National Storage Mechanism | Additional information

T STAMP INC

('Trust Stamp' or 'The Company')

Statement regarding Form 8-K filing

Cancellation of option expense and adjustment to stock based compensation requiring Non-Reliance Upon Financial Statements

15 March 2022: Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID) announces that it has filed a Form 8-K with the Securities and Exchange Commission ("SEC").

The Board of Directors of Trust Stamp, after consultation with management and discussions with Cherry Bekaert LLP, the Company's independent registered public accounting firm, determined that it is appropriate to cancel an option expense and adjust other stock based compensation booked in its financial statements thereby reducing previously reported operating losses and requiring non-reliance on financial statements for the year ended December 31, 2020 ("2020 Full-Year Results"), for the six months ended 30 June 2021 ("H1 2021 Half-Year Results"), and included in the Form 1-A qualified by the SEC on 26 January 2022 for a Regulation A offering (the "Offering Statement").

The required changes involve only non-cash items and have no impact on the Company's revenue, gross margin, or cash position. A copy of the Form 8-K detailing the changes is available on the Company's website: Investors | Trust Stamp.

The Company advises that restated financial statements for the relevant periods will also be made available on the Company's website at the time of filing.

Enquiries

Trust Stamp Email: [email protected]

Gareth Genner, Chief Executive Officer

Nisha Naik, Executive VP of Communications

Davy (Euronext Growth Advisor) Tel: +353 1 679 6363

Barry Murphy

Investor Relations Tel: +1 212-671-1021

Crescendo Communications Email: [email protected]

About Trust Stamp

Trust Stamp, the Privacy-First Identity Company^TM, is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

Located in seven countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the company now employs over 100 people.

Safe Harbor Statement: Caution Concerning Forward-Looking Remarks

All statements in this release that are not based on historical fact are "forward-looking statements" including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management's current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company's actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.