Flyr AS - Share Issue/Capital Change 2022

Flyr AS - Mandatory notification 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 tradable subscription rights being granted to

existing shareholders (the "Subscription Rights").

Sale of Subscription Rights

Diva Dugnad AS ("Diva Dugnad"), which owns 15,000,000 shares in the Company, was

granted 26,315,790 Subscription Rights in connection with the Rights Issue and

has today sold 12,850,000 Subscription Rights at an average price of NOK 0.1355

per Subscription Right. Please see the attached notification for further

information.

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

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

company controlled by the Company's chairman of the board, Erik Braathen,

controls Diva Dugnad through direct ownership in Diva Dugnad as well as having

control of the aforementioned management companies.

Net proceeds from the sale of the Subscription Rights is intended to be used by

Diva Dugnad to subscribe for shares in the Rights Issue.

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.

AI assistant