IDEX Biometrics ASA: Cancellation of the Subsequent Offering

29 May 2026 07:12 CEST

Reference is made to the stock exchange announcements published by IDEX
Biometrics ASA (the "Company") on 29 April 2026 regarding a successfully
completed private placement of 9,696,969 new shares in the Company at a
subscription price of NOK 8.25 per share (the "Private Placement") and a
potential subsequent repair offering (the "Subsequent Offering") directed
towards existing shareholders in the Company as of 28 April 2026 (as
registered in the VPS two trading days thereafter), who (i) were not included
in the pre-sounding phase of the Private Placement, (ii) were not allocated
Offer Shares in the Private Placement, and (iii) are not resident in a
jurisdiction where such offering would be unlawful or would (in jurisdictions
other than Norway) require any prospectus, filing, registration or similar
action ("Eligible Shareholders").

The Subsequent Offering was made subject to (i) completion of the Private
Placement, (ii) prevailing market price of the Company's shares, (iii)
relevant corporate resolutions being passed by the Company, and (iv) approval
and publication of a prospectus.

The Company's shares have for an extended period traded below the subscription
price in the Private Placement at significant traded volumes. Since the
completion of the Private Placement, the total traded volume at prices at or
below the subscription price of NOK 8.25 has been significant. Accordingly,
existing shareholders who did not participate in the Private Placement have
had the opportunity to acquire shares at trading prices at or below the
subscription price, thereby reducing the dilutive effects of the Private
Placement.

In light of the above, the board of directors deems it appropriate to cancel
the Subsequent Offering. The board of directors has therefore today resolved
not to proceed with the Subsequent Offering.

Contacts
Anders Storbråten, CEO and CFO, Tel: +47 416 38 582
E-mail: ir@idexbiometrics.com

About Us
IDEX Biometrics ASA (OSE: IDEX) is shaping the future of access and payments.

IDEX Biometrics is advancing the future of access and payments with
identity-first biometrics. With over a decade of proprietary innovation, our
solutions are proven in the field, globally certified, and trusted by leading
financial institutions. We serve enterprises, the public sector, banks, and
issuers directly and through partners, delivering secure, seamless experiences
in digital and physical access and payments.

For more information, visit www.idexbiometrics.com
(http://www.idexbiometrics.com/)

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-05-29 07:12 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

674854_IDEX Biometrics ASA- Cancellation of the Subsequent Offering.pdf