ENABLING(THE(MASS(MARKET(FOR( SECURE(ID(

!November!2014! Dr.!Hemant!Mardia,!CEO! www.idex.no!

12.11.14

IDEX!STRONG!VALUE!PROPOSITION!

• Mass!market!valida?on!for!fingerprint!sensors!driven!by!mobile!adop?on!and!payment!

• Enviable!patent!posi?on!and!crossFlicense!with!Apple!in!confined!patent!space!

• Execu?ng!mobile!market!product!roadmap!with!swipe,!touch!and!unique!glass!sensors!

• Well!posi?oned!for!emerging!second!mass!market!for!ID/payment!cards!

• Expanding!major!ecosystem!partners!for!volume!manufacture!and!customer!channels!

• Experienced!leadership!team!with!strong!commercialisa?on!and!biometrics!track!record!

• AOrac?ve!outlook!F!well!funded,!strong!customer!interest,!cusp!of!commercialisa?on!

IDEX:! SMARTFINGER®!! LOW!COST! ACCURATE!&!SECURE! THIN!&!FLEXIBLE!

12.11.14 IDEX!STRATEGY!TO!BECOME!A!LEADING!FINGERPRINT!SENSOR! PLAYER!IN!HIGH!GROWTH!MARKETS!

“…Fingerprint&sensors&play&a&key&role& in&mobile&payment&services,&providing& authen4ca4on&for&systems&like&Apple& Pay..” ! !!!! Suppor?ng!mega!trends! !!!!!!!!!!!!IHS! • Password(replacement( • Mobile(payment( Mobile( • PersonalisaEon( devices( • Access(control( • Security( “…the&&6G12&months&will&bring& legi4mate&strong&authen4ca4on&to&the& enterprise,&help&choke&off&major& password&hacks&plaguing&the&Internet,& Cards(ID( Internet(of( and&see&hundreds&of&millions&of&FIDOG &(smart( Things((IOT)( ready&devices&worldwide…”& Michael(Barre+,&& FIDO(Alliance(president&

“…Our&belief&is&that&we&should&be&able&to&iden4fy&ourselves&without&having&to&use&passwords&or& PIN&.&Biometric&authen4ca4on&can&help&us&achieve&this…”& (((Ajay!Bhalla,!President!of!Enterprise!Security!Solu?ons!MasterCard!

12.11.14

CLEAR!VALIDATION!OF!CAPACITIVE!FINGERPRINT!SENSORS!! FOR!THE!MASS!MARKET!DUE!TO!COMPACT!SIZE!AND!COST!POINTS!

Tier!one!flagship!plaborms,!each!deploying! …third!party!analyst!indicate!huge!growth!from! capaci?ve!fingerprint!sensors...! today’s!market!of!>300!million!units!

#!Fingerprint!sensors!in!mobile!plaborms! Million(units;(CAGR( +43%! Sterne!Agee!es?mates! 400P500( 300P350(

2014! 2015!

+28%! iPhone!5s/6/6+! iPad!Air2/iPad!Mini!3! IHS!es?mates! 1(400( 317

2014( 2020(

Cypress!Semiconductor!Q3!earnings!call! ~40%!

“…If&you&believe&all&the&data&out&there&[on&expected&market& Samsung!Galaxy!S5! Huawei!Ascend!Mate!7! growth]&about&40%&CAGR&in&the&next&five&years…”&

Source:(IHS;(Sterne(Agee;(Cypress;(Company(websites(

12.11.14 IDEX!UNIQUE!ACTIVE!CAPACITIVE!FINGERPRINT!SENSING!IP!! AND!APPLE!CROSSFLICENCE!SECURES!IDEX!MARKET!OPPORTUNITY!

Solid!patent!porbolio!protec?ng!key!sensor!elements! One!of!fingerprint!industry’s!most!solid!patented!IP! Capaci?ve!! 103 37 140( sensing! • Strongest(core(patent(porWolio(of(any( independent(capaciEve(fingerprint(supplier( Swipe! 74 2( 76( • Patent(landscape(highly(constrained(due(to( Touch! 28 40 68( vendor(consolidaEon(

LiveFinger! 63 1( 64( • IDEX(acquisiEon(of(Picofield(patents(in(2013(

OffFChip! 30 31 61( • Extensive(coverage(to(2023(and(beyond( • Key(jurisdicEons(include(Europe(and(the(US( Imaging!Algorithm! 40 1( 41( • Through!! Unique(protecEon(from(crossPlicense(with( 24 7 31( Substrate!Imaging! AuthenTec/Apple:(8(US(patents(

Naviga?on! 21 • Apple(strengthened(the(core(‘381P(patent’( adding(118(claims(aaer(recent(challenge( OnFChip! 18 Issued( Other! 2 Pending(

22(registered(families( (8(pending(families( Compe??ve!advantage!for!IDEX!as!global!OEMs! 215(registered(patents (43(pending(patents( consider!patent!protec?on!as!cri?cal!

5 12.11.14

IDEX!PRODUCT!ROADMAP!LEVERAGES!CORE!PATENTS! ENABLING!WORLD!LEADING!COST!AND!ACCURACY!

FIRST! SECOND! FUTURE!! PRODUCTS! SWIPE! GENERATION! GENERATION! UNIQUE!GLASS! SILICON!TOUCH! FLEX!TOUCH! !SWIPE!&!TOUCH!

( ( ( ( BEST!IN!CLASS! ( ( ( ( SENSORS! ( ( ( ( ( (

• Mobile! • Mobile! • Mobile! • Mobile! RELEVANT! • Cards! • IoT! • Cards! • IoT! MARKET! • IoT! • IoT!

• Best!in!class! • Compe??ve! • Best!in!class!image! • Unique!in!glass! accuracy! performance!for! for!mobile! sensor!to!IDEX! small!area!silicon! COMPETITIVE! • Flexible!mee?ng! • >30%!lower!cost! • Non!ac?ve!screen! POSITION! ISO!card! than!Silicon!sensor! integra?on:! standard! • One!of!only!two!offF ul?mate!mobile! sensor! chip!sensor!vendors! • PILOT! • PILOT! • SAMPLE!H1!2015! • SAMPLE!2015! TIMING! PRODUCTION! PRODUCTION!

6 12.11.14 IDEX!!OFFFCHIP!TECHNOLOGY!DELIVERS!THE!LOWEST!COST!! TOUCH!SENSOR!WITH!HIGH!BIOMETRIC!ACCURACY!

Typical!silicon!touch!sensor!! IDEX!second!genera?on!flex!touch!sensor!! Area! • 8!x!8!mm! • 8!x!8!mm! ! ! Sensor!! • Silicon!IC!80mm2! • Polymer!sensor,!Silicon!IC!<20!mm2! ! ! ! ! • >30%!lower!cost! ASP! • USD!6!–!8! Silicon( ! area( ! ! • Fundamental!new!technology!

• area(

! Unparalleled!imaging! Silicon( !

“We¬e&…&IDEX&will&be&able&to&offer&a&lower&cost&sensor&than&tradi4onal&silicon&based&sensor&compe4tors& because&the&sensor&is&decoupled&from&the&chip&and&a&large&area&chip&is¬&required…”& &&&&&&&&&&&&&&&&&&&&&&&&&&&Analyst!Charles!Anderson,!Dougherty!&!Company&

7 12.11.14

ECOSYSTEM!PARTNERS!DISCLOSED!IN!2014!–!WORLD!CLASS!SUPPLY! AND!SALES!CHANNELS!FOR!IDEX!FINGERPRINT!SENSORS!

Product!focus! Partner!descrip?on!

• Established(leading(mixed(signal,(programmable(semiconductor( soluEon(vendor(to(major(end(device(manufacturers( 2nd(generaEon(touch( • Shipped(over(one(billion(touchPsensing(controllers(in(total( sensor(for(mobile(

• Largest(touch(controller(IC(vendor(in(Asia,(target(300(million(in(2014( • ~50%(touch(IC(market(share(in(Chinese(manufactured(smartphones( Swipe(sensor(for(mobile(

• Leading(provider(of(semiconductor(packaging(and(test(services( • Track(record(of(high(volume(manufacturing(of(finger(print(sensors(

Sensors(for(mobile( • Sales(>(USD(3(billion;(#2(globally(by(market(share(

• Principal(independent(fingerprint(module(manufacturer(to(Asian( mobile(customers(

1st(generaEon(touch(and( swipe(for(mobile(

8 12.11.14 ECOSYSTEM!PARTNERS!DISCLOSED!IN!2014!–!WORLD!CLASS!SUPPLY! AND!SALES!CHANNELS!FOR!IDEX!FINGERPRINT!SENSORS!(II/II)!

Product!focus! Partnership!strategy! Partner!customer!access!

• Mobile(OEM(customer( • Semiconductor solutions to integraEon(and(support( global(EerPone(mobile( 2nd(generaEon(touch( • IC mass manufacturing customers( sensor(for(mobile(

• Mobile(OEM(customer( • Asian(mobile(and(tablet( integraEon(and(support( customers( • Very(strong(posiEon(in(China( Swipe(sensor(for(mobile(

• Sensor(packaging(technology(&( • Established(high(volume( mass(producEon(services(( semiconductor(and(mobile( customers( Sensors(for(mobile(

• Module(manufacturing( • Module(soluEons(to(Asian( • Mobile(OEM(customer( mobile(customers( integraEon(and(support( 1st(generaEon(touch(and( swipe(for(mobile(

9 12.11.14

MARKET!LANDSCAPE!AND!INDUSTRY!CHALLENGES!DEPLOYING! FIRST!GENERATION!MOBILE!FINGERPRINT!SENSORS!

Smartphone!market!share!Q3!2014! • Apple!shiued!demand!from!swipe!to!touch! Percent(of(units(shipped( • Acquired(AuthenTec(only(market(ready(small(touch( sensor((silicon)( • ePcommerce,(driving(increased(security(i.e.(5P6(digit( PIN(equivalent(( 12%( • Fingerprint&Cards&(silicon(sensors)( • swipe(sensor(inserEons(in(Asia,( first(touch(sensors(in( smartphones(2H(2014( • Reports(deferred(acEvity(due(to( fewer(smartPphones(launched( Others( 49%( 24%( than(anEcipated(in(2014(

• Synap4cs/Validity((offPchip(sensors)(( • Deploying(swipe(sensors(to(Samsung( • No(other(reported(mobile(deployments( 5%( • Expect(touch(sensor(deployment(early(2015( 5%( –(analysts(report(as(deferred(from(original( 5%( inserEon(expectaEons(

• IDEX&(offGchip&and&silicon&sensors)& • Design(win(in(Asian(smartphone(first(generaEon(silicon(touch(sensor(via(CrucialTec,(one(of(two(sources(P( launch(deferred( • Feedback(from(other(mobile(OEMs(confirms(deferred(programs( • IDEX(successfully(commenced(silicon(touch(sensor(shipments(to(WWTT(for(mobile(accessories(

Source:(IDC;(Company(websites(

10 12.11.14 IDEX!PROMOTION!OF!GROUND!BREAKING!OFF!CHIP!TOUCH! DEMONSTRATOR!AND!SWIPE!SENSOR!TO!MOBILE!CUSTOMERS!

• IDEX!one!of!only!two!OFF!CHIP!fingerprint!sensor!vendors:! partnership!with!Cypress!Semiconductor! – Product(leadership(in(cost(and(performance(with(second( generaEon(touch(sensor(expedited(for(H1(2015(sampling( – Joint(demonstrator(promoEon(from(November(with(lead( mobile(customers,(proves(groundPbreaking(image(quality( – CulminaEon(of(years(of(IDEX(IP(and(Picofield(acquisiEon(

(founders(of(Validity)(creaEng(new(sensing(principle( High!Image!quliaty!from!2nd!genera?on!prototype! ( shows!the!micro!pores!

• IDEX!swipe!sensor!promo?on!and!sampling!in!Asia:!partnership! with!FocalTech! – High(volume(Eer(one(supply(chain(qualified(with(Amkor( – Pilot(volumes(completed(with(>90%(yield(

– Prepared(for(mass(producEon(to(target(market(expansion( into(mid(end(mobile(devices(

– Strong(lead(in(to(mass(producEon(for(2nd(generaEon(touch( Image!of!sensor!from!mass!volume! manufacturing!

11 12.11.14

IDEX!WELL!POSITIONED!IN!BIOMETRICS!CARD!MARKET!FOR!2015! DUE!TO!FLEXIBLE!SENSOR!TECHNOLOGY!

IDEX!sensors!ideally!suited!for!card!integra?on!! IDEX!strong!value!proposi?on!for!the!card!market!

• Massive!addressable!market!–!payments!and!ID! – 7(billion(payment(cards(shipped(in(2012( Customers! – 1.8(billion(were(EMV(cards((PIN)( Government!ID!programs! – Several(naEonal(ID(programs(launched((e.g.( Netherlands,(UAE,(India)(

Card! • Flexible!substrate!complies!with!ISO!standard! integra?on/! card!stress!test,!not!large!briOle!silicon!IC! manufacturers! • Best!in!class!biometric!accuracy! – Swipe:(algorithms(for(40%(skew(and(speed(range( EMV!chip! – Second(generaEon(touch:(Superior(image(quality( providers!

• Strong!algorithms!suitable!for!card!use!with!low! footprint!and!low!power!opera?on! Capaci?ve! ! Fingerprint! Sensor! • Industry!lowest!cost!posi?on!for!touch!sensors! Component! based!on!offFchip!technology! Vendors!

12 12.11.14 IDEX!WELL!POSITIONED!IN!BIOMETRICS!CARD!MARKET!FOR!2015! DUE!TO!FLEXIBLE!SENSOR!TECHNOLOGY!

IDEX!sensor!in!world’s!first!ISO!compliant!payment/ID!card!launched!by!Card!Tech!…!

• Initial sales from IDEX swipe sensors delivered in September to Card Tech

• Industry first ISO standard dual interface (contact/contactless) biometric card for ID and payments integrating IDEX sensor

• Demonstrated at Cartes exhibition early November, strong customer interest and Card Tech sampling underway

• Standard card thickness and passed ISO tests for flexing due to off chip sensor

…!and!IDEX!targe?ng!card!market!with!other!partnership!ini?a?ves!! • IDEX(working(with(several(integrators(due(to(unique(low(cost(flexible(swipe( sensor(and(compact(algorithms( • IDEX(forthcoming(second(generaEon(touch(sensor(enables(disrupEve(cost(for( mass(adopEon( • Off(chip(sensing(meets(ISO(standard(thickness((0.76mm(cards)(and(flexing((

13 12.11.14

IDEX!CONTINUES!TO!STRENGTHEN!TEAM!FOR!COMMERCIALISATION! AND!ATTRACT!INDUSTRY!VETERANS!

Increased!investment!in!organiza?on! Several!industry!veterans!joined!recently!aOracted!by! ! unique!IP!and!roadmap! FTEs*! 50! Strategy!Advisory!Council!with!industry!pioneers! R&D( Larry!Ciaccia!! Sales(and(markeEng( • Former(CEO(of(AuthenTec,(responsible(for(growth(and(sale(to( OperaEons( Apple(Inc.(( 39! Michael!BarreO!! • Chairman(FIDO(Alliance,(formerly(CISO(PayPal,(VP(Security( 32! 31 American(Express(

27! IDEX!global!expansion! 27 • Staff!doubling!across!12!month!period!with!exper?se! 22 from!fingerprint!biometrics!and!mobile!product! 20 commercialisa?on! 8 • Loca?ons!in!Europe,!US,!Asia(

6 6 4 11 6 3 5

Q4!13! Q1!14! Q2!14! Q3!14!

*(Including(IDEX(employees(and(individual(contractors( (

14 12.11.14 STRONG!CASH!BALANCE!! SUSTAINING!INCREASED!COMMERCIAL!ACTIVITY!

OPEX!run!rate! R&D( $M((MNOK)& Sales(and(markeEng( 4.9!(30.0)! Other( 5.0( 4.6!(29.0)! 4.5( 4.2!(25.0)( 4.0( 3.9!(23.5)! 3.5( 3.5((21.1)( 3.0( 3.3((20.4)( 3.0((17.7)( 2.5( 2.8((17.0& 2.0( 1.5( 0.6((3.9)( 1.0( 0.5((3.1)( 0.6((3.6)( 0.6((3.8)( 0.5( 0.8((5.0)( 0.8((5.1)( 0.5((2.7)( 0.7((4.3)( 0.0( Q4!2013! Q1!2014! Q2!2014! Q3!2014!

Cash!balance! 8(( 57( 48( 41( $M(( (46.5)& (342.5)& (294.7)& (261.4)& (MNOK)( AOrac?ve!business!model!with!licensing!and!sensor!sales!via! outsourced!manufacture!and!strong!industrial!partnerships!

15 12.11.14

ATTRACTIVE!OUTLOOK!–!WELL!FUNDED,!STRONG!CUSTOMER!INTEREST! AND!CUSP!OF!COMMERCIALIZATION!WITH!TIER!ONE!PARTNERS!

Business! Mobile! ID/Smart!Cards! IOT/Peripheral! Opera?ons!

DEMONSTRATOR! EXPANSION!OF! SECURE!MARKET! INITIAL!PRODUCT! STRATEGIC! TRACTION! PHASE! SHIPMENTS! PARTNERS! • 1st(generaEon( • Deliveries(to( • WWTT(order( • AuracEng(significant( touch(and(swipe( CardTech(P( upgraded(to(1st( Tier(1(partner(acEvity( sensors(sampling( integrated(in( generaEon(touch.( ( • Investment(in( and(producEon( industry(first( IniEal(shipments( product(leadership( • 2nd(generaEon( launch(of(ISO(card( conEnue(Q4(2014( through(patents,(IC,( touch(promoEon( • Increased(card( • Sampling(swipe( &(algorithms( now(with(Cypress( partner(acEvity( sensor( for(H1(2015( • Development(of( sampling,(H2( • H2(2015(product( unique(glass(sensor(( 2015(producEon( deployment(

16 12.11.14