Smartoptics Group AS

Change of CFO

Oslo, 20 November 2023

SmartOptics Group AS (the "Company") announces today that its current CFO,

Mikael Haag, resigns from his position with the Company for other opportunities.

Mikael Haag is expected to remain in his position until a new CFO is in place,

and the Company will make an announcement of the new CFO as soon as one has been

appointed

Magnus Grenfeldt, CEO of the Company comments:

"I wish to thank Mikael for his dedication and service to the Company over the

last years, a period in which we have seen substantial growth in our business

and also become a publicly listed company. Mikael has been an integral part of

this, and I wish him all the best going forward."

As part of the termination of employment, the Company will re-purchase the

employee options held by Mikael Haag and a separate announcement will be made in

this respect.

For more information please contact:

Magnus Grenfeldt

CEO

Smartoptics

+46 73-366 88 77

About Smartoptics

Smartoptics provides innovative optical networking solutions and devices for the

new era of open networking. Our customer base includes thousands of enterprises,

governments, cloud providers, Internet exchanges as well as cable and telecom

operators. We have an open networking approach in everything we do which allows

our customers to break unwanted vendor lock-in, remain flexible and minimize

costs. Our solutions are used in metro and regional network applications that

increasingly rely on data center services and specifications. Smartoptics is a

Scandinavian company founded in 2006. We partner with leading technology and

network solution providers such as Brocade, Cisco and Dell and have a global

reach through more than 100 business partners.

For additional information about Smartoptics, please visit

https://smartoptics.com/

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