ARBITRATION AWARD - ADDITIONAL INFORMATION

ARBITRATION AWARD - ADDITIONAL INFORMATION

Oslo, Norway - 28 January 2025

Reference is made to the stock exchange announcement published by Zwipe AS (the

"Company") earlier today regarding the decision from the Oslo Chamber of

Commerce dated 27 January 2025 at 23:25 CET in the payment dispute between IDEX

Biometrics ASA and Zwipe AS. The Company has now held the extraordinary board

meeting as referred to in said stock exchange announcement.

The board has discussed whether it can continue its operations in the light of

the claim payable based on the decision from the Oslo Chamber of Commerce. Based

on the board's assessment, the Company is currently in discussions which are not

unlikely to provide the Company with necessary financing to avoid insolvency. It

is, thus, the board's opinion that the Company currently has a basis for further

operations. The Company will inform the market again when it knows the outcome

of said discussions.

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 18.22 CET.

For further information contact:

Robert Puskaric, CEO of Zwipe

E-mail: [email protected]

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, [email protected]. 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