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INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA, THE
UNITED KINGDOM OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES
NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 18 March 2026: Reference is made to the announcement made by NEXT
Biometrics Group ASA (OSE: NEXT) ("NEXT") or the "Company") on 11 March 2026
regarding the contemplated partially underwritten rights issue of new shares
with preferential subscription rights (the "Subscription Rights") for the
Company's existing shareholders to raise gross proceeds of up to NOK 50 million
(the "Rights Issue"). 

The Rights Issue is partially underwritten by certain new and existing
shareholders (the "Underwriters"), who have committed to subscribe for NOK 41
million of the total subscription amount (the "Total Underwriting Obligation").

In addition, the board of directors of the Company (the "Board") will propose
that all investors in the Rights Issue are granted one (1) warrant (Nw.:
frittstående tegningsrett) for every two (2) Offer Shares allocated to them in
the Rights Issue (the "Warrants"). The Warrants will be transferable but will
not be admitted to trading on Euronext Oslo Børs. Each Warrant will be free of
charge and give the right to subscribe for one new share in the Company at an
exercise price per share equal to the Subscription Price (as defined below) in
the Rights Issue. Each investor in the Rights Issue may exercise 50% of the
Warrants granted to it during the period from 17 March 2027 at 09:00 (CET) to 31
March 2027 at 16:30 (CEST) (the "First Exercise Period") and the remaining 50%
during the period from 17 June 2027 at 09:00 (CEST) to 1 July 2027 at 16:30
(CEST) (the "Second Exercise Period" and, together with the First Exercise
Period, the "Exercise Periods"). Following expiry of the relevant Exercise
Periods, all Warrants not exercised will lapse without compensation to the
holder. Completion of the Rights Issue through delivery of the Offer Shares is
not conditional upon the Warrants being issued and subscription for the Offer
Shares will remain final and binding and cannot be revoked, cancelled or
terminated by applicants if the Warrants are not issued. Issuance of the
Warrants are subject to approval by the AGM (as defined below).

The net proceeds from the Rights Issue will be used for repayment of the Bridge
Loans (as defined below), and is expected to finance the Company's business plan
into 2027.

Arctic Securities AS is engaged as manager (the "Manager") for the Rights Issue.

In connection with the Rights Issue, the Company has raised bridge loans of a
total amount of NOK 25 million to cover immediate short-term liquidity needs,
primarily related to working capital needs for recently received orders for new
products currently not in stock (the "Bridge Loans"). The Bridge Loans will be
repaid with proceeds from the Rights Issue.

Further, the Company has agreed that the initial amount under the shareholder
loan agreement entered into with certain lenders on 20 January 2026 for the
principal amount of NOK 9 million (the "Shareholder Loan"), will be set off
through the issuance of new shares in the Company to the lenders at a conversion
price equal to the Subscription Price in the Rights Issue, upon completion of
the Rights Issue. Any accrued interest under the Shareholder Loan is waived by
the lenders under the Shareholder Loan.
Terms and conditions for the potential Rights Issue 

The Rights Issue is subject to, inter alia, the following conditions, jointly
referred to as the "Conditions" being fulfilled: (i) an extraordinary general
meeting ("EGM") of the Company to be held on 7 April 2026 having resolved a
reverse share split (the "Reverse Share Split") and a share capital decrease by
the reduction of the nominal value of the Company's shares (the "Share Capital
Reduction"), (ii) the Share Capital Reduction having been completed following
expiry of a six-week creditor notice period under Section 12-5 of the Norwegian
Public Limited Liability Companies Act, (iii) the annual general meeting of the
Company to be held on 20 May 2026 (the "AGM") having resolved the Rights Issue,
and (iv) the Financial Supervisory Authority of Norway having approved, and the
Company having published, the Prospectus (as defined below). The notice of the
EGM was published on 17 March 2026, while the notice of the AGM will be
published in a separate stock exchange announcement three weeks prior to the
date of the AGM.

Subject to approval by the AGM, each existing shareholder of the Company as of
the date of the AGM (and being registered as such in Euronext Securities Oslo,
the Norwegian Central Securities Depository (the "VPS")) as at the expiry of the
second trading day following the AGM (the "Record Date") will be granted
Subscription Rights (rounded down to the nearest whole number of Subscription
Rights) based on the number of shares in the Company registered as held by the
shareholder on the Record Date, cf. section 10-4 of the Norwegian Public Limited
Liability Companies Act. Each Subscription Right will, subject to applicable
securities laws, give the right to subscribe for and be allocated one new share
in the Company (the "Offer Shares"). The Subscription Rights are expected to be
tradable and listed on Euronext Oslo Børs from and including the first day of
the subscription period and until 16:30 (CEST) four trading days prior to the
expiry of the subscription period. Over-subscription and subscription without
Subscription Rights will be permitted.

The subscription price in the Rights Issue is NOK 0.10 per new share (the
"Subscription Price"), however such that the Subscription Price shall be
adjusted following the Reverse Share Split. 

It is currently contemplated that the Rights Issue will be conducted with a
two-weeks subscription period in Q2 2026 following the completion of the
following conditions: (i) the EGM having resolved the Reverse Share Split and
the Share Capital Reduction, (ii) the AGM having resolved the Rights Issue,
(iii) the approval of an offering and listing prospectus prepared by the Company
in relation to the Rights Issue by the Financial Supervisory Authority of Norway
(the "Prospectus") and (v) publication of the Prospectus by the Company. The
Prospectus will include the full terms and conditions of the Rights Issue.
Further, completion of the Rights Issue is conditional upon the Share Capital
Reduction having been completed following expiry of the six-week creditor notice
period under Section 12-5 of the Norwegian Public Limited Liability Companies
Act.

Underwriting

Each Underwriter has entered into underwriting agreements with the Company and
the Manager (the "Underwriting Agreement"), pursuant to which the Underwriters
have undertaken to underwrite the Total Underwriting Obligation of NOK 41
million. The Total Underwriting Obligation is divided between certain existing
shareholders and third parties, in addition to members of the Company's
management and board of directors as follows: 
o	Arctic Securities AS shall underwrite a total of NOK 20.125 million of the
Total Underwriting Obligation.(1)
o	Valset Invest AS (NOK 7.5 million), Edgewater AS (NOK 3 million), HAAS AS (NOK
3 million), Camaca AS (NOK 2 million), Six-Seven AS (NOK 1.75 million), Skaug
Holding AS (NOK 1 million), Camiko AS (NOK 666,667), Cryptic AS (NOK 666,667)
and Øystein Tvenge (NOK 666,666) (collectively, the "Existing Shareholders")
shall underwrite a total of NOK 20,250,000 of the Total Underwriting Obligation.

o	Ulf Ritsvall, CEO (NOK 250,000), Hans Henrik Klouman, chairperson (NOK
250,000) and Roy Tselentis, board member (NOK 125,000), shall underwrite a total
of NOK 625,000 of the Total Underwriting Obligation (collectively, the "Primary
Insiders").

The Existing Shareholders and the Primary Insiders will be entitled to
underwriting fee consisting of one Warrant (on the same terms and conditions as
stated for the Warrants above) per Offer Share underwritten in the Rights Issue
(however such that the Subscription Price, number of Warrants and Offer Shares
issued in the Rights Issue shall be adjusted following the Reverse Share Split
and the Share Capital Reduction to be resolved by the EGM), which will be issued
upon completion of the Rights Issue.

Arctic Securities AS will be entitled to an underwriting fee of 11% its
underwriting commitment payable in cash upon completion of the Rights Issue. In
the event that the Company publishes a stock exchange notice that it will not
complete the Rights Issue, Arctic Securities AS is entitled to an underwriting
fee of 12% of its respective part of the Total Underwriting Obligation received
as new shares in the Company, where the subscription price proposed by the board
of directors shall be based on the volume-weighted average price (VWAP) of the
Company's shares on OSE the three trading days after the date of the AGM. (1)

Each Underwriter has undertaken to vote in favor of the resolutions required to
complete the Reverse Share Split and Share Capital Reduction and the Rights
Issue, provided that it is a shareholder in the Company at the record date for
the EGM and AGM, respectively.

Allocation 

The allocation principles for the Offer Shares in the Rights Issue will resolved
by the AGM, but are expected to be as set out below:
a)	Firstly, allocation of Offer Shares to subscribers will be made in accordance
with granted and acquired Subscription Rights which have been validly exercised
during the Subscription Period. Each Subscription Right will give the right to
subscribe and be allocated one Offer Share in the Rights Issue.
b)	Secondly, if not all Subscription Rights are validly exercised during the
Subscription Period and there are remaining unallocated Offer Shares following
the allocation pursuant to paragraph a) above, subscribers who have exercised
their Subscription Rights and over-subscribed, will be allocated additional
Offer Shares on a pro rata basis based on the number of Subscription Rights
exercised by each subscriber. To the extent that pro rata allocation is not
possible, the Company will determine the allocation by drawing of lots.
c)	Finally, Offer Shares not allocated pursuant to paragraph a) - b) above, will
be allocated to and subscribed by the Underwriters pursuant to, and in
accordance with, each Underwriter's respective part of the Total Underwriting
Obligation pursuant to the terms and conditions of the relevant underwriting
agreements.
The final allocation principles resolved by the AGM may deviate from those set
out above. Information about the allocation principles will also be set out in
the Prospectus.

Indicative timeline 

According to the current tentative timetable, and subject to the Conditions
being met, it is expected that the Rights Issue will take place during late May
and early June 2026, according to the following tentative timeline: 

EGM to resolve the Share Capital Reduction:  7 April 2026

AGM to resolve the Rights Issue: On or about 20 May 2026

Approval and publication of the Prospectus: On or about 21 May 2026

Record date for determination of the right to receive Subscription Rights: On or
about 22 May 2026 

Commencement of the Subscription Period for the Rights Issue: On or about 23 May
2026

All dates and other figures with respect to the Rights Issue, Reverse Share
Split and Share Capital Reduction included herein remain tentative and subject
to change. Any changes will be announced through stock exchange announcements.

For further information, please contact:
Ulf Ritsvall, CEO
Email: [email protected]
Eirik Underthun, CFO
Email: [email protected]  

(1) Arctic Securities AS has entered into put option agreements for a
predetermined consideration equal to the underwriting fee with a number of
natural and legal persons according to which Arctic Securities AS has the right
to sell any shares acquired in the Rights Issue at a price corresponding to the
Subscription Price in the Rights Issue.

About NEXT Biometrics 

NEXT Biometrics is a pioneer of high-security biometric authentication, enabling
users to live simpler, safer lives. 

NEXT Biometrics was founded on the belief that strong authentication and
identification can be secure, seamless and cost effective for governments and
businesses with Active Thermal® technology. More than 25 years later, NEXT has
retained its Norwegian heritage and grown to serve customers globally. Today,
our solutions are used by billions of users each year across 10+ national ID and
local programs, 150.000+ POS terminals, 25+ laptop and tablet models from tier-1
OEMs, and physical and logical access control implementations. Through
state-of-the-art technology, deep industry expertise and close collaboration
with partners for seamless integration, Active Thermal® biometrics can make life
simpler and safer for everyone. For more information, visit NEXT Biometrics,
read our blog and follow us on LinkedIn. NEXT Biometrics is listed on Euronext
(NEXT.OL). 

Important notice:
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 as amended (together with any
applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that who fall within the definition of "investment
professionals" in Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net
worth entities falling within Article 49(2)(a) to (d) of the Order