Flyr BOD To Consider Alternatives For Continued Operations

Flyr AS (FLYR.OL):

• UNSUCCESSFUL ATTEMPT TO RAISE CAPITAL, THE BOARD OF DIRECTORS TO CONSIDER ALTERNATIVES FOR CONTINUED OPERATIONS

• THERE IS NO GUARANTEE THAT A SOLUTION THAT WOULD CREATE A MEANINGFUL SHAREHOLDER VALUE FOR CURRENT SHAREHOLDERS WILL BE FOUND

• MANAGERS OF COMNTEPLATED RIGHTS ISSUE OF UP TO NOK 330 MILLION HAVE NOT YET BEEN ABLE TO RAISE SUFFICIENT MARKET UNDERWRITING

• MARKET CONDITIONS, CONTINUED UNCERTAINTY WITH REGARDS TO AIRLINE TRAVEL AND EARNINGS THROUGH 2023 HAVE DETERRED INVESTORS FROM COMMITTING CAPITAL

• IS NOW IN A CRITICAL SHORT TERM LIQUIDITY SITUATION