IDEX Biometrics ASA - Amended terms of convertible bond agreement, Commitment letter signed

17 Sep 2024 22:30 CEST

Reference is made to the notice by IDEX Biometrics ASA ("IDEX" or the "Company")
on 16 September 2024, relating inter alia to certain contemplated amended terms
of the Company's senior convertible bond (the "Convertible Bond"), issued to an
affiliate of Heights Capital Management ("Heights") with an outstanding
principal amount of NOK 66,640,000. As further stated in the notice, the
Commitment Letter with an accompanying term sheet for an amendment agreement
relating to such amendments would be entered into by the Company and Heights on
or about 16 September 2024.

The Commitment Letter has today been duly entered into by the Company and
Heights. In addition to the amended terms as referenced in the stock exchange
announcement on 16 September 2024, the implementation of the Commitment Letter,
and thus the entry into force of the amended terms for the Convertible Loan, is
subject to the Company raising gross proceeds of minimum NOK 60,000,000 from
other investors, which condition would be satisfied upon the completion of the
private placement announced by the Company on 16 September 2024.

The information in the preceding paragraph is considered to be inside
information pursuant to the EU Market Abuse Regulation The information in this
announcement is otherwise subject to the disclosure requirements pursuant to
Section 5-8 of the Norwegian Securities Trading Act. The notice is published in
accordance with section 5-12 the Norwegian Securities Trading Act.

This notice was issued by Erling Svela, VP of finance, on 17 September 2024 at
22:30 CEST on behalf of the Company.

Contact person:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: +47 9180 0186

About IDEX Biometrics:
IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint
biometrics, offering authentication solutions across payments, access control,
and digital identity.  Our solutions bring convenience, security, peace of mind
and seamless user experiences to the world. Built on patented and proprietary
sensor technologies, integrated circuit designs, and software, our biometric
solutions target card-based applications for payments and digital
authentication. As an industry-enabler we partner with leading card
manufacturers and technology companies to bring our solutions to market.
For more information, visit www.idexbiometrics.com
(http://www.idexbiometrics.com)

More information:
Access the news on Oslo Bors NewsWeb site