NEXT Biometrics Group ASA — AGM Information 2018

Apr 13, 2018

Minutes from Extraordinary General Meeting in NEXT Biometrics Group ASA

Minutes from Extraordinary General Meeting in NEXT Biometrics Group ASA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Minutes from Extraordinary General Meeting in NEXT Biometrics Group ASA

The Extraordinary General Meeting in NEXT Biometrics Group ASA was held on April 13, 2018 at the premises of Advokatfirmaet Thommessen AS in Haakon VIIs gate 10, 0601 Oslo Norway.

5.567.791 of a total of 18,020,480 shares and votes were represented, or approximately 39.90% of the share capital.

The general meeting resolved to issue 1,219,142 new shares (tranche 2 of the private placement) and the authorization to the board of directors to increase the share capital in accordance with the proposals from the Board of Directors (see attached minutes).

The minutes can also be found on https://www.nextbiometrics.com/investors/general-meetings/

About NEXT Biometrics

NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company's patented NEXT Active Thermal principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Silicon Valley, Taipei, Prague and Shanghai.

For additional information, please contact:

Investor Relations:

Ritu Favre (CEO), Ritu.Favre@NEXTbiometrics.com

Knut Stålen (CFO), Knut.Stalen@NEXTbiometrics.com

Media:

Tom Beermann, tom.beermann@NEXTbiometrics.com

IMPORTANT NOTICE:

This announcement is not and does not form a part of any offer for sale of securities.

Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any offering of the securities referred to in this announcement will be made by means of a prospectus.

This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive"). Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus. In any EEA Member State other than Norway that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.

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The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.