NEXT Biometrics Group ASA — Director's Dealing 2020

May 29, 2020

NEXT BIOMETRICS GROUP ASA - ALLOCATION OF SHARES TO PRIMARY INSIDERS

NEXT BIOMETRICS GROUP ASA - ALLOCATION OF SHARES TO PRIMARY INSIDERS

Reference is made to the stock exchange announcement by NEXT Biometrics Group ASA ("NEXT" or the "Company") on 28 May 2020 regarding the successfully completed private placement of 25 million shares in the Company at a subscription price of NOK 2.00 per share, raising gross proceeds of NOK 50 million (the "Private Placement").

The following primary insiders in the Company have been allocated shares in the Private Placement:

- Aponia AS (a company controlled by the chair of the board of directors, Petter Jan Fjellstad) was allocated 750,000 shares at a subscription price of NOK 2.00 per share. Following completion of the Private Placement, Aponia

AS will hold 760,000 shares in the Company.

- Odd Harald Hauge (board member) was allocated 500,000 shares at a subscription price of NOK 2.00 per share. Following completion of the Private Placement, Odd Harald Hauge will hold 500,000 shares in the Company.

- Spurv Invest AS (a company controlled by board member Live Haukvik) was allocated 100,000 shares at a subscription price of NOK 2.00 per share. Following completion of the Private Placement, Spurv Invest AS will hold 100,000 shares in the Company.

- Emine Lundkvist (board member) was allocated 50,000 shares at a subscription price of NOK 2.00. Following completion of the Private Placement, Emine Lundkvist will hold 79,738 shares in the Company.

This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.