THIN - Warrants B exercise

Thin Film Electronics ASA ("Thinfilm") issued two Warrants for every share
subscribed for and issued to the subscribers in the private placement completed
in October 2010 (total of 23,314,000 shares were issued). The first warrant
("Warrant A") was exercisable in the period 3 to 14 October 2011 at an exercise
price per share of NOK 0.90. The second warrant ("Warrant B") was exercisable in
the period 1 to 12 October 2012 at an exercise price per share of NOK 1.00;
provided, however, that the corresponding Warrants A were exercised in the
exercise period 3 to 14 October 2011.

Thinfilm has received notice of exercise of 23,064,000 Warrants B (100% of the
exercisable Warrants B), thereby raising approximately NOK 23.1 million in new
capital. The payment deadline is 26 October 2012. Following completion of the
Warrants B exercise, Thinfilm's share capital will amount to NOK 38,909,903.12
representing 353,726,392 shares at NOK 0.11 par value per share. 12,500,000
Warrants remain outstanding (issued in connection with the private placement
resolved by the board 12 March 2012), exercisable in the period 11 to 22 March
2013 at an exercise price per share of NOK 2.20.

15 October 2012
Thin Film Electronics ASA

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


[HUG#1648776]