NEXT Biometrics Group - Decision to file for bankruptcy

Oslo, 12 October 2026: Reference is made to the stock exchange announcement published by NEXT Biometrics Group ASA (the "Company") on 8 October 2026, in which the Company announced that its Board of Directors (the "Board") no longer believed that there was a reasonable basis for assuming that the Company would be able to continue its operations as a going concern absent new financing or a transaction providing the Company with sufficient liquidity, and that the Board had resolved to prepare a bankruptcy petition.

Since the announcement on 8 October 2026, no new financing or transaction that would provide the Company with sufficient liquidity has become available. Accordingly, the Board and the board of directors of the Company's wholly owned subsidiary, NEXT Biometrics AS, have each unanimously concluded that there is no longer a realistic prospect of the companies obtaining sufficient liquidity, and have therefore resolved to file for bankruptcy. The bankruptcy petitions will be filed with the Oslo District Court (Nw: Oslo tingrett) today.

A bankruptcy trustee will be appointed by the Oslo District Court and will be responsible for managing the further process.

The Board would like to thank the employees, shareholders and business partners of the Company and its subsidiaries for their efforts and support.

This information is considered to be inside information pursuant to Article 7 of the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Article 17 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Lars Bakklund, Interim CFO, at the time and date stated herein.