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 visit www.idex.no or contact IDEX at mailbox@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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