Precise Biometrics’ rights issue significantly oversubscribed

A total of 32,839,867 shares were subscribed to with the exercise of subscription rights, corresponding to 97.3% of the number of shares. In addition 900,333 shares were subscribed for without preferential rights, corresponding to 2.7% of the number of shares.

The rights issue thereby fully subscribed and increases the number of shares by 33,740,200 to 134,960,800. The new issue of shares increases Precise Biometrics’ share capital by SEK 13,496,080 to SEK 53,984,320.

Precise Biometrics’ CEO Thomas Marschall comments:
- We are proud to carry out this rights issue without underwriting agreements, where the result clearly demonstrates the shareholders strong faith in the Company’s strategy and potential. The new capital means that we have the financial flexibility required to win new large orders, focus on long-term and profitable projects and even further strengthen the company’s market position.

Those persons who have subscribed to shares without preferential rights will be allocated shares in accordance with the principles indicated in the Prospectus. Contract notes to the persons who have subscribed to shares without preferential rights are expected to be issued around September 21, 2009. Only those persons who receive an allocation will be informed.

As soon as the increase in share capital has been registered by the Swedish Companies Registration Office the paid subscribed shares in the rights issue will be converted to new shares. Trading in the new shares is estimated to start on NASDAQ OMX around October 9, 2009.

Financial Advisor
Remium AB has acted as financial advisor to Precise Biometrics in conjunction with the rights issue.