NEXT Biometrics Group ASA — Capital/Financing Update 2021

Jul 9, 2021

NEXT awarded $0.9 million in COVID-19 loan relief

NEXT awarded $0.9 million in COVID-19 loan relief

Oslo, July 9, 2021 – NEXT Biometrics (Oslo Bors: NEXT), has been granted $0.9 million in loan relief from the US Small Business Administration.

In May 2020 NEXT`s American subsidiary NEXT Biometrics Inc received a COVID-19 US government sponsored loan (Paycheck Protection Program) of approximately $1 million. The program was created by the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020 to cover payroll and help cover overhead expenses.

The loan qualifies for loan forgiveness and the US Small Business Administration has now granted $0.9 million in loan relief to NEXT Biometrics Inc. The loan relief will be booked as a reduction in other operating expenses in NEXT’s Q2 2021 report.

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, Taipei, Bengaluru and Shanghai.

NEXT Investor contact:

Peter Heuman (CEO), peter.heuman@nextbiometrics.com

Eirik Underthun (CFO), eirik.underthun@nextbiometrics.com

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Eirik Underthun, CFO at NEXT

Biometrics Group ASA, on July 9, 2021 at 09:21 CET.