Zwipe AS — Share Issue/Capital Change 2022

Nov 22, 2022

Zwipe AS - Key information relating to the rights issue

Zwipe AS - Key information relating to the rights issue

OSLO NORWAY - 22 NOVEMBER 2022 - Reference is made to the stock exchange

announcement published by Zwipe AS (the "Company") earlier today, 22 November

2022, regarding a contemplated fully underwritten rights issue in the Company,

raising gross proceeds of approximately NOK 100 million (the "Rights Issue").

Key information relating to the Rights Issue is set out below.

Date on which the terms and conditions of the preferential rights issue were

announced: 22 November 2022

Last day including right: 27 February 2023

Ex-date: 28 February 2023

Record Date: 1 March 2023

Date of approval: 2 December 2022

Number of new shares: 20,862,047

Subscription price: NOK 4.80

Ratio subscription rights: Each existing shareholder as of 27 March 2023 (and

being registered as such in the Norwegian Central Securities Depository,

Euronext Securities Oslo, (the VPS) as at the expiry of 1 March 2023 (the record

date)) will be granted one (1) subscription right for each share registered as

held by the shareholder on the record date.

Subscription ratio: Nine (9) subscription rights will give the holder the right

to subscribe for five (5) new shares (i.e. the holding of less than 9

subscription rights will not give the holder the right to subscribe for any new

shares).

Manager: Erik Penser Bank AB

Will the rights be listed - yes/no: Yes, the Company will apply for listing of

the subscription rights on Euronext Growth Oslo and Nasdaq First North.

ISIN for the preferential rights: To be announced when available

Other information: The rights issue is fully guaranteed through a combination of

subscription commitments and underwriting commitments. The rights issue is

subject to the approval by the extraordinary general meeting of the Company,

which will be held on 2 December 2022 (the "EGM"). Any changes in the dates

included in this release will be communicated to the market by the Company.

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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 more information, please contact:

Danielle Glenn, CFO and Head of IR

ir@zwipe.com