Precise Biometrics' rights issue oversubscribed

Precise Biometrics' rights issue oversubscribed

Precise Biometrics AB has successfully completed a rights issue with
preferential rights which has supplied the Company with SEK 54.0 million
prior to issue costs. The rights issue was subscribed to 118.9% and is
carried out as a part of the Company's business plan - Plan 2015 - which
mainly includes further investments in sales, marketing and product
development targeted towards biometric solutions for the SmartPhone and
Tablet PC markets.

A total of 51,039,553 shares were subscribed to with the exercise of
subscription rights, corresponding to 94.6% of the number of shares. In
addition 13,132,983 shares were subscribed for without preferential
rights, corresponding to 24.3% of the number of shares.
The rights issue is thereby fully subscribed and increases the number of
shares by 53,984,320 to     188,945 120. The new issue of shares
increases Precise Biometrics' share capital by SEK 21,593,728 to SEK
75,578,048.
Precise Biometrics' CEO Thomas Marschall comments:

“I am very pleased with the outcome of the share issue and that our
plans for the future hold such great support among our share holders.
This enables us to go ahead with our business investments within our
prioritized market segments - a prerequisite for us to achieve the
objectives we have set out in Plan 2015.”
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 May
27, 2011. 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 June 20, 2011.
Financial Advisor
Remium AB has acted as financial advisor to Precise Biometrics in
conjunction with the rights issue.

For more information
Thomas Marschall, President and CEO, Precise Biometrics AB
Tel. 46 (0)46 31 11 10 or 46 (0) 734 35 11 10
E-mail
thomas.marschall@precisebiometrics.com (thomas.marschall@precisebiometri
cs.com)
Patrik Norberg, CFO, Precise Biometrics AB
Tel. 46 (0)46 31 11 47 or 46 (0) 734 35 11 47
E-mail
patrik.norberg@precisebiometrics.com (patrik.norberg@precisebiometrics.c
om)