Zwipe AS — Director's Dealing 2023

Dec 5, 2023

Zwipe AS - Exercise of subscription rights and subscription of offer shares in the Rights Issue by primary insiders

Zwipe AS - Exercise of subscription rights and subscription of offer shares in the Rights Issue by primary insiders

OSLO, NORWAY - 5 December 2023 - Reference is made to the stock exchange

announcement published by Zwipe AS (the "Company") on 30 November 2023,

regarding the commencement of the subscription period in a new issue of units

(the "Units"), consisting of shares and warrants, with preferential rights for

existing shareholders raising gross proceeds of approximately NOK 35.0 million

(the "Rights Issue"). The shareholders of the Company on 22 November 2023 (and

being registered as such in the Norwegian Central Securities Depository,

Euronext Securities Oslo, as at the expiry of 24 November 2023 (the "record

date") was granted one (1) subscription right (the "Subscription Rights") for

each share registered as held by the shareholder as of the record date. One (1)

Subscription Right is required to subscribe for one (1) Unit.

The following primary insiders of the Company have today, on 5 December 2023,

exercised the following number of Subscription Rights in the Rights Issue, and

thereby subscribed for the number of Units to which the number of Subscription

Rights exercised entitles them to be allocated upon completion of the Rights

Issue.

· Dennis Jones, board member of of Zwipe AS, has exercised 101,458

Subscription Rights and thereby subscribed for 101,458 Units, subject to the

completion of the Rights Issue.

Please see the attached notifications of transactions for further information.

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This information is subject to the disclosure requirements in article 19 of the

Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the

Norwegian Securities Trading Act.

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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.

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For further information, please contact:

Danielle Glenn, CFO and Head of IR

E-mail: ir@zwipe.com