Share issue to personnel - 14 June 2025

15 Jun 2025 23:52 CEST

The board of directors of IDEX Biometrics ASA has resolved to issue 299,381,600
new shares at NOK 0.01 per share to employees, contractors and directors in the
IDEX group ("Personnel Placement"). The purpose of the Personnel Placement is to
incentivise the personnel in the implementation of the amended business plan and
commercialisation of the company's products.

The Personnel Placement is according to the resolution by the extraordinary
general meeting of IDEX Biometrics ASA held on 11 April 2025, where the board
was authorised to issue shares on terms equivalent to the terms in the debt
conversion that was approved at the same meeting.

The shares are restricted for 18 months from the date of issuance and may not be
sold or otherwise transferred during the restriction period. 1/3 of the shares
are released from the restriction after 6 months and another 1/3 are released
after 12 months. In the event a holder resigns or is terminated from employment
or service, the company has the right to repurchase the holder's restricted
shares at certain terms.

The Board has considered the issue to the Personnel in light of the equal
treatment obligations under the PLCA, the Norwegian Securities Trading Act, the
rules on equal treatment under Oslo Rule Book II for companies listed on the
Oslo Stock Exchange and the Oslo Stock Exchange's Guidelines on the rule of
equal treatment and deems that the proposed Personnel Placement is in compliance
with these requirements. The Board holds the view that it will be in the common
interest of the Company and its shareholders to incentivize the Company's
Personnel by issuance of the Offer Shares, both in the short term and in the
long term. The number of Offer Shares represents approximately 6,7 % of the
total number of outstanding shares in the Company, and the dilutive effect for
the Company's shareholders is limited. The subscription price for the Offer
Shares, which was presented to the EGM as the intended issue price, is NOK
0.01, and the subscription price, before taking into account the lock up,
consequently represents a 78 % discount to the closing price of the Company's
shares on Oslo Børs on 13 June 2025. Taking into account the lock up period and
the volatility of the shares, the discount will vary from no discount at all to
approx. 25 %. While the discount can be deemed significant, the Company is of
the view that the number of Offer Shares issued, the fact that the issuance is
made to the Personnel only, the EGM has specifically approved the framework for
this equity issue, the Offer Shares will be subject to sales restrictions by way
of a reverse vesting schedule with trading and transfer restrictions over 18
months, including with an option for the Company to repurchase the Offer Shares
upon termination or resignation prior to the end of the 18-month period,
collectively ensure that the Company is in compliance with its equal treatment
obligations.

Following registration of the share capital increase, the company's share
capital will be NOK 47,310,125.99, divided into 4,731,012,599 shares each with a
nominal value of NOK 0.01.

Contact person
Kristian Flaten, CFO, Tel.: +47 950 92322
E-mail: ir@idexbiometrics.com

About IDEX Biometrics
IDEX Biometrics ASA (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

About this notice
This notice was issued by Erling Svela, VP of finance, on 10 June 2025 at 23:50
CET on behalf of IDEX Biometrics ASA. The shall be disclosed according to
section 5-8 of the Norwegian  Securities Trading Act (STA) and published in
accordance with section 5-12 of the STA.

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