Zwipe AS - Updated key information relating to the rights issue

27 Feb 2023 08:15 CET

OSLO, NORWAY - 27 February 2023 - Reference is made to the fully guaranteed
rights issue in Zwipe AS (the "Company"), raising gross proceeds of
approximately NOK 100 million as approved by the Company's general meeting (the
"Rights Issue"). The information below updates the key information relating to
the Rights Issue announced by the Company on 22 November 2022.

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 and 15 February 2023, respectively

Number of new shares: 20,862,047

Subscription price: NOK 4.80

Ratio subscription rights: Each existing shareholder as of 27 February 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 subscription rights be listed - yes/no: Yes, subject to a prospectus
for the Rights Issue (the "Prospectus") being approved by the Norwegian
Financial Supervisory of Norway (the "NFSA") and published, the subscription
rights will be admitted to trading on Euronext Growth Oslo. The subscription
rights will be admitted to trading on Nasdaq First North Growth Market once the
Prospectus approved by the NFSA is passported to Sweden and published.

ISIN for the subscription rights: The subscription rights to be listed on
Euronext Growth Oslo will have ISIN NO 001 2818048 and ticker "ZWIPT" and the
subscription rights to be listed on Nasdaq First North Growth Market will have
ISIN SE 001 9891334 and ticker "ZWIPE TR".

Other information: The Rights Issue is fully guaranteed through a combination of
subscription commitments and underwriting commitments. The underwriting
commitments will expire in the event that the relevant underwriters are not
notified of any allocation under the underwriting agreements within 30 April
2023. Subject to the approval by the NFSA, passporting to Sweden and publication
of the Prospectus, the subscription period for the Rights Issue will commence on
6 March 2023 at 09:00 hours (CET) and end on 20 March 2023 at 16:30 hours (CET)
and the subscription rights in the Rights Issue will be tradable from and
including 09:00 hours (CET) on 6 March 2023 to 16:30 hours (CET) on 14 March
2023. Any changes in the dates included in this release will be communicated to
the market by the Company.

This information is published in accordance with the requirements of the
Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext
Growth Oslo.

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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

More information:
Access the news on Oslo Bors NewsWeb site

583603_20230227_Zwipe_AS_Updated_key_information_relating_to_the_rights_issue.pdf