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AutoStore AS: Autostore Holdings Ltd. - Long-term incentive plan 2022 grants

(Nedre Vats, 8 July 2022) The remuneration committee, a subcommittee of the board of directors of AutoStore Holdings Ltd., (the "Company" or "AutoStore"), has, on 7 July 2022, approved a new long-term incentive plan ("LTIP") for certain members of the Company's management and other leading employees (the "Executives") in line with the terms as adopted by the annual general meeting of the Company held on 19 May 2022. The LTIP is designed to strengthen the Executives' retention through the awarding of rolling out annual LTIP grants.

Under the LTIP, the Executives are awarded a conditional grant of share options, performance share units ("PSUs") and/or restricted stock units ("RSUs"). The share options and RSUs are issued to focus the Executives on such activities which promote share price appreciation. The PSUs are issued to provide a mechanism to incentivize and reward the achievement of strategic goals, in pursuit of sustainable value creation. The incentive vehicles therefore encourage the LTIP participants to act in the best interests of the Company for the benefit of shareholders and wider stakeholder groups.

The total number of options that will be awarded under the LTIP for 2022 is 791,241, where each option will give the holder the right to acquire one AutoStore share from the Company. The options under the LTIP for 2022 shall vest on 7 July 2025, and can be exercised within 12 months with a strike price of NOK 21.88 per share.

The total number of PSUs that will be awarded under the LTIP for 2022 is 343,217. Vesting of the PSUs is based on the achievement of financial or other performance goals, and may only be vested by the holder upon approval of the board of directors in their sole discretion. Once vested, each PSU will award the holder with one AutoStore share.

The total number of RSUs that that will be awarded under the LTIP for 2022 is 739,081. The RSUs are subject to a time based vesting and shall vest on the date falling 36 months following the date of grant.

The primary insiders of the Company, Karl Johan Lier (CEO & President), Anette Matre (Chief People & Information Officer), Bent Skisaker (CFO), Israel Losada Salvador (COO), Carlos Fernandez (CPO), Mats Hovland Vikse (CRO) and Jenny Sveen Hovda (General Counsel) have been awarded a total of 791,241 options and a total of 343,217 PSUs under the LTIP for 2022, as further described in the attached forms.

This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Bent M. Skisaker, Chief Financial Officer, +47 46 82 16 93|

Hiva Ghiri, VP Investor Relations, +47 958 66 790| (790|

About AutoStore

AutoStore, founded in 1996, is a robot technology company that invented, and continues to pioneer, Cube Storage Automation - the densest product/inventory storage solution in existence. The company's focus is to marry software and hardware with human abilities to create the future of warehousing. AutoStore is global, with more than 900 systems installed in +40 countries over a wide range of industries. All sales are designed, installed, and serviced by a network of qualified system integrators - which AutoStore calls `partners'. The company's headquarters is in Nedre Vats (Norway), with offices also in Oslo (Norway), in the U.S., UK, Germany, Austria, France, Spain, Italy, Korea, Japan, and Singapore.

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