Zwipe AS — Share Issue/Capital Change 2021

Sep 3, 2021

Zwipe receives Commercial Order from Inkript

Zwipe receives Commercial Order from Inkript

OSLO, NORWAY AND BEIRUT, LEBANON - 03 September 2021 - Zwipe is proud to

announce further orders for its Zwipe Pay ONE flagship product. The latest order

was placed by Inkript, a digital security provider in the Middle East and Africa

(MEA) region and a subsidiary of Resource Group, and one of Zwipe's long

established partners.

The order of USD 318,000 for Zwipe Pay ONE comes after significant technical

assessment and intensive business development activity across the Middle East

and Africa region. Zwipe Pay One is the world's first single silicon based

biometric payment platform offered to card manufacturers globally and will be

delivered in 2021 and 2022. This order has been placed at a time when both

Inkript and Zwipe are experiencing strong interest from issuers aiming for

pilots this year and planning for commercial rollouts in 2022.

Inkript initially placed a small-scale order in 2020 to begin the technical and

commercial evaluation of Zwipe Pay ONE. Following a successful evaluation

period, the company has quickly moved to reinforce its leadership position in

the MEA region by guaranteeing priority deliveries to its customers upon

conclusion of planned pilot cases.

"There is a growing need for sustainable, secure and user-friendly payment

solutions in the MEA region, addressing the concerns of both customers and

financial institutions. As a result, Inkript remains determined to support the

market needs not only through our expertise but also through solid and promising

partnerships. Together with Zwipe, we are investing our efforts into securing

several pilots in the region to widely introduce and develop the best-in-class

Zwipe Pay ONE platform in the region. Our aim is to build market awareness of

the benefits of the product and ultimately to secure our first pilot

commitments," says Riad Itani, Managing Director at Inkript.

André Løvestam, CEO of Zwipe, added: "It is encouraging that the early interest

shown in Zwipe Pay ONE in the Middle East has now been converted into our first,

sizeable order for our product from Inkript. Their willingness to be one of the

first smart card manufacturers to bring Zwipe Pay ONE powered biometric cards to

issuers and card personalization bureaus in the MEA region demonstrates their

leadership in this area. We look forward to supporting Inkript on this journey

and to our continued mutual success within the region".

For further information please contact: André Løvestam, CEO, +47 991 66

135 info@zwipe.com

About Inkript

Inkript is a digital security solutions provider catering to governments,

telecom operators and financial institutions in the MEA region. The company's

growth is driven by an extensive R&D and continuous investments in emerging

technologies. Inkript is distinguished by its state-of-the-art factories,

technology competence centers, customized integrated solutions and international

certifications covering processes, quality and security.

Media Contact for Inkript: Ms. Ghina Ramadan, +9611412000 ext. 2931,

gramadan@resource.group