NEXT Biometrics : Commencement of subscription period for the subsequent offering

NEXT Biometrics Group ASA - Commencement of subscription period for the
subsequent offering

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

Oslo, 22 June 2020: Reference is made to the stock exchange announcements by
NEXT Biometrics Group ASA ("NEXT" or the "Company") on 19 June 2020 regarding
the subsequent offering (the "Subsequent Offering") of up to 10,000,000 new
shares in the Company, each with a par value of NOK 1.00, at a subscription
price of NOK 2.00 per share (the "Offer Shares").

The Subsequent Offering consists of an offer by the Company to issue up to
10,000,000 new shares, each with a par value of NOK 1.00, at a subscription
price of NOK 2.00 (the "Offer Shares"), raising gross proceeds of NOK 20,000,000
if all Offer Shares are issued.

Eligible shareholders, being shareholders of the Company as of 28 May 2020 (and
being registered as such in the VPS on 2 June 2020, pursuant to the two days'
settlement procedure in the VPS (the "Record Date")), who (i) were not allocated
shares in the Private Placement, (ii) who were not included in the pre-sounding
phase in the Private Placement, and (iii) who are not resident in a jurisdiction
where such offering would be unlawful, or for jurisdictions other than Norway,
would require any filing, registration or similar action, (the "Eligible
Shareholders") will be granted non-transferable subscription rights (the
"Subscription Rights") that, subject to applicable law, provide rights to
subscribe for and be allocated Offer Shares at the Subscription Price (as
defined below). 

The Eligible Shareholders will be granted 0.359333 Subscription Rights for each
existing share registered as held by such Eligible Shareholders as of the Record
Date, rounded down to the nearest whole Subscription Right. Each whole
Subscription Right provides a right to subscribe for, and be allocated, one
Offer Share at the Subscription Price, subject to applicable securities laws.
Over-subscription and subscription without Subscription Rights is permitted.

The subscription period will commence today, on 22 June 2020, at 09:00 hours
(CEST) and expire at 16:30 hours (CEST) on 6 July 2020 (the "Subscription
Period").

The subscription price in the Subsequent Offering is NOK 2.00 per Offer Share
(the "Subscription Price"), being the same as the subscription price in the
Private Placement.

The Subscription Rights are expected to have an economic value if the Company's
shares trade above the Subscription Price during the Subscription Period.
Eligible Shareholders who do not use their Subscription Rights will experience a
dilution of their shareholding in the Company.

The Subscription Rights must be used to subscribe for Offer Shares before the
expiry of the Subscription Period. Subscription Rights that are not used to
subscribe for Offer Shares before such deadline will have no value and will
lapse without compensation to the holder.

The payment for the Offer Shares allocated to a subscriber falls due on 10 July
2020.
Subject to timely payment of the Offer Shares, the share capital increase
pertaining to the Subsequent Offering is expected to be registered with the
Norwegian Register of Business Enterprises on or about 16 July 2020. The Offer
Shares are expected to be delivered to the subscribers and commence trading on
the Oslo Stock Exchange on or about 17 July 2020.

Further information about the Subsequent Offering and the subscription
procedures is included in the prospectus dated 19 June 2020 (the "Prospectus").
The Prospectus, including the subscription form, is available at
www.paretosec.com/transactions. Hard copies of the Prospectus are available at
the offices of NEXT Biometrics Group ASA, Universitetsgaten 10, 0164 Oslo, or
may be obtained by contacting Pareto Securities AS on tel.: [phone].

Pareto Securities AS acts as manager in the Subsequent Offering. Advokatfirmaet
Thommessen AS acts as legal advisor to the Company. 

For further information, please contact:

Peter Heuman, CEO
Email: [e-mail]

Eirik Underthun, CFO
Email: [e-mail]

About NEXT Biometrics:

NEXT provides advanced fingerprint sensor technology that delivers uncompromised
security and accuracy for the best possible user experience in the smart card,
government ID, access control and notebook markets. The company's patented NEXT
Active Thermal principle allows the development of large, high quality
fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group
ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and
development operations in Seattle, Taipei, Prague, Bengaluru and Shanghai.

IMPORTANT INFORMATION

This release is not for publication or distribution, in whole or in part
directly or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia). This release is an announcement issued pursuant to
legal information obligations, and is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued
for information purposes only, and does not constitute or form part of any offer
or solicitation to purchase or subscribe for securities, in the United States or
in any other jurisdiction. The securities mentioned herein have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended (the "US Securities Act"). The securities may not be offered or sold in
the United States except 
pursuant to an exemption from the registration requirements of the US Securities
Act. 

The Company does not intend to register any portion of the offering of the
securities in the United States or to conduct a public offering of the
securities in the United States. Copies of this announcement are not being made
and may not be distributed or sent into Australia, Canada, Japan or the United
States.

Any offering of the securities referred to in this announcement will be made by
means of a prospectus. This announcement is an advertisement and is not a
prospectus for the purposes of Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 on prospectuses to be published
when securities are offered to the public or admitted to trading on a regulated
market, and repealing Directive 2003/71/EC (as amended) as implemented in any
Member State. Investors should not subscribe for any securities referred to in
this announcement except on the basis of information contained in the
aforementioned prospectus, if a prospectus is published. Copies of any such
prospectus will, following publication, be available at the Company's registered
office and, subject to certain exceptions, on the website of Pareto Securities
AS (www.paretosec.com/transactions) (the "Manager").

The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.

The Manager is acting for the Company and no one else in connection with the
offering and will not be responsible to anyone other than the Company providing
the protections afforded to their respective clients or for providing advice in
relation to the offering and/or any other matter referred to in this release. 

Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.

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