Zwipe AS - Correction of primary insiders' subscriptions in the Rights Issue

23 Mar 2023 16:43 CET

OSLO, NORWAY - 23 MARCH 2023 - Reference is made to the stock exchange
announcements published by Zwipe AS (the "Company") on 21 March 2023 regarding
the final result of the rights issue of 20,862,047 new shares in the Company
(the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the
"Rights Issue") and the subscriptions made by the primary insiders Robert
Mueller on 9 March 2023 and Diderik Schonheyder on 10 March 2023, respectively.

Due to a miscalculation of the number of Offer Shares the subscription rights
received in the Rights Issue entitled them to based on the 9:5 subscription
ratio, the number of Offer Shares subscribed for in the Rights Issue was
incorrectly reported for Robert Mueller and Diderik Schonheyder. The
miscalculation was identified following receipt of their final allocation of
Offer Shares in the Rights Issue.

Please see the attached notifications of trade correcting the notifications made
on 9 March 2023 for Robert Mueller and on 10 March 2023 for Diderik Schonheyder.

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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 (danielle@zwipe.com)

More information:
Access the news on Oslo Bors NewsWeb site

586047_20230323_Template_for_notification_of_transactions_by_PDMR_KRT_1500_Diderik_Schonheyder.pdf
586047_20230323_Template_for_notification_of_transactions_by_PDMR_KRT_1500_Robert_Mueller.pdf