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OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF
ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 16 September 2025: Reference is made to the stock exchange announcement on
20 August 2025 by NEXT Biometrics Group ASA (OSE: NEXT) ("NEXT") or the
"Company") regarding a potential private placement to raise gross proceeds in
the amount of minimum NOK 15,000,000 and maximum NOK 20,000,000 (the "Private
Placement") at a subscription price of NOK 4.25 per share (the "Subscription
Price"), of which NOK 15,000,000 had been underwritten by certain existing
shareholders, including Norus AS, Valset Invest AS, HAAS AS and Camiko AS (the
"Existing Shareholders").  

The Company is pleased to announce that the Private Placement is fully
subscribed based on the revised terms set out below, and that its board of
directors has allocated 4,705,882 new shares in the Company (the "Offer Shares")
at the Subscription Price, raising gross proceeds of approximately NOK 20
million. 

Following the stock exchange announcement on 20 August 2025 (the
"Announcement"), the market value of the Company's shares has fallen below the
announced Subscription Price. To facilitate for participation from additional
investors (both existing and new shareholders), with the purpose to increase the
total gross proceeds raised through the Private Placement, participants in the
Private Placement have been offered one (1) warrant ("Warrant") for each share
they subscribe for and are allocated in the Private Placement, at no additional
consideration. Each Warrant will entitle the holder to subscribe for and be
allocated one (1) new share in the Company at a subscription price of NOK 3.90
per share. The Warrants may be exercised in the period  from 2 November 2026 to
6 November 2026, from 11 January 2027 to 15 January 2027 and from 8 March 2027
to 12 March 2027.  The Warrants shall not be tradeable and shall thus not be
admitted to trading on the Oslo Stock Exchange. 

The Warrants will also be granted to the Existing Shareholders in lieu of the 3%
underwriting fee previously announced in the stock exchange announcement on 20
August 2025.

Notification of allocation is expected to be sent to the applicants by the
Company before 09:00 hours (CEST) on 17 September 2024.

The following primary insiders and their close associates have been allocated
Offer Shares at the Subscription Price, including an equal amount of Warrants:
- Ulf Ritsvall, CEO of the Company, has been allocated 50,000 Offer Shares