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2014-05-09

Thin Film Electronics ASA: THIN - Shares as board remuneration

The annual general meeting of Thin Film Electronics ASA ("Thinfilm") resolved
on 8 May 2014 that Board members may elect to receive all or part of their
board remuneration in the form of shares in Thinfilm; that the number of
shares shall correspond to a value of 120 per cent of the NOK amount granted
as board remuneration; that the board member must pay a subscription price
per share equal to the par value of the share, NOK 0.11; and that the shares
cannot be sold before the earlier of the date of the Annual General Meeting
of Thinfilm in 2015, or 30 June 2015.

Board members Morten Opstad, Rita Glenne and Preeti Mardia each elected to
receive the board remuneration in shares. As a result, Thinfilm will issue a
total of 120,254 shares to these three board members.

As a consequence of the issuance of shares, the share capital will increase by
a total of NOK 13,227.94. The shares will be issued when the share capital
has been paid in.

8 May 2014
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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