Autostore Holding Ltd: Rotation and appointment of board members

05 Aug 2025 20:54 CEST

(Nedre Vats, 5 August 2025): AutoStore Holdings Ltd (the "Company" or
"AutoStore", OSE: AUTO) announces that the Company's shareholder SoftBank has
decided to appoint Angela Du as a new member of the Board of Directors with
effect from 5 August 2025. Angela will replace Andreas Hansson, who is stepping
down from his role as a SoftBank-appointed board member. The nomination
committee will propose that Andreas Hansson is elected as an independent board
member at a special general meeting during the fall of 2025.

Further, the Company's shareholder Thomas H. Lee Advisors LLC. ("THL") has
resolved to appoint Kevin Mok as a new member of the Board of Directors with
effect from 5 August 2025. Kevin Mok will replace Michael K. Kaczmarek, who has
left his position with THL.

Co-chair of the Board of Directors, Jim Carlisle, expresses gratitude to Andreas
Hansson and Michael K. Kaczmarek for their valuable contributions, and welcomes
the new appointments.

Following the rotation, the composition of the Board of Directors remains
unchanged in terms of its overall structure, and continues to constitute a
quorum. Please find biography details on the new board members below.

Angela Du

Partner, SoftBank Investment Advisers

Angela Du is a Partner at SoftBank Investment Advisers, where she works with
entrepreneurs, helps build companies, and advises growth businesses. Prior to
joining SoftBank in 2018, Du worked at Goldman Sachs as an Investment Banking
Analyst, at the Texas Pacific Group as an Associate, Strategic Initiatives /
Product Manager for Rent.com and as a Senior Research Analyst at Parnassus
Investments across private and public asset classes. She attended Standford
University and holds an M.B.A. from Wharton.

Kevin Mok

Vice President, Thomas H. Lee Partners Advisors LLC.

Kevin Mok is a Vice President at THL, focused on making investments in
industrial automation companies. Prior to joining THL in 2019, Mok worked at
Goldman Sachs, advising technology companies. Mok holds a Bachelor's Degree in
finance / mathematics from Boston College, where he graduated summa cum laude.

For further information, please contact:

Hiva Flåskjer, Senior Vice President Investor Relations

Telephone: +47 958 66 790 | Email: hiva.flaskjer@autostoresystem.com

About AutoStore | www.autostoresystem.com

AutoStore, 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 ~1,700 Systems in 58 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, on 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 assembly facilities in Poland and Thailand.

More information:
Access the news on Oslo Bors NewsWeb site