Company Announcements

Reference is made to the announcement by Thin Film Electronics ASA (the “Company”) on 20 May 2020 regarding the Extraordinary General Meeting on such date and the resolution to complete a private placement of 227,272,727 shares. The share capital increase associated with the private placement has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 32,089,823.15 divided into 291,725,665 shares, each share having a par value of NOK 0.11. The new shares will be admitted to trading on Oslo Børs once the Company has published a listing prospectus.

Thinfilm is Energizing Innovation(TM) with ultrathin, flexible, and safe energy storage solutions for wearable devices, connected sensors, and beyond. Thinfilm's innovative solid-state lithium battery (SSLB) technology is uniquely positioned to enable the production of powerful, lightweight, and cost-effective rechargeable batteries for diverse applications. The company's state-of-the-art flexible electronics manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of SSLB technology to established and expanding markets. Thin Film Electronics ASA is a publicly listed company in Norway with corporate headquarters in Oslo and global headquarters in San Jose, California.

Contact: Kevin Barber - Chief Executive Officer, e-mail: kevin.barber@thinfilmsystems.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.