Airthings ASA – Key information relating to subsequent offering

09 Sep 2025 10:08 CEST

Oslo, 9 September 2025: Reference is made to the stock exchange notice by
Airthings ASA ("Airthings" or the "Company") on 8 September 2025 a NOK 105
million fully underwritten private placement (the "Private Placement") and
subsequent offering (the "Subsequent Offering").

To limit the dilution of existing shareholders not participating in the Private
Placement, the Board has resolved to propose that an extraordinary general
meeting in the Company expected to be held on or about 30 September 2025 (the
"EGM") gives the Board authorization to resolve the Subsequent Offering of up to
250,000,000 new shares directed towards existing shareholders as of 8 September
2025 (as registered in VPS on 10 September 2025) with less than 375,000 shares
and who were not allocated shares in the Private Placement and are not resident
in a jurisdiction where such offering would be unlawful or would (in
jurisdictions other than Norway) require any prospectus, filing, registration or
similar action (the "Eligible Shareholders").

The subscription price in the Subsequent Offering will be equal to the offer
price in the Private Placement, NOK 0.10 per share (the "Subscription Price").
Oversubscription and subscription without subscriptions rights will not be
allowed.

The Subsequent Offering is subject to (i) completion of the Private Placement,
including registration of the share capital increase; (ii) approval by the EGM
to authorize the Board to issue new shares in the Subsequent Offering and the
Board resolving a share capital increase to issue these new shares and (iii) the
publication of an offering prospectus pertaining to the Subsequent Offering. The
Board may decide that the Subsequent Offering will not be carried out if the
Company's shares trade at or below the subscription price in the Subsequent
Offering (i.e. the Subscription Price) at sufficient volumes.

In accordance with the continuing obligations of companies listed on Euronext
Oslo Børs, the following key information is given with respect to the Subsequent
Offering:

Date on which the terms and conditions of the Subsequent Offering were
announced: 8 September 2025
Last day including right to receive subscription rights: 8 September 2025
Ex-date: 9 September 2025
Record Date: 10 September 2025
Date of approval: On or about 30 September 2025 (date of extraordinary general
meeting expected to authorize the Company`s board of directors to issue shares
in the Subsequent Offering)
Maximum number of new shares: 250,000,000
Subscription price: NOK 0.10

For additional information or media requests, please contact:

Helge Øien, interim CEO
ir@airthings.com

This information is published in accordance with the requirements of the
Continuing Obligations set out in Rule Book - Part II.

More information:
Access the news on Oslo Bors NewsWeb site