AutoStore Holdings Ltd. - AutoStore Intends to Appeal ITC Decision to U.S. Court of Appeals; UK trial to begin 15 March as AutoStore strengthens case on key patents

Nedre Vats, 10 March 2022. AutoStore Holdings Ltd. ("AutoStore" or the
"Company", OSE ticker code "AUTO") today announced that it intends to appeal to
the U.S. Court of Appeals for the Federal Circuit the decision of the
International Trade Commission ("ITC") in the case AutoStore brought against
Ocado Group plc and certain of its affiliates ("Ocado") concerning the Ocado
Smart Platform ("OSP"). The Commission today affirmed the initial decision by
Judge Charles Bullock on 13 December 2021, which found that despite Ocado's
infringement of the patents asserted by AutoStore, those patents were invalid.

The outcome of these proceedings has no effect on AutoStore's global
operations. As the pioneer of cube storage automation, AutoStore has secured
hundreds of patents since its founding and continues to develop the next
generation of robots and solutions to remain the technology leader in this
space.

As previously disclosed, the initial determination found that although Ocado's
OSP infringes on three of AutoStore's patents, these patents were invalid based
on a narrow legal issue. The initial determination also rejected Ocado's
assertion that the patents are unenforceable due to inequitable conduct or
equitable estoppel.

Separately, the substantive hearing of AutoStore's patent infringement claim
against Ocado in the UK High Court begins on Tuesday 15 March 2022. AutoStore
launched this infringement claim in October 2020. The trial is set to last four
weeks in total, with the initial part of the hearing scheduled for 15 to 22
March.

As communicated on 24 January 2022, AutoStore sharpened its action in the UK
proceedings to focus on three particular patents, known collectively as its
"Central Cavity Patents," to further strengthen its UK infringement case against
Ocado. AutoStore has also since added and asserted at least one additional
patent against Ocado which will be the subject of a further trial to be heard in
April 2023.

Having done that, AutoStore will discontinue an appeal in the European Patent
Office (EPO) against a first instance decision of the EPO in March 2021 in
relation to one of its patents (EP 847) because that patent is no longer
relevant to AutoStore's UK infringement case and this step strengthens
AutoStore's case. AutoStore remains confident that it will prevail at trial in
its UK infringement action, and the decision of the ITC has no bearing on that
action.

In January 2022, the European Patent Office upheld the validity of a key
AutoStore Central Cavity Patent, the second in this patent family that the EPO
has upheld, which is part of AutoStore's ongoing infringement action in the UK.

AutoStore believes strongly in its litigation positions and will continue to
pursue them. AutoStore also continues to believe that each of the claims and
counterclaims raised by Ocado is without merit and intends to vigorously defend
against those claims. The outcome of legal proceedings is subject to uncertainty
and can be extremely difficult to predict, and AutoStore offers no assurances in
this regard.

CONTACTS

For further queries, please contact:

AutoStore Investor Relations:

Bent M. Skisaker, Chief Financial Officer

[phone]

[e-mail]

Hiva Ghiri, Vice President Investor Relations

[phone]

[e-mail]

AutoStore Norwegian media:

Geir Bjørlo

[phone]

[e-mail]

AutoStore International media:

Emma Schultz (USA)

[phone]

[e-mail]

Tim Danaher (UK)

[phone]

[e-mail]

About AutoStore

AutoStore is an innovative robotic and software technology company, and a
pioneer of cubic storage automation. The group operates in the rapidly growing
warehouse automation industry, and in the even faster growing cube storage
segment. AutoStore develops warehouse solutions for the future and helps its
customers to enable space saving and increase performance, while reducing labor
and energy costs. For more information about AutoStore,
see www.autostoresystem.com.

Forward looking statements

This announcement includes forward-looking statements which include statements
regarding the Company's business strategy, financial condition, profitability,
results of operations and market data, as well as other statements that are not
historical facts. Words such as "believe," "anticipate," "plan," "expect,"
"target," "estimate," "project," "predict," "forecast," "guideline," "should,"
"aim," "continue," "could," "guidance," "may," "potential," "will," as well as
similar expressions and the negative of such expressions are intended to
identify forward-looking statements, but are not the exclusive means of
identifying these statements. 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, the Company 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.

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