NEXT Biometrics Group ASA — Remuneration Information 2019

Aug 2, 2019

NEXT Biometrics Group ASA - Allocation of share options

NEXT Biometrics Group ASA - Allocation of share options

The board of directors of Next Biometrics Group ASA ("NEXT" or the "Company") has, in accordance with the Company's share option program approved at the Company's annual general meeting in May 2019 resolved to allot 440,000 share options, out of the 1,200,000 share-options in the 2019 allocation pool. 241,250 remains un-allocated.

The following primary insiders were granted conditional share options:

Dan Cronin (Chief Executive Officer) was allotted 200,000 conditional options. After allotment, Dan Cronin holds in total 306,500 options and 53,643 shares.

Knut Stålen (Chief Financial Officer) was allotted 120,000 conditional options. After allotment, Knut Stålen holds in total 232,750 options and 25,900 shares.

Alain Fabruel (Chief of Sales and Marketing Officer) was allotted 120,000 conditional options. After allotment, Alain Fabruel holds in total 171,500 options and 3,658 shares.

The share options vest over a period of three years from allocation. 1/3 of the share options shall vest one year after allotment, and then 1/3 for each additional year. The share options for the employees shall be subject to fulfilment of certain achievement-based conditions. Vested but unexercised share options will expire without compensation to the holder six years after allotment. The exercise price of the share options shall be equal to the average volume weighted market price of the shares over the five last trading days prior to the date of grant, plus 10%. (VWAP last five trading days before grant NOK 5.12 + 10% = NOK 5.63)

After the allotment, if all conditions are met, total number of outstanding share options are 2,745,713

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

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