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2016-05-11

Thin Film Electronics ASA: THIN - Exercise of subscription rights - Share issue to employees - Mandatory Notification of trade

The board of directors of Thin Film Electronics ASA ("Thinfilm") has resolved
to issue 3,675,000 shares to 12 employees, in accordance with the Company's
2011 and 2012 Subscription Rights Incentive Plans, respectively.

3,637,500 of the Subscription Rights exercised expire on 10 May 2016 and today
was hence the last day to exercise.

Upon exercise, the cash impact for the employee of the subscription price and
tax impact is 65-75% of the number of shares received, depending on exercise
price and tax jurisdiction. The employees are consequently selling shares in
order to finance said cash impact.

Of the total number of exercised subscription rights, 2,700,000 are exercised
by the following primary insiders who in turn have sold a total of 2,115,000
shares in order to finance the above mentioned exercise price and tax
liability:

* Davor Sutija, CEO, exercised 2,000,000 subscription rights at a
subscription price of NOK 1.49 per share and has sold 1,500,000 shares at
NOK 3.71. After the transaction is completed, Mr Sutija will hold 2,700,000
shares and 4,500,000 subscription rights in Thinfilm.
* Christer Karlsson, CTO, exercised 700,000 subscription rights at a
subscription price of NOK 1.49 per share and has sold 615,000 shares at NOK
3.71. After the transaction is completed, Mr Karlsson will hold 300,000
shares and 2,000,000 subscription rights in THIN.

Cash-less exercise - transfer of rights

On 10 May 2016, in order to establish a cash-less exercise of the expiring
subscription rights, the employees in the expiring 2011 program transferred
their rights to receive shares resulting from the exercise of options to a
third party.

The sales amount of NOK 3.71 per share has been determined on the basis of the
price obtained by the third party when selling the shares in the market.

The issue of the 3,637,500 shares corresponds to a share capital increase of
NOK 404,250 (each share issued having a par value of NOK 0.11). The weighted
average subscription price per share was NOK 1.47. The total subscription
price therefore is NOK 5,391,750, of which NOK 404,250 is added to the
Company's share capital while NOK 4,987,500 is added to the Company's funds
in accordance with the provisions of the Public Limited Companies Act.

For more information contact:
John Afzelius-Jenevall, CFO: +47 95 87 96 80 / jaj@thinfilm.no

10 May 2016
Thin Film Electronics ASA

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thin Film Electronics ASA via Globenewswire

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