Discussions with OpenLimit regarding a possible merger transaction not being further pursued

Zug / Geneva, 29 March 2017: WISeKey International Holding Ltd (SIX: WIHN) (“WISeKey“) announced today that the respective boards of directors of WISeKey and OpenLimit Holding AG (DE: O5H) (“OpenLimit“) have decided that discussions in relation to a possible merger transaction between WISeKey and OpenLimit as previously announced on 25 July 2016 are not being further pursued. The current interim financing provided by WISeKey to OpenLimit in a principal amount of EUR 750,000 will, in accordance with applicable terms of a convertible loan agreement, be converted into OpenLimit Shares issued by OpenLimit out of its existing authorized share capital. The conversion price will be €0.3736, being 95% of the volume weighted average price (“VWAP“) of the OpenLimit shares traded on XETRA as reported by the XETRA for the ten trading days immediately preceding and including 29 March 2017. WISeKey will thus receive 2,007,494 newly issued fully fungible listed OpenLimit Shares representing – post issuance of these new shares – a 8.4% stake in OpenLimit on an issued share basis.

About WISeKey:

WISeKey is a leading cybersecurity company currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the 4^th Industrial Revolution movement. WISeKey’s Swiss based Cryptographic Root of Trust (“RoT”) integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. WISeKey has patented this process in the USA as it is currently used by many IoT providers.

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Disclaimer:

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

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