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Imagine Memory Everywhere Thin Film Electronics ASA (Thinfilm): A Smarter Everyday Powered by Printed Electronics Bringing Intelligence To Everything Thinfilm Roadshow October 2013 The $100bn Market Gap Penetration of electronic

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SLIDE 1

Imagine Memory Everywhere™

Thin Film Electronics ASA (“Thinfilm”):

A Smarter Everyday Powered by Printed Electronics

Bringing Intelligence To Everything

Thinfilm Roadshow October 2013

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SLIDE 2

Imagine Memory Everywhere™

The $100bn Market Gap

60 million

[# cars sold in 2012] 1 Global semiconductor market (2012) Source: IDC; Gartner; World Bank; IMF; The Semiconductor Industry Association ; OICA; IC Insight; MarketLine; Apparel Market; Planet Forward

2.3 billion

[# computing /mobile devices sold in 2012]

15 billion

[# microcontrollers sold in 2012]

80 billion

[# apparel items sold in 2012]

5-10 trillion

[# disposable items sold in 2012]

Value of embedded electronic intelligence1:

$315bn

[~21% of retail value]

Penetration of electronic intelligence in physical objects

Existing market The market gap

Value potential of adding intelligence:

$100bn

[~1% of retail value]

hasn’t this gap been addressed?

  • Cost of silicon and integration
  • Lack of scalability for conventional

electronics Bringing intelligence to everything

Why

A Smarter Everyday

A new paradigm needed to create the

Internet of Everything

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SLIDE 3

Imagine Memory Everywhere™

Printing electronics breaks the cost & scalability barriers

Memory Labels Near-field Smart Labels

Silicon EEProm 6.5₵ Printed Memory 2₵ - 5₵ Silicon Sensor System $11+ Printed Sensor System 30₵ - 50₵ Silicon sensor systems w/ wireless communication $25+ Printed Sensor Label w/ near- field read 50₵ - $1.00 Current Product: Q3 2013 Scale-up Current Development (2014) Extend Next Step (2016) Create

Sensor & Display Labels Memory Labels

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SLIDE 4

Imagine Memory Everywhere™

Printing electronics breaks the cost & scalability barriers

Memory Labels Near-field Smart Labels

Silicon EEProm 6.5₵ Printed Memory 2₵ - 5₵ Silicon Sensor System $11+ Printed Sensor System 30₵ - 50₵ Silicon sensor systems w/ wireless communication $25+ Printed Sensor Label w/ near- field read 50₵ - $1.00 Current Product: Q3 2013 Scale-up Current Development (2014) Extend Next Step (2016) Create

Sensor & Display Labels Memory Labels

“the companies changing the mobile landscape in the most profound ways” Mobile 15 2012

Near-field communication catalyzes the

Internet of Everything

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SLIDE 5

Imagine Memory Everywhere™

Commercial deals validate vision; Megatrends accelerate it

Agreements with Fortune 1000 companies

Consumer Goods ID & Smart Labels

  • Top 2 global Toys & Games
  • Monopoly, Trivial Pursuit &

Scrabble

  • Global fast-moving consumer

goods company

  • Sales > $50bn
  • Global leader in flexible packaging
  • (~200bn packages/year)
  • Major company in high-value

identification

“Our agreement with Thinfilm could make printed electronics a component of every package we manufacture.” Henry Theisen, CEO, Bemis

“Internet of Everything’ is an exponential proxy for sensing, understanding and managing our world.

Dave Evans, Chief Futurist, Cisco Systems

Connected objects by 2020: Cisco – 50 Billion; IBM – 1 Trillion 1 in 3 Mobile Phones with NFC by 2017; 300% growth in 2012 Printed Electronics $40-$50Billion market by 2020—IDTechEx

Megatrends acceleration

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SLIDE 6

Imagine Memory Everywhere™

Thinfilm Uniquely Positioned to Deliver Commercial Value

“Thinfilm’s announcement of high volume production is the latest validation point for the commercialization of printed electronic devices.” Michael Palma, IDC

Memory + Logic: Extensible platform for printed integrated systems Strong ecosystem to deliver complete product

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SLIDE 7

Imagine Memory Everywhere™

Integrated systems ahead of schedule

BIPP Target Specifications

 Printed Memory  Electrodes for incorporating resistive sensor  Printed Logic for reading sensor  Printed Logic to write to memory  In-label power source  Optional display read-out  Wireless read via near-field RF

Electrodes for addition

  • f

sensor ink Memory

July 2012

Concept Illustration

October 2013

Major logic blocks demonstrated for closed systems Demonstrated December 2012 – October 2013

 Printed Memory  Resistive Temperature sensor  Printed Logic for reading sensor data  Printed Logic to write to memory  Integrated battery power source  Printed display (w/ organic display driver)  Wireless development next step for 2014

Imagine Memory Everywhere™

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SLIDE 8

Imagine Memory Everywhere™

Addressable Market of $20-25bn

Application 5-10 1-1.5 Personal health care Dynamic price display Interactive packaging 2-5 Monitoring of perishable goods 1-2 Market size ($ bn) 2-5 Anti-theft/ brand protection 2 Logistics NFC & "Internet

  • f Everything"

10+

Thinfilm Tags

Devices Software Cloud

~40k <1mm ~2bn Trillions

Attractive

  • pportunities

for partners

to create value in systems and solutions

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SLIDE 9

Imagine Memory Everywhere™

Application Example: Brand Protection

Memory Labels Leverages unique properties

  • f Thinfilm Memory

Commercial contract with FMCG company $79 Billion Market 2014 9% CAGR

Thinfilm Positioning

Price HIGH LOW LOW HIGH Security/ Ease of use RFID Taggants Holograms Watermarks Bar codes

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SLIDE 10

Imagine Memory Everywhere™

Thinfilm Brand Protection

Authentic Not authentic Measuring…

Simple Conclusive Impossible to reverse engineer

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SLIDE 11

Imagine Memory Everywhere™

Application Example: Time-Temperature Sensor Label

Sensor & Display Labels Temperature Monitoring for Perishable Goods $1.4 Billion in 2010 9% CAGR 500,000,000 color changing labels sold per year

Thinfilm Positioning

Low High Low Cost per function System performance High

Sweet-spot

Data Loggers & Alarm Tags Simple Tracker Color changing labels

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SLIDE 12

Imagine Memory Everywhere™

NFC S&D # labels sold (millions) 5 1,400 11,000

9 2014 300 2016 2020 1,500

Brand Protection Labels

Key driver Market estimate USDbn Market share 2020

Revenue Target of $1.5bn By 2020

Thinfilm revenue projections, 2014-2020; USD millions

Replacing holograms with more secure alternative Near-field systems will catalyze the Internet of Everything Disposable electronics in sensor and display labels

10+ 10-15 5

8-10% 4-5% 15-20%

Systems 100 5,000 24,000 Systems BP GM BE 40% 60%

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SLIDE 13

Imagine Memory Everywhere™

28 USDm cash position post Q3 financing

► Positive operational cash expected in

2016

► Capex in 2014 - 2016 dependent on JV

and licensing partners

► Outstanding warrants may provide the

Company with an additional 23 USDm in 2014 – 2016

► Forecast model for 2014 – 2016 based

  • n expected share of production of

partners

[USDm] 2012 2013 2014 2015 2016

Revenues 1 2 9 60 300 Operational cash

  • 7
  • 7
  • 8
  • 12

40 Capex

  • 3
  • 12
  • 18
  • 15

Net Cash Flow

  • 7
  • 10
  • 20
  • 30

25 Cash start of year 1 6 23 3

  • 27

Financing 11 27 Cash end of year 6 23 3

  • 27
  • 2

23 29 5 Q2 cash Q3 financing Cash post Q3 financing

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SLIDE 14

Imagine Memory Everywhere™

Award Winning Technology Portfolio

►2012 Wall Street Journal Innovation Awards ►2012 World Technology Award, sponsored by

CNN, Time, Science, and Technology Review

►2012 IDTechEx Product Development (#1

consulting firm in Printed Electronics)

►2012 FlexTech Innovation Award (US National

Consortium on Printed and Flexible Electronics)

►2010 Frost & Sullivan Product Development ►2009 IDTechEx Manufacturing Award

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SLIDE 15

Imagine Memory Everywhere™

APPENDIX

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SLIDE 16

Imagine Memory Everywhere™

International Footprint; Installed Manufacturing Capacity

Kroenert R2R printer: 200 million units per year of memory Ohio GT gravure printer: 50 million units of logic Chemistry and Print Laboratory

Tokyo (Sales) US San Francisco (Sales) Norway Sweden Oslo (HQ, Sales) Linköping (Production and R&D) Korea

Pyoungtaek (production at InkTec)

Japan

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SLIDE 17

Imagine Memory Everywhere™

THIN.OL (Oslo Axess) – Mcap 380 USDm

Jul-13 Jan-13 2.0 1.0 May-13 Nov-12 Mar-13 5.0 6.0 4.0 3.0 Sep-13 Nov-13

THIN share price 12 months [NOK]

Jan-13 0.0 5.0 2.0 6.0 3.0 4.0 1.0 Jan-12 Jan-10 Jan-14 Jan-11 Jan-09

THIN share price 5 years [NOK] Top 20 Shareholders

Name of shareholder Number of shares Share [%]

INVESCO PERP HIGH IN BNY MELLON SA/NV 56 000 000 13.2 % EUROCLEAR BANK S.A./ 25% CLIENTS 54 449 163 12.9 % ASAH AS 25 500 000 6.0 % SIMPSON FINANCIAL LT 17 123 940 4.0 % AS HOLDING AS 14 734 247 3.5 % HÅVI AS 14 708 100 3.5 % MP PENSJON PK 11 354 165 2.7 % DUKAT AS 10 080 000 2.4 % ALDEN AS 9 890 000 2.3 % FOOD INTERNATIONAL L 9 131 162 2.2 % FORSLAND RUNAR 8 268 795 2.0 % SOLON AS 8 170 000 1.9 % GPR TECHNOLOGY FUND 6 902 974 1.6 % STOREBRAND VEKST JPMORGAN EUROPE LTD, 6 246 419 1.5 % CHARLES STREET INTER C/O MOLARD FINANCIAL 5 728 174 1.4 % FESTVÅG AS 5 565 448 1.3 % FOOD INTERNATIONAL L 5 250 698 1.2 % MARITIM KOMPETANSE A 5 100 000 1.2 % HYSON LIMITED 3 788 116 0.9 % STATOIL PENSJON C/O JP MORGAN CHASE 3 683 874 0.9 % Other

141 445 117

33.4 % Total shares outstanding 423 120 392 100.0 %

Partner investor PARC holds 2.4 mln shares

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SLIDE 18

Imagine Memory Everywhere™

Seasoned management team; Board of Directors and Technology Advisors with unique experience and expertise

Board of Directors

Morten Opstad, Chairman of Board Partner and chairman of law firm Ræder, Chairman of several tech companies

  • Dr. Rita Glenne

R&D and production experience Margareta Josefsson Research and product development experience Rolf Åberg Former Thinfilm CEO, general management experience Preeti Mardia Electronics and semi-conductor scale-up experience Tor Mesøy Former partner at McKinsey and Accenture

Technology Advisory Council

Professor Ana Claudia Arias Printed Electronics research experience from UC Berkley, PARC and Plastic Logic Professor Magnus Berggren Research experience from Organic Electronics from University of Linköping Professor Donald Lupo Organic Electronics research experience from ETH, Hoechst, Sony and NTera

Management Team

Davor Sutija, CEO General management experience from Microsoft, Fast Search and Transfer, REC; board experience from high-tech companies John Afzelius-Jenevall, CFO Formerly VP, Corporate Development of Orkla; Strategy, Business Development & M&A and financial experience from Catella and Nordea

  • Dr. Christer Karlsson, CTO

Research and Project Management experience from the National Defence Research Establishment Jennifer Ernst, Executive Vice President, Sales and Bus. Development Printed Electronics Business development experience from PARC, a Xerox company

  • Dr. Peter Fischer, Chief Product Officer

Commercialization and scale-up experience from Printed Electronics. Currently CTO Plastic Logic, joining Thinfilm later this year