Oslo, August 30, 2023 - Ulf Ritsvall, Senior Vice President of Sales and
Marketing at NEXT Biometrics has been appointed the new CEO of NEXT Biometrics.
He succeeds current CEO Peter Heuman, who has held the position since 2019.
Heuman will continue as advisor to the Board of Directors and CEO. The change in
leadership is effective as per October 1, 2023.

"Ulf Ritsvall has extensive knowledge of the biometric and technology industries
and a large, global network, which both will be essential for NEXT on its
journey to profitability. He has also lived several years in Asia and thus has
unique experience of our main markets, India and China", says Petter Fjellstad,
Chairman of the Board at NEXT Biometrics.

"There is no doubt that Peter Heuman has been the architect of the turnaround of
this company. He established a new strategic direction, reallocated resources,
and secured focus on products where NEXT has a clear competitive advantage and
high margins. NEXT is now on the verge of becoming profitable. Focus is entirely
on growing sales, and we have therefore appointed our Chief Sales Officer as the
new CEO, says Fjellstad.

"I am proud of what we have achieved during my time as CEO in NEXT. The
established growth agenda, with currently over 40 customers, secures that NEXT
is well positioned for a profitable future, says Peter Heuman. - I have agreed
to be an advisor to the board and CEO going forward. I hold a substantial
financial incentive and my continued focus will contribute to NEXT capitalizing
on the position we have created, now from a more strategic level.

"I am honored to be appointed the CEO of NEXT Biometrics. NEXT has a unique
fingerprint technology and strong biometrics know-how, which I believe can bring
us to profitability within the coming 7-9 months. We have a great,
customer-centric team and I look forward to accelerating NEXT's growth journey
by increasing recurring revenues together with my colleagues", says Ulf
Ritsvall.

Ulf Ritsvall has a strong track record of senior executive positions within both
the telecom and biometrics industry. He holds a BA in electrical engineering
from the University of Lund. 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

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 ThermalTM 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, Bengaluru and Shanghai.

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For more information, please contact:

Petter Fjellstad, Chairman of the Board at NEXT Biometrics
Email: pf@ghcapital.ch 
Phone: +47 928 91 180

This stock exchange announcement was published by Eirik Underthun, CFO at NEXT
Biometrics Group ASA, on August 30, 2023, at 18:31 CEST.

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© Oslo Bors ASA, source Oslo Stock Exchange