Reference is made to the announcement made by Zwipe AS (the Company) on 4
December 2019 regarding approved and published prospectus, as well as the
announcement on 10 November 2019 of the preferential rights issue of up to NOK
74 million by issuing up to 10,635,525 new shares in the Company, and the
announcement on 2 December 2019 of the approval by the extraordinary general
meeting in the Company of the preferential rights issue.

Existing shareholders who are registered in the Company's shareholder register
in the VPS as of 4 December 2019 will receive subscription rights (hereinafter
referred to as the eligible shareholders). Shares that were acquired until and
including 2 December 2019 will give the right to receive subscription rights,
whereas shares that were acquired from and including 3 December 2019 will not
give the right to receive subscription rights. 

The rights issue is being offered to eligible shareholders in Norway based on
the prospectus and, after passporting of the prospectus to Sweden on 4 December
2019, the offering is also made to eligible shareholders in Sweden. Eligible
shareholders will be granted tradable subscription rights giving a preferential
right to subscribe for, and be allocated, shares in the rights issue. The
subscription price in the rights issue is NOK 7.00 per share. Each eligible
shareholder will be granted one (1) subscription right for each existing share.
Three (3) subscription rights will give the right to subscribe for, and be
allocated, two (2) shares in the rights issue.

The subscription rights will be credited to and registered on each eligible
shareholder's VPS account on 5 December 2019 under ISIN NO0010869415. The
subscription rights will be distributed free of charge to eligible shareholders.

The subscription rights (whether granted or acquired), must be used to subscribe
for the new shares before the end of the subscription period (i.e. 19 December
2019 at 16:30 hours (CET)) or sold before 17 December 2019 at 16:30 hours (CET).
Subscription rights that are not sold before 17 December 2019 at 16:30 hours
(CET) or exercised before 19 December 2019 at 16:30 hours (CET) will have no
value and will lapse without compensation to the holder. Holders of subscription
rights (whether granted or acquired) should note that subscriptions for shares
must be made in accordance with the procedures set out in the prospectus and
that the acquisition of subscription rights does not in itself constitute a
subscription for shares.

Subscription rights of eligible shareholders resident in jurisdictions where the
prospectus may not be distributed and/or with legislation that, according to the
Company's assessment, prohibits or otherwise restricts subscription for shares
and eligible shareholders located in the United States and whom the Company does
not reasonably believe to be a qualified institutional buyer (QIB) will
initially be credited to such shareholders' VPS accounts. Such crediting
specifically does not constitute an offer to these shareholders. The Company
will instruct DNB to, as far as possible, withdraw the subscription rights from
such shareholders' VPS accounts.

The subscription rights will be tradable and listed on Merkur Market with ticker
code "Zwipe-ME T" from and including 09:00 hours (CET) on 5 December 2019 to
16:30 hours (CET) on 17 December 2019. The subscription rights will hence only
be tradable during part of the subscription period.

The Company is currently not able to establish if the subscription rights are
expected to have an economic value, since the quoted price of the Company's
shares is currently lower than the subscription price in the rights issue. The
holders of the subscription rights may, therefore, not be able to sell the
subscription rights against payment of a consideration. 

Pursuant to certain underwriting agreements, certain external investors have
undertaken, severally and not jointly, and otherwise on the terms and conditions
set out in the underwriting agreements, to underwrite for subscription and
payment of new shares in the aggregate amount of NOK 55 million, corresponding
to 73.9% of the rights issue. In addition, certain existing shareholders have
pre-committed to subscribe and pay for new shares in a total amount of NOK 2.1
million. Finally, certain external investors have acquired subscription rights
against pre-committing to subscribe and pay for the new shares which the
subscription rights entitle to, in a total amount of NOK 9.9 million. Jointly,
the pre-committing shareholders, the pre-committing investors and the
underwriters have committed and underwritten for subscription and payment of NOK
67 million for new shares equal to 90% of the rights issue.

The matters mentioned above are described in more detail in section 5 of the
prospectus published on the Company's website https://zwipe.com/investors and on
the manager Erik Penser Bank AB (publ)'s website
https://www.penser.se/corporate-finance/#pagaende-uppdrag.

###

For further information please contact:
André Løvestam, CEO
ir@zwipe.com
+47 93 04 40 40