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2015-03-26

IDEX ASA: Woodford Investment Management funds invest NOK 297 million (circa USD 37 million) in IDEX ASA

* Funds managed by Woodford Investment Management LLP, a leading UK based
investment fund management company, agree to acquire 52.5 million new
shares in IDEX ASA, at a price of NOK 5.65 per share.
* Woodford Investment Management LLP will on behalf of its funds acquire a
holding of 11.2% of IDEX through a new issue of ordinary shares.
* The funds will also receive 26.25 million warrants in IDEX, each at an
exercise price of NOK 8.50.

"We are pleased to secure this significant funding from funds managed by
Woodford Investment Management. The founder and fund manager Neil Woodford
has an outstanding investment track record, and we believe the investment
into IDEX is a strong recognition of the huge value creation potential of
IDEX's fingerprint sensor technology," said Hemant Mardia, CEO of IDEX.

"IDEX has made significant progress in building a platform for growth during
2014, with a clear focus on creating best in class price/performance
underpinned by IDEX's strong patent portfolio. We have developed a
groundbreaking fingerprint touch sensor and acquired a powerful proprietary
matching algorithm. This new sensor is on target for imminent customer
sampling into the rapidly growing smartphone mass market with major
manufacturing and sales channel partnerships established. IDEX has further
progressed our unique in glass fingerprint sensor solution. These milestones
will enable us to capture significant market share in the multi-billion
dollar market opportunity. IDEX is well funded, with a cash balance NOK 228
million at year end 2014. The additional funding will enable IDEX to seize
the opportunity to further expand the organization, in order to increase our
value proposition in mobile with major customers, and in parallel to address
the significant adjacent mass market opportunities that have been catalyzed
by smartphone adoption including biometric cards where IDEX technology is
ideally suited," he added.

Funds managed by Woodford Investment Management have agreed to acquire
52,500,000 new shares in IDEX at a subscription price of NOK 5.65 per share,
totaling NOK 297 million. The pricing of the shares is based on the weighted
average price on the 5 last trading days up to 19 March 2015, when the
investment terms were substantially agreed. Following the share issue, funds
managed by Woodford Investment Management will hold 11.2% of the shares in
the company.

Upon subscription in the offering, the funds managed by Woodford Investment
Management will also receive 26,250,000 warrants, each at an exercise price
of NOK 8.50. The warrants are open to be exercised 12 months after the date
of their issue and will expire 24 months after issue.

The issuance of shares and warrants are subject to the approval of an
extraordinary general meeting of shareholders in IDEX. The meeting will be
called for as soon as practical and will take place on or about 29 April
2015. A listing prospectus will be prepared in connection with the placement.

26 March 2015

IDEX ASA

Web:
www.idex.no

Twitter:
http://www.twitter.com/idexasa

LinkedIn:
http://www.linkedin.com/company/idex-asa

Contacts

Hemant Mardia, CEO, +44 7788 922 171, hm@idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk@idex.no

About IDEX

IDEX ASA specialises in fingerprint imaging and recognition technology. The
company has a strong patent portfolio consisting of 25 patent families
including more than 215 granted patents, as well as cross licenses with
Apple. IDEX has a highly competitive product road map including swipe
sensors, touch sensors with disruptive cost positions, and a unique in-glass
solution. The company is currently in the process of commercialising the
products.

IDEX's addressable market represents a multi-billion unit opportunity, centred
on three core markets: Mobile, ID&smart cards and the Internet of Things.
IDEX has seen a substantial increase in interest from global OEMs in the last
quarters, and is positioned as of three independent players with the relevant
IP to capture market share.

IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess
market place on the Oslo Børs (Oslo stock exchange). For more information,
please visitwww.idex.noor contact IDEX atmailbox@idex.no

-o-

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IDEX ASA via Globenewswire

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