Zwipe AS - Capital/Financing Update 2023

Zwipe AS - Registration of share capital increase pertaining to the Rights Issue

OSLO, NORWAY - 31 MARCH 2023 - Reference is made to the stock exchange

announcement published by Zwipe AS (the "Company") on 21 March 2023 regarding

the final result of the fully guaranteed rights issue of 20,862,047 new shares

in the Company (the "Offer Shares"), at a subscription price of NOK 4.80 per

share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").

The share capital increase pertaining to the Offer Shares has now been

registered with the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret). The Company's new share capital is NOK 5,841,373.20 divided

into 58,413,732 shares, each with a nominal value of NOK 0.10.

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

continuing obligations of companies admitted to trading on Euronext Growth Oslo

(Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth

Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, [email protected].

The information was submitted for publication, through the agency of the contact

person set out above, at 10:00 CEST on 31 March 2023.

About Zwipe

Zwipe believes the inherent uniqueness of every person is the key to a safer

future. We work with great passion across networks of international

organizations, industries and cultures to make convenience safe and secure. We

are pioneering next-generation biometric card and wearables technology for

payment and physical & logical access control and identification solutions. We

promise our customers and partners deep insight and frictionless solutions,

ensuring a seamless user experience with our innovative biometric products and

services. Zwipe is headquartered in Oslo, Norway, with a global presence.

To learn more, visit http://www.zwipe.com.

For further information, please contact:

Danielle Glenn, CFO and Head of IR

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