Precise Biometrics Carries out Two New Shares Issues Worth SEK 61 Million

The Board of Directors of Precise Biometrics AB (publ) has on 11 February 2004 resolved on a new share issue with preferential rights for the Companys existing shareholders, in accordance with the authorization granted to the Board of Directors at the Extraordinary General Meeting on 20 January 2004. The new share issue is fully guaranteed through declarations from the major shareholders of their intention to subscribe for shares and issue guarantees. The new share issue is estimated to bring the Company approximately SEK 45.7 million, before deduction of costs related to the issue. The terms of the issue are 1:2 and the issue price is SEK 2.25 per share. The Board of Directors has, in addition to the above and in accordance with the authorization granted, further resolved on a directed new share issue of 5,000,000 new series A shares, at an issue price of SEK 3.10, for the purpose of further strengthening the Companys financial position. With deviation from the existing shareholders preferential rights, external financial investors shall be entitled to subscribe for all of the new shares. The new share issue has been subscribed for in its entirety and will lead to a dilution of 12 per cent. The issue price is based on the average closing share price during the 5 latest trading days, adjusted with an issue discount, on market terms, of 4.7 per cent. The subscribers in the directed new share issue, will be entitled to participate in the new share issue with preferential rights for the existing shareholders. The capital is intended to finance the future development and growth of Precise Biometrics and the Board of Directors emphasizes that the level of the financing does not change the planning and the milestones set out for Precise Biometrics for the years to come.