AutoStore Holdings Ltd. - UK judgment has no impact on AutoStore's business

30 Mar 2023 18:37 CEST

Nedre Vats, 30 March 2023. AutoStore Holdings Ltd. ("AutoStore", OSE ticker code
"AUTO") filed claims against Ocado in the UK arguing that Ocado infringed
AutoStore's patents. Today, the UK High Court dismissed AutoStore's patent
infringement case heard in March/April 2022. This decision has no impact on
AutoStore's business or operations.

AutoStore disagrees with the Court's decision, especially given that the
Technical Boards of Appeal of the European Patent Office upheld one of the
patents in issue as valid just a few weeks ago.

Contacts

For further queries, please contact:

Hiva Flåskjer, Vice President Investor Relations and Norwegian media:

+47 958 66 790

hiva.flaskjer@autostoresystem.com

Tim Danaher (UK)

+44 (0) 207 404 5959

AutoStore@brunswickgroup.com

AutoStore International media:

Emma Schultz (USA)

+1 646 644 8095

AutoStore@brunswickgroup.com

About AutoStore

AutoStoreT, founded in 1996, is a technology company that develops order
-fulfillment solutions to help businesses achieve efficiency gains within the
storage and retrieval of goods. The company offers both hardware and software
capabilities and the AutoStore technology is interoperable with other third
-party solutions. AutoStore is global, with +1,150 Systems in 49 countries. All
sales are distributed, designed, installed, and serviced by a network of
qualified system integrators referred to as "partners". AutoStore was founded in
Nedre Vats, in the west coast of Norway. The company has offices in Norway, the
U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia,
and Singapore, as well as a facility in Poland.

For more information about AutoStore, see www.autostoresystem.com.

Forward looking statements

This announcement includes forward-looking statements which include statements
regarding the Company's business strategy, financial condition, profitability,
results of operations and market data, as well as other statements that are not
historical facts. Words such as "believe," "anticipate," "plan," "expect,"
"target," "estimate," "project," "predict," "forecast," "guideline," "should,"
"aim," "continue," "could," "guidance," "may," "potential," "will," as well as
similar expressions and the negative of such expressions are intended to
identify forward-looking statements, but are not the exclusive means of
identifying these statements. By their nature, forward-looking statements are
subject to numerous factors, risks and uncertainties that could cause actual
outcomes and results to be materially different from those projected. Readers
are cautioned not to place undue reliance on these forward-looking statements.
Except for any ongoing obligation to disclose material information as required
by the applicable law, the Company does not have any intention or obligation to
publicly update or revise any forward-looking statements after it distributes
this announcement, whether to reflect any future events or circumstances or
otherwise.

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