AutoStore Announces CFO Transition

28 Nov 2022 08:30 CET

NEDRE VATS, NORWAY (November 28, 2022) - AutoStore Holdings Ltd. (AutoStore,
OSE:AUTO) today informs that a global search for a new Chief Financial Officer
has been initiated. Current CFO Bent Skisaker has informed the company of his
intention to step down to pursue other opportunities. He will remain in the role
until a replacement is in place.

"Bent has been an outstanding CFO for AutoStore. His leadership and experience
has been instrumental in helping us in many areas, including the completion of
our IPO in 2021. We wish Bent all the best in his new endeavors", newly
appointed CEO Mats Hovland Vikse says.

Also retiring CEO Karl Johan Lier would like to thank Skisaker for being a vital
part in taking AutoStore from a private to a listed company.

"Bent's expertise in taking fast-growing companies to listing has been very
valuable for us during this phase. We would like to thank him for all his
contributions to the company", Lier says.

"I've had a great time working for AutoStore. This is a natural step as
AutoStore is preparing for the next growth phase. I have high confidence in the
company's future and will continue to serve in the role to support a successful
transition", says CFO Bent Skisaker.

For further information, please contact:

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

hiva.ghiri@autostoresystem.com

Hansine Korslien Lyngøy, VP Communications, +47 482 48 642

hansine.lyngoy@autostoresystem.com

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 aims to marry software and hardware
with human abilities to create the future of warehousing. AutoStore is a global
company, with more than 1,000 systems installed in 46 countries and in a wide
range of industries. All sales are designed, installed and serviced by a network
of qualified system integrators. The company headquarters is in Nedre Vats,
Norway, with offices in Oslo (Norway), the U.S., UK, Germany, France, Spain,
Italy, Austria, South Korea, Japan, and Singapore.

Learn more at www.autostoresystem.com.

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

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