NEXT Biometrics Group ASA — Capital/Financing Update 2014

May 26, 2014

FOXCONN invests in NEXT Biometrics

FOXCONN invests in NEXT Biometrics

NEXT BIOMETRICS signs strategic level cooperation with FOXCONN,

the world´s largest manufacturing services provider. The parties have

agreed that FOXCONN will invest in the upcoming NEXT IPO, and will

also, for the benefit of FOXCONN clients, explore opportunities for use

of NEXT technology within a wide range of key FOXCONN business

areas.

NEXT intends to raise new equity through an initial public offering

(IPO) with a subsequent listing on Oslo Stock Exchange. FOXCONN

supports the planned IPO by subscribing shares for NOK 30 million, at

the final IPO share price. FOXCONN will have the right to further

investments of up to NOK 30 million. To fully earn this right, the

agreement requires FOXCONN Group purchases of a significant

volume of sensors over the coming three years.

Further, NEXT and FOXCONN have signed a non-binding

memorandum of understanding defining a long list of business areas

in which the parties and their respective group companies will explore

opportunities for industrial synergies.

NEXT Biometrics CEO, Tore Etholm-Idsøe, voices the feelings of both

board of directors and employees in the company. - "Being the

world leader in it´s field, FOXCONN must have followed the emerging

fingerprint sensor industry closely over the years. The list of

fingerprint relevant products manufactured by FOXCONN is

significant. Therefore we are obviously extremely pleased being able

to sign such an agreement, where we have the corporate support of

FOXCONN, both financially and industrially. NEXT has now started

mass delivery of our unique fingerprint sensors. The FOXCONN deal

and the upcoming IPO will secure a strong basis for us to achieve our

2014 and 2015 targets, comments CEO Tore Etholm-Idsøe ".

The contemplated IPO will take place in June 2014. Activities

targeting integration projects under the cooperation agreement is

planned to be initiated immediately thereafter.

ABOUT NEXT BIOMETRICS

Enabled by its patented Active Thermal Principle, NEXT offers high

quality area fingerprint sensor at a fraction of the prices of

comparable competitors. A wide range of products format including

Smartphones, tablets, PC's, doors, time registration systems, payment

terminals, flashdrives, usb-tokens, keyfobs and many more are

targeted.

NEXT BIOMETRICS GROUP AS is headquartered in Oslo, Norway, with

sales, support and development subsidiaries in Seattle, Taipei and

Shanghai.

ABOUT FOXCONN

FOXCONN, headquartered in Taipei, is the world's largest electronics

contracter manufacturer, with 1,4 million employees, and is the third-

largest information technology company by revenue (USD 132 Billion).

For 11 consecutive years the company has been the largest Chinese

exporter. In 2012 FOXCONN Group`s export value was 4,9 % of total

China`s export.

Contact Information :

Investor & Press contact : Tore Etholm-Idsoe / CEO, mob + 47 922 32

439, e-mail tore.idsoe@nextbiometrics.com

Important notice:

These materials are not an offer for sale of securities.

Copies of this announcement are not being made and may not be

distributed or sent into the United States, Canada, Australia, Hong

Kong, Japan or any other jurisdiction in which such distribution would

be unlawful or would require registration or other measures.

The securities have not been registered under the U.S. Securities Act

of 1933, as amended (the "Securities Act"), and may not be offered or

sold in the United States absent registration or an exemption from the

registration requirements of the Securities Act. 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 securities will be made by means of a prospectus that

may be obtained from the issuer or selling security holder and that

will contain detailed information about the Company and

management, as well as financial statements. This document is an

advertisement and 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 document except on the

basis of information contained in the 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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(i) persons who are outside the United Kingdom or (ii) to investment

professionals falling within Article 19(5) of the Financial Services and

Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or

(iii) above together being referred to as "relevant persons"). The

securities are only available to, and any invitation, offer or agreement

to subscribe, purchase or otherwise acquire such securities will be

engaged in only with, relevant persons. Any person who is not a

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contents.

Matters discussed in this release may constitute forward-looking

statements. Forward-looking statements are statements that are not

historical facts and may be identified by words such as "believe,"

"expect," "anticipate," "intends," "estimate," "will," "may," "continue,"

"should" and similar expressions. The forward-looking statements in

this release are based upon various assumptions, many of which are

based, in turn, upon further assumptions. Although the Company

believes that these assumptions were reasonable when made, these

assumptions are inherently subject to significant known and unknown

risks, uncertainties, contingencies and other important factors which

are difficult or impossible to predict and are beyond its control. Such

risks, uncertainties, contingencies and other important factors could

cause actual events to differ materially from the expectations

expressed or implied in this release by such forward-looking

statements.

The information, opinions and forward-looking statements contained

in this release speak only as at its date, and are subject to change

without notice.

This information is subject of the disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.