IDEX Biometrics ASA — Earnings Release 2017

May 12, 2017

IDEX ASA - First quarter 2017 report

IDEX ASA - First quarter 2017 report

IDEX ASA - First quarter 2017 report

IDEX, a leading developer of advanced fingerprint solutions for mass markets,

reports revenues of NOK 6.7 million in the first quarter of 2017, up from NOK

3.6 million in the corresponding quarter in 2016.

IDEX is making significant progress on commercialisation of its sensor solution

for biometric cards. IDEX has been developing a new biometric card together with

Mastercard, and in April 2017 the next generation biometric card was unveiled to

the market. The programme has recently completed two successful end-user trials

and additional trials will be conducted over the next months. Following the

trials, the card will undergo final certification in advance of a rollout

expected later in 2017.

In parallel, IDEX launched its next generation ASIC platform for off-chip touch

sensors during the first quarter. The new sensor enabling contactless payment

cards is expected to be sampling in the second quarter of 2017 and to be ready

for production later in 2017.

In the mobile market, IDEX has continued to ship its Cardinal silicon sensor to

LG in the first quarter. The market environment and pricing for silicon-based

sensors remains highly competitive with build-up in inventories. Combined with

lower than anticipated demand for one customer's handsets, these factors have

impacted IDEX volumes.

The mobile market is evolving towards infinity displays, maximizing the viewable

area of the displays. This requires the fingerprint sensor to either move to the

back of the phone or to be integrated into the display, both representing unique

opportunities for using the IDEX off-chip sensor.

IDEX's strategy is to drive adoption of its sensor technology across three mass

markets: cards, mobile and Internet of Things (IoT). IDEX believes that the

market opportunity for biometric cards is significant. The company has long-

maintained a strong commitment and consistent focus on commercialising its

sensors in the cards market and continues to make significant investments in its

team and accelerating product development and technology innovation. More

specifically, maintaining its existing leadership position in the biometric

cards market is the company's highest priority.

Please find the first quarter 2017 report and presentation enclosed or linked at

the end of this notice.

IDEX's CEO Dr. Hemant Mardia and CFO Henrik Knudtzon will present the report and

a business review at 09:30 CEST today 12 May 2017. The presentation will include

information about the company's biometric card programme with Mastercard. The

presentation will be broadcasted live and is available at this link:

http://webtv.hegnar.no/presentation.php?webcastId=52725751

Contact:

Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idex.no

Henrik Knudtzon, CFO, +47 9302 2827, hk@idex.no

Twitter: http://www.twitter.com/idexasa

About IDEX

IDEX develops and sells advanced fingerprint sensor technology and products. The

company's technology is used in a range of biometrically enabled applications

within three core markets: Smartcards, mobile, and Internet of Things (IoT).

IDEX's addressable market represents a fast-growing multi-billion unit

opportunity.

IDEX's technology includes both the conventional silicon sensor and a unique

off-chip technology, which means that the company can offer its partners

solutions which are flexible and cost efficient.

IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the

Oslo stock exchange in 2010.

For more information, please visit www.idex.no

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.