Zwipe AS — AGM Information 2022

May 2, 2022

Notice of Annual General Meeting

Notice of Annual General Meeting

OSLO, NORWAY - 2 May 2022 - The Board of Directors of Zwipe AS ("the Company")

call for the Annual General Meeting ("AGM") to be held on 23 May 2022 at 09:00

CEST. The general meeting will be held as a digital meeting on Microsoft Teams.

Please find enclosed the notice of the Annual General Meeting. The notice and

Zwipe's Annual Report for 2021 are available on the Company's website,

https://zwipe.com/investors.

Notice of attendance, in person or by proxy, shall be given no later than 20 May

2022 at 16:00 CEST. Shareholders are encouraged to register via the link found

here (https://investor.vps.no/gm/logOn.htm?token=8aa7172a08450db31838c96df1821deb

ae136e41&validTo=1624017600000&oppdragsId=20210427VPLJGKU0).

Alternatively, the attached form may be sent by e-mail to genf@dnb.no, or

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

In order to be invited to the meeting, Zwipe's administration will need to have

the shareholder's email address in advance. Shareholders must after having

registered their attendance also register their email address by sending an

email to ir@zwipe.com.

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. Report by the management on the Company

5. Approval of the annual report and financial statements for 2021 for the

Company and the Group

6. Remuneration to the auditor

7. Election of members to the Board

8. Remuneration to the Board and the members of the Nomination Committee

9. Proposal to grant the Board a new authorization to increase the share

capital

Proposed decisions from the Board

Matter no. 5: Approval of the annual report and financial statements for 2021

for the Company and the Group

The Board proposes that the annual report and financial statements for 2021 for

the Company and the Group are approved.

Matter no. 6: Remuneration to the auditor

The Board proposes that the auditor's fees are paid as per accounts rendered.

Matter no. 7: Election of members to the Board

Subject to the general meeting's approval, the Company's Board of Directors for

the period from the AGM in 2022 until the AGM in 2023 will comprise:

· Jörgen Lantto, Chairman of the Board

· Johan Biehl

· Dennis Jones

· Diderik Schonheyder

· Stina Granberg

· Tanya Juul Kjaer

Matter no. 8: Remuneration to the members of the Board and the members of the

Nomination Committee

The Nomination Committee makes the following recommendation:

Fees to the Board for the period from the AGM in 2021 until the AGM in 2022 were

resolved by the AGM on 19 May 2021.

Fees to the Board for the period from the AGM in 2022 until the AGM in 2023 is

suggested as follows:

Chairman of the Board:    NOK 260.000,-

Members of the Board:     NOK 130.000,-

As to remuneration, the Nomination Committee proposes that no remuneration is

paid to the members of the Nomination Committee.

Matter no. 9: Proposal on authorizations to the Board on capital increase

The Board proposes that two new authorizations for the Board on capital

increases are issued, (i) to fulfil the Company's incentive program and (ii) to

cater for strengthening of the Company's equity.

The Board proposes that the General Meeting adopts the following resolution:

1. Authorization for capital increase to fulfill the Company's incentive program

The Board of Directors is hereby granted authorization to increase the share

capital of Zwipe AS, on one or several occasions, with up to NOK 262 616,80

(2,626,168 new shares), equivalent to 7 % of the registered share capital at the

time of this resolution.

2. Authorization for capital increase to strengthen the Company's equity

The Board proposes that the General Meeting grants a new authorization to the

Board to issue shares corresponding to up to 15% of the share capital, and the

new authorization shall be restricted to issue of 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 Board of Directors is hereby granted authorization to increase the share

capital of Zwipe AS with up to NOK 562 750,30 (5 627 503 new shares) on one or

several occasions.

The authorization may be used 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.

About Zwipe

Zwipe is pioneering the next generation contactless payments experience,

providing biometric payment cards components and wearables technology 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

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

continuing obligations of companies admitted to trading on Euronext Growth

Market Oslo 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, at 09:30 CEST on 2 May 2022.

For more information, please contact:

Danielle Glenn, CFO and Head of IR

danielle@zwipe.com

+47 90998201