IDEX Biometrics ASA – Final result of the Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from IDEX Biometrics ASA (the “Company”) on 13 November 2024 regarding the commencement of the subscription period (the “Subscription Period”) in the subsequent offering (the “Subsequent Offering”) consisting of up to 140,000,000 new shares (the “Offer Shares”) in the Company at a subscription price of NOK 0.15 per share (“Offer Price”). The Subscription Period commenced on 15 November 2024 and expired on 29 November 2024.

By the end of the Subscription Period, the Company had received valid subscriptions for 26,160,420 Offer Shares in the Subsequent Offering. The Company's board of directors has today resolved to allocate a total of 26,160,420 Offer Shares at the Offer Price in accordance with the allocation criteria set out in the prospectus dated 13 November 2024, raising gross proceeds of approximately NOK 3.9 million.

Investors that are allocated Offer Shares can access information on the number of Offer Shares allocated through VPS on or about 2 December 2024. The due date for payment of the Offer Shares is on 4 December 2024.

Shareholders who are allocated Offer Shares will without cost be allocated two warrants (Nw. "frittstående tegningsretter"), Warrants A and Warrants B, respectively, for every two Offer Shares allocated to, and paid by, them in the Subsequent Offering (the "Warrants" and the "Warrants Issuance").

Subject to duly and timely payment of the Offer Shares, the share capital increase pertaining to the Subsequent Offering is expected to be registered in the Norwegian Register of Business Enterprises on or about 6 December 2024. The Offer Shares will be delivered to the VPS accounts of the subscribers shortly thereafter, expected on or about 9 December 2024. A separate announcement will be made when the share capital increase has been registered. The Offer Shares will have equal rights and rank pari passu with the Company's other shares.