Reference is made to the announcement made by Zwipe AS (the Company) on 10
November 2019 of the preferential rights issue of up to NOK 74.5 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.

The subscription rights connected to the rights issue will be credited to and
registered on each existing shareholder's VPS account on 5 December 2019. Each
shareholder will be granted one subscription right for each existing share.
Three subscription rights will give the right to subscribe for, and be
allocated, two shares in the rights issue.

Primary insider Jörgen Lantto, chairman of the Company, will be granted 320,000
subscription rights and entered into commitments on 7 November 2019 to subscribe
for 213,333 shares in the rights issue at a subscription price per share of NOK
7.00. Mr. Lantto's shareholding after completion of the rights issue will be
533,333 shares.

Primary insider Dennis Jones, board member of the Company, will be granted
37,500 subscription rights and entered into commitments on 7 November 2019 to
subscribe for 25,000 shares in the rights issue at a subscription price per
share of NOK 7.00. Mr. Jones's shareholding after completion of the rights issue
will be 62,500 shares.

Primary insider Espen Tøndel, board member of the Company, will be granted
31,352 subscription rights and entered into commitments on 7 November 2019 to
subscribe for 14,286 shares in the rights issue at a subscription price per
share of NOK 7.00. Mr. Tøndel's shareholding after completion of the rights
issue will be 45,638 shares.

Primary insider Johan Biehl, board member of the Company, will be granted
190,000 subscription rights and entered into commitments on 7 November 2019 to
subscribe for 10,714 shares in the rights issue at a subscription price per
share of NOK 7.00. In addition, Mr. Biehl entered into agreements to transfer
173,929 subscription rights to pre-committing investors and underwriters without
consideration on 7 November 2019. Mr. Biehl's shareholding after completion of
the rights issue will be 200,714 shares.

Primary insider Energetic AS, owned by André Løvestam, CEO of the Company, will
be granted 140,000 subscription rights and entered into commitments on 4
December 2019 to subscribe for 11,111 shares in the rights issue at a
subscription price per share of NOK 7.00. In addition, Energetic AS entered into
agreements to transfer 123,333 subscription rights to pre-committing investors
and underwriters without consideration on 7 November 2019. Energetic AS'
shareholding after completion of the rights issue will be 151,111 shares.

Primary insider Robert Müller, CTO of the Company, is not currently a
shareholder, but has entered into commitments on 7 November 2019 to subscribe
for 28,572 shares in the rights issue at a subscription price per share of NOK
7.00. Mr. Müller's shareholding after completion of the rights issue will be
28,572 shares.

Primary insider Photon Future Ltd, represented on the board of directors of the
Company by the board members Samuel Chester and Dorian Barak, will be granted
915,869 subscription rights and entered into agreements to transfer 915,869
subscription rights to pre-committing investors and underwriters without
consideration on 7 November 2019. Photon Future Ltd's shareholding after
completion of the rights issue will be 915,869 shares.

Primary insider Launch AS, owned by the board member Kim Humborstad, will be
granted 849,298 subscription rights and entered into agreements to transfer
849,298 subscription rights to pre-committing investors and underwriters without
consideration on 7 November 2019. Launch AS' shareholding after completion of
the rights issue will be 849,298 shares.

Primary insider Feat Invest AB, represented on the board of directors of the
Company by Zwipe board member Johan Biehl, will be granted 301,500 subscription
rights and entered into agreements to transfer 251,500 subscription rights to
pre-committing investors and underwriters without consideration on 7 November
2019. Feat Invest AB's shareholding after completion of the rights issue will be
301,500 shares.

This information is subject to the disclosure requirements pursuant to section
6.2 of the Continuing obligations of companies admitted to trading on Merkur
Market.

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