In an exercise window opened in connection with the publication of the Company's Q4 2023 results, option holders under the Company's equity incentive plan have exercised a total of 1,756,869 options with a strike price of NOK 3.75408 per option. No primary insiders of the Company has exercised any options in this exercise window. All the option holders who exercised options have chosen to exercise their options with cash settlement by the Company. The Company have sold a total of 1,426,209 option shares at an average price of NOK19.9459 per option share to cash settle the exercised share options. The Company holds 70,547,373 treasury shares following the option exercise and the above-mentioned sale of option shares.

Following the exercise, there are 63,666,185 vested and 5,402,998 unvested options remaining under the 2019 equity incentive plan.

For further information, please contact:

Jo Christian Lund-Steigedal, Investor Relations, AutoStore

Telephone: +47 41 50 87 33 | Info.ir@autostoresystem.com

About AutoStore | www.autostoresystem.com

AutoStore, founded in 1996, is a technology company that develops order-fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions.

AutoStore is global, with ~1,400 Systems in 54 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners".

AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as assembly facilities in Poland.

For more information about AutoStore, see www.autostoresystem.com.