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Regulatory press release

Thin Film Electronics ASA – Registration of Share Capital Increase

Reference is made to the announcement by Thin Film Electronics ASA on 14 May 2020 regarding a private placement of 5,859,357 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 7,089,823.18 divided into 64,452,938 shares, each share having a par value of NOK 0.11.

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Thinfilm is Energizing InnovationTM 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.

Contacts:

Kevin Barber – Chief Executive Officer
Email: kevin.barber@thinfilmsystems.com
Tel: +1 408 503 7306

Mallorie Burak – Chief Financial Officer
Email: mallorie.burak@thinfilmsystems.com
Tel: +1 408 503 7312

18 May 2020

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

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