https://newsweb.oslobors.no/message/509716

The first warrant ("Warrant A") has an exercise price of NOK 0.11 per share and is exercisable at any time from the date of grant
until 31 December 2020.

The second warrant ("Warrant B") has an exercise price of NOK 0.25 per share and is exercisable at any time from the date of grant
until 20 August 2021.


The following is the procedure connected to the exercise of Warrants A and/or Warrants B in Thinfilm:

1. Notice of exercise ("Notice") must be submitted by the Warrant holder (the "Holder")
in writing (email) to warrants@thinfilmsystems.com

2. The Notice must specify (i) the number of Warrants exercised, (ii) whether
the notice relates to Warrants A and/or Warrants B, (iii) the aggregate exercise
price to be paid; (iv) the holder's VPS account to which the new shares shall be
issued; and (v) the contact information for the Holder, including full name,
organization number (if a legal entity) or personal ID number (if an individual),
address, telephone number and e-mail address. A template of the Notice is
attached to this stock exchange announcement.
https://ml-eu.globenewswire.com/Resource/Download/fa5c3f43-b9fb-4b61-b337-d0e8d88a546f

3. An acknowledgement of receipt of the Notice will be submitted by Thinfilm to
the Holder.

4. The Board of Directors of Thinfilm will approve the share capital increase
associated with the Warrant exercise ("Board Approval").

5. The aggregate Warrant exercise price shall be paid by the Holder to:
Account number: 1644 33 79537;
Name: Thin Film Electronics ASA; IBAN: NO04 1644 3379 537;
BIC (SWIFT): DNBANOKKXXX; Bank: DNB Bank ASA.

6. Thinfilm will register the share capital increase with the Norwegian Register
of Business Enterprises ("Registration"); and deliver the new shares to the
Holder in the VPS.

7. NOTE that Thinfilm reserves the right to undertake Board Approval and
Registration in connection with Warrant exercises no more than once every 14
calendar days. NOTE also that the Registration will be handled in the ordinary
course, without any request for expedited handling to the Register of Business
Enterprises.

8. The Holder will be responsible for ensuring compliance with any applicable
disclosure obligations for large shareholders (Nw.: Flaggeplikt) in accordance
with Section 4-3 of the Securities Trading Act.

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