On October 31, 2022, employees in Airthings ASA ("the Company") have exercised
983 200 options. The options had an average strike price of NOK 1.3044. Each
share option corresponds to one share. 

Pursuant to authorization granted by the Company's annual general meeting, the
board of directors has resolved to increase the Company's share capital by NOK 9
832.00 through the issuance of 983 200 new shares of par value NOK 0.01.
Following this increase, the Company's share capital is NOK 1 739 923.46 divided
into 173 992 346 shares outstanding, each with a nominal value of NOK 0.01. In
utilizing its authorization, the board of directors has resolved to set aside
existing shareholders' pre-emptive rights to subscribe the new shares in order
to satisfy the Company's obligations under its option program.

Options exercised by related party of primary insider October 31, 2022, are the
following:

Anlaug Underdal has exercised 5 000 options, corresponding to 5 000 shares at
the strike price of NOK 0.70. After exercising options, Anlaug Underdal holds 56
000 shares and 75 800 unexercised options in the Company. 

For more information, please contact: 

Jeremy Gerst, CFO 
+47 455 11 103
jeremy.gerst@airthings.com

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