Zwipe AS – Subscription and allocation of offer shares in the Rights Issue by a primary insider

OSLO, NORWAY – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") earlier today regarding the final results of the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share (the "Rights Issue").

Diderik Schonheyder, a board member of Zwipe AS, has today, on 21 March 2023, been allocated and thereby validly subscribed for the 10.945 Offer Shares he over-subscribed in the Rights Issue.

Please see the attached notification of trade for further information.

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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.

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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.

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For further information, please contact:

Danielle Glenn, CFO and Head of IR

E-mail: [email protected]