OSLO, NORWAY - 10 December 2024 - Reference is made to the stock exchange
announcement published by Zwipe AS (the "Company") on 6 December 2024, regarding
the commencement of the subscription period in a new issue of units (the
"Units"), consisting of shares and warrants, with preferential rights for
existing shareholders raising gross proceeds of approximately NOK 40 million
(the "Rights Issue").

The shareholders of the Company on 3 December 2024 (and being registered as such
in the Norwegian Central Securities Depository, Euronext Securities Oslo, as at
the expiry of 5 December 2024 (the "record date") was granted one (1)
subscription right (the "Subscription Rights") for each share registered as held
by the shareholder as of the record date. One (1) Subscription Right gives the
right to subscribe for four (4) Units.

The Company has today, 10 December 2024, been informed that the following
primary insiders of the Company have exercised the specified number of
Subscription Rights in the Rights Issue, thereby subscribing for the
corresponding number of Units they are entitled to upon completion of the Rights
Issue.

  · Dennis Jones, board member of Zwipe AS, has exercised 202,936 Subscription
Rights, thereby subscribing for 811,744 Units. Each Unit consists of one (1) new
share in the Company and one warrant, with the payment of SEK 0.10 applying
solely to the shares. The warrants are issued free of charge. As a result, Mr.
Jones has subscribed for 811,744 new shares in the Company. The issuance of the
Units is subject to the completion of the Rights Issue.
  · Jörgen Lantto, chairman of the board of Zwipe AS, has exercised 4,268,831
Subscription Rights, thereby subscribing for 17,075,324 Units. Each Unit
consists of one (1) new share in the Company and one (1) warrant, with the
payment of SEK 0.10 applying solely to the shares. The warrants are issued free
of charge. As a result, Mr. Lantto has subscribed for 17,075,324 new shares in
the Company. The issuance of the Units is subject to the completion of the
Rights Issue.

Please see the attached notifications of transactions for further information.

Hugo Petit
Interim CFO and Head of IR
ir@zwipe.com

About Zwipe

Zwipe is a technology solution provider that enables battery-less, ultra-low
-power, self-contained biometric authentication solutions. Together with an
ecosystem of partners including global brands within security, financial
services and ID applications, Zwipe is "Making Convenience SecureT". Using
advanced fingerprint recognition while protecting personal information, Zwipe's
solutions address the data theft pitfalls inherent in traditional authentication
methods. Headquartered in Oslo, Norway, Zwipe has spent the last 10 years
developing its unique power harvesting technology platform in combination with
security solutions based on international infrastructure standards.

To learn more, visit www.zwipe.com