ARBITRATION AWARD

28 Jan 2025 11:56 CET

Oslo, Norway - 28 January 2025

In the prospectus published by Zwipe AS on 7 November 2024, Zwipe AS informed
that Zwipe AS was in arbitration concerning a warranty dispute with IDEX
Biometrics ASA at the Oslo Chamber of Commerce.

On 27 January 2025, at 23:25 CET, the Oslo Chamber of Commerce rendered its
decision in the payment dispute between IDEX Biometrics ASA and Zwipe AS. The
arbitration tribunal has ordered Zwipe AS to pay USD 702,000 (excluding VAT) to
IDEX Biometrics ASA, plus late payment interest and legal costs. Zwipe AS is in
the process of convening an extraordinary board meeting to discuss the
feasibility of paying the award and continuing its operations. The outcome of
the extraordinary board meeting will be announced in a subsequent press release.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading
Act.

This stock exchange release was published by Hugo Petit, CFO, on 28 January 2025
at 11:56 CET.

For further information contact:

Robert Puskaric, CEO of Zwipe

E-mail: ir@zwipe.com

This information is information that Zwipe AS is obligated to make public
pursuant to the continuing obligations of companies admitted to trading on
Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq
First North Growth Market. Certified Adviser on Nasdaq First North is FNCA
Sweden AB, info@fnca.se. The information was submitted for publication, through
the agency of the contact person set out below, at 07:00 CET on 20 January 2025.

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

More information:
Access the news on Oslo Bors NewsWeb site

637261_Zwipe_Arbitration.pdf