Zwipe AS — AGM Information 2020

Sep 29, 2020

Zwipe publishes Minutes from Extraordinary General Meeting

Zwipe publishes Minutes from Extraordinary General Meeting

OSLO, NORWAY- 29 September 2020 - The Extraordinary General Meeting in Zwipe AS

(Company) was held today. All proposed resolutions were approved unanimously in

accordance with the call for the meeting. The minutes of the Extraordinary

General Meeting are included as an attachment. The complete proposal, which was

approved by the Extraordinary General Meeting, is available on www.zwipe.com for

further reference. The attendants of the EGM represented 10,2% of the votes in

the company.

The following resolutions were made:

Approval of capital increase directed against the chair of the Board

The general meeting resolved to approve the board's use of the authorization to

increase the share capital to strengthen the Company's equity to issue and

allocate 333,333 shares to the chair of the board of directors in the board

meeting on 7 September 2020 on the terms that were stated in the company's

announcement on 7 September 2020.

Board authorizations and instructions to the Board regarding use of the

authorization to issue shares to increase the company's equity

The Board proposed that a new authorization for the Board on capital increases

are issued, to cater for strengthening of the Company's equity, including to

facilitate for a potential repair issue (extract, please refer to the attachment

to the notice for the complete proposal).

The Extraordinary General Meeting resolved to approve that the General Meeting

granted a new authorization to the Board to issue shares corresponding to up to

10% of the share capital after both the capital increases under the Private

Placement have been completed. The new authorization shall be restricted to

issue shares to strengthen the Company's equity to the extent the Board

considers this to be in the Company's best interest at the given time.

The authorization shall remain in force until the end of the annual general

meeting 2021, however not beyond 30 June 2021. The pre-emptive right of the

shareholders to subscribe may be set aside.

Resolution to amend the provision in the articles of association on notice

period for the general meeting

The general meeting resolved to amend article 10 of the articles of association

so that the notice period to the general meeting (ordinary and extraordinary) is

7 days.

This is information that Zwipe AS is obligated to make public pursuant to the

continuing obligations of companies admitted to trading on Oslo Børs Merkur

Market and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq

First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information

was submitted for publication, through the agency of the contact person set out

below, on 29 September, 2020 at 13:30 CEST

About Zwipe

Zwipe is pioneering the next generation contactless payments experience,

providing biometric payment cards and wearables that enable consumers to

authorize transactions with their fingerprints without compromising their

privacy. Together with an ecosystem of partners including global brands within

digital security and financial services, Zwipe is "Making Convenience Safe &

Secure" for banks, merchants and consumers. Zwipe's solutions address the

hygiene and data theft pitfalls inherent in traditional authentication methods.

Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next

great shift in payments from contactless to contact free. To learn more, visit

www.zwipe.com

Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)

528 00 399

For more information contact: Lars Kristian Solheim, CFO, +47 991 66 135

ir@zwipe.com (ado@zwipe.com)