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The Board of Directors of Irisity AB (publ) ("Irisity" or the "Company") has resolved, pursuant to the authorisation granted by the extra general meeting on 22 September 2021, on an issue in kind of 9 761 424 shares in Irisity. The resolution has been adopted in accordance with the share purchase agreement which the Company has entered into for the acquisition of 100 percent of the shares in Agent Video Intelligence Ltd ("Agent VI"), which was previously announced on 2 September 2021. The right to subscribe for the shares shall, pursuant to the share purchase agreement and the board resolution, only vest with the sellers of Agent VI and payment shall be made by the sellers contributing in kind 100 percent of the shares in Agent VI.

The subscription price, which amounts to SEK 53,75 per share, has been determined on the terms agreed between the parties in the agreement regarding the acquisition of the shares in Agent VI.

Through the new share issue, Irisity's share capital increases by SEK 878,528.16 to SEK 3,447,209.52. The number of shares will after the new issue amount to 38,302,328. The number of votes will, after the new issue, amount to 38,302,328.

For further information, please contact:

Marcus Bäcklund, CEO

Telephone: +46 771 41 11 00

E-mail: [email protected]

Andreas Höye, CFO

Telephone: +46 769 01 34 51

E-mail: [email protected]

This is information that Irisity AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons above, on 13 October 2021 at 21:30 CEST.

Gothenburg, 13 October, 2021

Marcus Bäcklund

CEO, Irisity AB (publ)                                                                                                                      

Denna information är sådan som Irisity AB (publ) är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom ovanstående kontaktpersoners försorg, för offentliggörande den 13 oktober 2021 kl 21:30 CEST.

Irisity AB is a company involved in developing security solutions for surveillance. It offers its services comprising Night-time supervision, School Guard, Area Guard, and Construction Guard.