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Zwipe AS AGM Information 2020

Sep 8, 2020

3797_rns_2020-09-08_ab3dd2e0-5304-4981-9fff-1f84dcdd9570.html

AGM Information

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Notice of extraordinary general meeting

Notice of extraordinary general meeting

OSLO, NORWAY - 08 September 2020- The board of directors of Zwipe AS call for an

Extraordinary General Meeting to be held on 29 September 2020 at 10:00 CET.

Please find enclosed the notice of the Extraordinary General Meeting.

Notice of attendance, in person or by proxy, shall be given no later than 28

September 2020 at 16:00 CET. Shareholders are encouraged to register via the

following link

here (https://investor.vps.no/gm/logOn.htm?token=0b6e08500d198abcad76e55fc343f589

28acf7d4&validTo=1603958400000&oppdragsId=20200908VPOPDDU0).

Alternatively, the attached form may be sent by e-mail to [email protected], or

regular post to DNB Bank ASA, Verdipapirservice, NO-0021 Oslo.

The board of directors (the "Board") has proposed the following agenda:

1. Opening of the General Meeting by the chair. Registration of meeting

shareholders

2. Election of a meeting chairperson and person to co-sign the minutes together

with the chairperson

3. Approval of the notice and the agenda

4. Approval of capital increase directed against the chair of the Board

5. Proposal to issue a new authorization to the Board to strengthen the

Company's equity

6. Proposal to amend the provision in the articles of association on notice

period for the general meeting

Proposed decisions from the Board and the Nomination Committee (extracts only,

please see the attachments to the notice for the full proposals)

Matter no. 4: 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 shares to the chair of the board of directors in the board meeting on

7 September 2020.

Matter no. 5: Proposal to issue a new authorization to the Board to strengthen

the Company's equity

As the Board has used the registered authorization to strengthen the Company's

equity to complete the Private Placement, the Board proposes that the general

meeting resolves to issue a new authorization to the board to increase the

Company's equity (including to facilitate for a potential repair issue).

The board of directors is hereby granted authorization to increase the company's

share capital, on one or several occasions, with up to NOK 319,065.80 (3,190,658

new shares), equivalent to 10% of the share capital after the Private Placement

has been completed.

The authorization may be used to issue shares to strengthen the company's equity

to the extent the board of directors considers this to be in the company's best

interest at the given time.

Matter no. 6: Proposal to amend the provision in the articles of association on

notice period for the general meeting

The notice period to the general meeting (ordinary and extraordinary) is 7 days,

from 21 days in the company's articles of association prior to this meeting.

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

For more information, please contact:

Lars Kristian Solheim, CFO

+47 991 661 35

[email protected]

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, [email protected], +46 (0)8528 00 399. The information

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

below, at 15:20 CET on 08 September 2020.