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2016-02-19

Thin Film Electronics ASA: Woodford Investment Management Invests USD 42 million in Thin Film Electronics ASA

OSLO, Norway, February 19, 2016 -Thin Film Electronics ASA("Thinfilm" or "the
Company") (OSE: THIN.OL; OTCQX: TFECY), a global leader in printed
electronics and smart systems, today announced that Woodford Investment
Management ("Woodford") has agreed to acquire 120,000,000 new shares in
Thinfilmin a private placement at a subscription price of NOK 3.00 per share
totalling NOK 360,000,000 (USD 42 million).

Upon completion of the transaction, Woodford will hold 17.8% of the shares in
the Company. Upon subscription in the offering, Woodford will also receive
40,000,000 warrants, each with an exercise price of NOK 4.50. The warrants
are exercisable after a 12-month holding period, and expire in two years.

The issuance of shares and warrants is subject to the approval of an
extraordinary general meeting (the "EGM") in Thinfilm. An EGM will be called
for as soon as practical and will take place on or about 15 March 2016.
Completion of the private placement is conditional upon EGM approving the
transaction.

"Woodford Investment Management is one of the UK's leading fund managers and
its founder has a history of identifying compelling opportunities," said
Davor Sutija, CEO of Thinfilm. "We believe this investment is a strong
endorsement of Thinfilm's unique technology and its prospects for future
success."

About Thin Film Electronics ASA

Thinfilm is a leader in the development and commercialization of printed
electronics and smart systems. The first to commercialize printed, rewritable
memory, the Company creates printed systems that include memory, sensing,
display, and wireless communication, all at a low cost unmatched by any other
electronic technology. Thinfilm's roadmap integrates technology from a strong
and growing ecosystem of partners to enable the Internet of Everything by
bringing intelligence to disposable goods.

Thin Film Electronics ASA ("Thinfilm") is a publicly listed Norwegian company
with headquarters in Oslo, Norway; product development and production in
Linköping, Sweden; product development, production, and business development
in San Jose, California, USA; and sales offices in the United States, Hong
Kong, and Singapore. For more information, visit www.thinfilm.no.

About Woodford Investment Management

Woodford Investment Management LLP is authorised and regulated by the
Financial Conduct Authority (www.fca.org.uk), 25 The North Colonnade, Canary
Wharf, London E14 5HS. Woodford Investment Management LLP, registered in
England No OC390366. Registered office: 9400 Garsington Road, Oxford OX4 2HN.

# # #

For more information, please contact:
John Afzelius-Jenevall, CFO
Thin Film Electronics ASA
+47 95 87 96 80
jaj@thinfilm.no

This information is subject to 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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