8 September 2026



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE 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.

Funds associated with Thomas H. Lee Partners, L.P. ("THL") announce the launch
of a potential sale of approximately 103 million shares (the "Sale") of
AutoStore Holdings Ltd (the "Company" or "AutoStore") through an accelerated
bookbuilding process to eligible institutional and other professional investors.

The Sale corresponds to approximately 3.0% of the total issued and outstanding
shares in AutoStore. The Sale would represent the selldown of approximately
10.8% of THL's stake in AutoStore. 

The accelerated bookbuilding process will start immediately following this
announcement. The sale price as well as the total number of shares sold will be
announced upon completion of the Sale, which is expected prior to market opening
on 9 September 2026. THL may, at its sole discretion, extend or shorten the
bookbuilding period at any time and for any reason without notice. If the
bookbuilding period is extended or shortened, the other dates referred to herein
might be changed accordingly. The settlement of the Sale will be conducted on a
normal delivery-versus-payment basis (DVP T+2). 

Following the settlement of the Sale, THL expects to hold approximately 853
million AutoStore shares, equivalent to approximately 24.9% of the Company's
issued and outstanding share capital.

In the context of the Sale, THL has agreed to enter into a lock-up agreement
with the Managers in respect of its remaining AutoStore shares for a period of
90 calendar days from the settlement date of the Sale, subject to certain
exceptions or waiver by the Managers.

THL is represented on the board of directors of the Company by James C. Carlisle
(chair of the AutoStore board of directors) and Kevin Mok (AutoStore board
member), both of whom are considered closely associated with THL. 

ABG Sundal Collier ASA and Citigroup Global Markets Limited are acting as Joint
Global Coordinators and Joint Bookrunners in the Sale (together, the
"Managers"). Moelis & Company UK LLP is acting as independent financial advisor
in relation to the Sale (the "Independent Financial Advisor"). Kirkland & Ellis
International LLP is acting as international legal counsel to THL.

This information is considered to include inside information pursuant to Article
7 of the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to section 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 in Australia, Canada, Hong
Kong, Japan, the United States of America (including its territories and
possessions, any state of the United States of America and the District 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 the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.

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 the United Kingdom who are (i) "qualified investors" within the meaning of
paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading
Regulations 2024 (the "POATRs") and are also (ii) persons who (a) have
professional experience in matters relating to investments and who fall within
the definition of "investment professionals" in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the
"Order"), (b) are high net worth entities falling within Article 49(2)(a) to (d)
of the Order, or (c) are other persons to whom it may otherwise lawfully be
communicated (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 are reasonable, 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 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.

None of the Managers, the Independent 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 Managers and the Independent Financial Advisor are acting exclusively for
THL and no-one else in connection with the Sale and will not regard any other
person as their respective client in relation to the Sale and will not be
responsible to anyone other than THL for providing the protections afforded to
their respective clients.

In connection with the Sale, the Managers and their respective affiliates may
take up a portion of the shares offered in the Sale as a principal position and
in that capacity may retain, purchase, sell, offer to sell for their own
accounts such shares and other securities of the Company or related investments
in connection with the Sale or otherwise. In addition, the Managers and their
respective affiliates may enter into financing arrangements (including swaps or
contracts for differences) with investors in connection with which the Managers
and their respective affiliates may from time to time acquire, hold or dispose
of shares of the Company. The Managers do not intend to disclose the extent of
any such investment or transaction, 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 Managers, the Independent Financial Advisor
nor any of their respective affiliates accepts any liability arising from the
use of this announcement.
not be relied upon as a guide\
to future performance. None of the Managers\, the Independent Financial Advisor\
nor any of their respective affiliates accepts any liability arising from the\
use of this announcement.\