Zwipe

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.