Flyr AS Mandatory notification of trade

Reference is made to the stock exchange notice by Flyr AS (the "Company") on 5 May 2022 regarding the successfully placed private placement of 208,333,333 new shares in the Company (the "Private Placement"). The following close associate of a primary insiders in the Company were allocated shares in the Private Placement: · Ojada AS, a company closely associated with Erik G. Braathen, the chairman of the Board of Directors, was allocated 12,500,000 shares. Subject to issuance of the shares in the private placement, Ojada AS will hold 53,815,719 shares in the Company. In addition, Ojada AS has entered into a share lending agreement pursuant to which the managers in the private placement will borrow 29,787,349 shares for settlement purposes. Primary insider notifications pursuant to the Market Abuse Regulation article 19 are attached to this release and can be downloaded from www.newsweb.no. For further information, please contact: Brede Huser, Chief Financial Officer Phone: +47 99 16 99 74 Email: brede.huser@flyr.com This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act section 5-12.