Disclosure of large shareholding

29 May 2024 09:54 CEST

Reference is made to the announcement by the Idex Biometrics ASA (“The Company”)
on 15. May 2024 regarding the completed private placement in the Company and the
description in the announcement relating to the share lending agreement pursuant
to which Sundt AS has agreed to the lending of shares in connection with the
private placement. Further reference is made to the announcement on 16 May 2023
relating to Sundt AS` disclosure due to the execution of the share loan.

As a result of the re-delivery of shares, Sundt AS discloses the following
information pursuant to Section 4-2 of the Norwegian Securities Trading Act and
the Securities Trading Act Regulations:

On 29 May 2024, following re-delivery of the 10,000,000 shares in the Company,
Sundt AS’ holdings of shares went from 7,966,756 shares to 17,966,756 which
represents 5.8% of the share capital based on 308,139,210 shares in issue
following tranche 1 of the private placement. The disclosure obligation was
triggered by Sundt AS crossing below the 5% threshold of total number of voting
rights and shares in IDEX.

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