NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES ,AUSTRALIA ,CANADA ,HONG KONG ,JAPAN OR ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. Reference is made to the announcement made on15 February 2024 whereby funds associated withThomas H. Lee Partners LP ("THL") announced a potential block sale of approximately 177 million ordinary shares inAutoStore Holdings Ltd. ("AutoStore " or the "Company") through an accelerated bookbuilding process to eligible institutional and other professional investors. THL announces that the offering (the "Offering") of 5.2% of the existing shares inAutoStore has been successfully completed atNOK 17.848 per share, totaling approximatelyUSD 300 million of proceeds. A total of 177,119,135 ordinary shares inAutoStore were sold. As a result, the free float in the Company will increase from approximately 26.4% to approximately 31.5% ofAutoStore's issued and outstanding shares. The settlement in the Offering will be conducted on a normal delivery-versus-payment basis (DVP T+2). In connection with the Offering, THL has entered into a lock-up commitment with the Joint Bookrunners on the remaining shares in the Company held by THL after the Offering for the period ending 90 calendar days after20 February 2024 . Following completion of the Offering, funds managed by THL decreases their aggregated holding of shares inAutoStore from 1,133,350,367 shares to 956,231,232 shares, representing a decrease from approximately 33.06% to approximately 27.8% of the issued and outstanding shares and votes in the Company. Neither THL nor any of the funds have any other rights to shares issued by the Company. THL is represented at the board of directors of the Company by and considered closely associated withJames C. Carlisle (chair of theAutoStore board of directors) andMichael M. Kaczmarek (AutoStore board member). Notifications for transactions by close associates are enclosed to this announcement.Citigroup Global Markets Limited ("Citigroup") is acting as Sole Global Coordinator in the Offering, while Carnegie is acting as Joint Bookrunner (together withCitigroup Global Markets Limited , the "Joint Bookrunners").Moelis & Company UK LLP is acting as financial advisor in relation to the Offering (the "Financial Advisor").Advokatfirmaet Thommessen AS is acting as the Norwegian legal counsel to THL.Kirkland & Ellis International LLP is acting as international legal counsel to THL.Milbank LLP is acting as international legal counsel to the Joint Bookrunners. This announcement is made in accordance in article 19 of the EU Market Abuse Regulation and sections 4-2 and 5-12 of the Norwegian Securities Trading Act. Important Notices This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase or subscribe for, any securities of the Company. This announcement is not for distribution inAustralia ,Canada , theHong Kong special administrative region ofthe People's Republic of China ,Japan ,the United States of America (including its territories and possessions, any state ofthe United States of America and theDistrict of Columbia ) or any other jurisdiction where such distribution would be unlawful. The information in this announcement does not constitute an offer of securities for sale in such jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The securities referred to in this announcement have not been and will not be registered under theU.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold inthe United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicableU.S. state securities laws. The Company does not intend to register any part of the offering or its securities inthe United States or to conduct a public offering of securities inthe United States . In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "Prospectus Regulation" means Regulation (EU) 2017/1129 as amended together with any applicable implementing measures in any Member State. This communication is only being distributed to and is only directed at persons in theUnited Kingdom that are "qualified investors" within the meaning of the Prospectus Regulation as it forms part of English law by virtue of theEuropean Union (Withdrawal) Act 2018 and that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although THL believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. 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, THL 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. Neither of the Joint Bookrunners, the Financial Advisor nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein. Each of the Joint Bookrunners and the Financial Advisor are acting exclusively for THL and no-one else in connection with the Offering and will not regard any other person as their respective client in relation to the Offering and will not be responsible to anyone other than THL for providing the protections afforded to their respective clients. The Joint Bookrunners and their respective affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which the Joint Bookrunners and their respective affiliates may from time to time acquire, hold or dispose of shares of the Company. The Joint Bookrunners do not intend to disclose the extent of any such investment or transactions, other than in accordance with any legal or regulatory obligations to do so. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company. The price and value of securities and any income from them can go down as well as up and you could lose your entire investment. Past performance is not a guide to future performance. Information in this announcement cannot be relied upon as a guide to future performance. None of the Joint Bookrunners, the Financial Advisor nor any of their respective affiliates accepts any liability arising from the use of this announcement.
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