangssagen AS will hold 275,438 shares in the Company. Mr. Sagen also

indirectly own shares in the Company through an indirect and non-controlling

ownership in Diva Dugnad AS, see below.

- Diva Dugnad AS, a company indirectly controlled by Erik Braathen*, Chairman of

the Board, has exercised 7,424,165 subscription rights. Subject to issuance of

the Offer Shares in the Rights Issue, Diva Dugnad will hold 22,424,165 shares in

the Company.

*Members of management of the Company has indirectly invested in the Company

through two management companies that hold shares in Diva Dugnad AS. Ojada AS, a

company indirectly controlled by Mr. Braathen, controls Diva Dugnad AS through

direct ownership in Diva Dugnad AS as well as having control of the

aforementioned management companies.

Please see the attached notifications for further information.

This information is subject to the disclosure requirements in articles 19 of the

Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the

Norwegian Securities Trading Act.