NEXT Biometrics Group ASA — Remuneration Information 2018

Jun 6, 2018

NEXT Biometrics Group ASA - Update on share-option program

NEXT Biometrics Group ASA - Update on share-option program

Pursuant to Section 6-16 a of the Norwegian Public Limited Companies Act, the board of directors prepared the statement regarding the determination of salaries and other remuneration to the management presented at the general meeting. The statement is available on the Company's website www.nextbiometrics.com. At the general meeting held 15 May 2018, a consultative vote supported the statement and the vote was binding with respect to the parts of the statement regarding the option programs.

The board of directors specifically pointed out the possible changes in options awarded up until 2015, with expiry date 31 December 2018 and options awarded in 2016. In addition, the 2017 long-term option scheme will continue in 2018, with performance conditions only for the management team.

Of the 973,811 options expiring in 2018, 624,493 options are extended to end of 2019. The option holder cannot exercise and sell the vested options before 31 December 2018. In addition, the option holder will only be able to exercise options in the exercise windows provided by the Company. The exercise windows will be linked to a short period after each quarterly reporting.

Of the net 208,332 options granted in 2016, holders of 177,000 options will have a revised exercise price based on the average volume-weighted market price +10% (39.60 NOK/share) of the shares over the five last trading days prior to the agreed upon date (1 June 2018) of reduction in options. This to be offered against a 25 % reduction to the number of share options. The related reduction in total number of options is 44,250.

The following primary insiders were granted options in 2016 and are eligible for the changed conditions:

Tore Etholm Idsøe (Board member) was granted 20,000 options under the 2016 plan and have a reduction in total options from 303,000 to 298,000 options. Average strike price of 19.8 NOK/share

Matias Trocoli (CTO) was granted 15,000 options under the 2016 plan and have reductions in total options from 241,377 to 240,127 options. Average strike price of 35 NOK/share

Knut Stålen (CFO) was granted 15,000 options under the 2016 plan and have a reduction in total options from 80,000 to 76,250 options. Average strike price of 70 NOK/share

Radek Matyasek (Sr Vice president of sales) was granted 10,000 options under the 2016 plan and have a reduction in total options from 56,000 to 53,500 options. Average strike price of 56 NOK/share

Charles Ng (Vice president, Sales Americas) was granted 10,000 options under the 2016 plan and have a reduction in total options from 40,000 to 37,500 options. Average strike price of 61 NOK/share

Robert Muller (Vice president, Biometrics Solutions group) was granted 10,000 options under the 2016 plan and have a reduction in total options from 86,470 to 83,970 options. Average strike price of 36 NOK/share

Total number of options outstanding following this update are 1,685,399.