Zwipe AS — Share Issue/Capital Change 2022

Jun 16, 2022

Zwipe AS - grant of share options to primary insiders under share incentive scheme

Zwipe AS - grant of share options to primary insiders under share incentive scheme

OSLO, NORWAY - 16 June 2022 - The Board of Directors of Zwipe AS ("Zwipe" or the

"Company") has resolved to grant in total 660,000 share options to members of

the management team under the Company's share incentive scheme. The option grant

is in accordance with the mandate given at Zwipe's Annual General Meeting on 23

May 2022 to the Board of Directors ("the Board") to issue new options to the

company's employees or Board members under the company's existing long-term

incentive program (the "Program"). Each option gives the option holder the right

to acquire one share in the Company at an exercise price of NOK 17.96, which is

equal to the volume weighted average share price for the 10 last trading days

through 10 June 2022 plus 10%. The exercise price was established in accordance

with Program principles. The options will vest over a period of three years from

grant with one-sixth vesting every six months until 31 December 2024. The

options will expire on 1 July 2026.

The following primary insiders were granted options:

· Robert Puskaric (CEO), was granted 450,000 options, following which he holds

in total 450,000 options and zero shares in the Company

· Bishwajit Choudhary (CRO), was granted 70,000 options, following which he

holds in total 220,000 options and 25,500 shares in the Company

· Eric Mercer (COO), was granted 70,000 options, following which he holds in

total 220,000 options and 5,500 shares in the Compan

· Dr. Robert Mueller (CTO), was granted 70,000 options, following which he

holds in total 220,000 options and 48,572 shares in the Company

Until the AGM in 2023, the Board is authorized to issue up to 2,626,168 options,

of which a total of 2,084,498 options have now been issued. Primary insider

notifications pursuant to article 19 of the market abuse regulation are attached

to this release.

For further information, please contact:

Danielle Glenn CFO

Tel: +47 909 98 201

Email: danielle@zwipe.com (danielle@zwipe.com)

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.

This information is subject to the disclosure requirements in Regulation EU

596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12,

and 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, mailto:info@fnca.se, +46 (0) 8528 00 399. The

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

person set out above, at 12:00 16 June 2022.