Smartphoto Group N.V.

Pre-Annual General Meeting Information • Apr 6, 2012

PUBLIC COMPANY "SPECTOR PHOTO GROUP", in short "SPECTOR" Public company making an appeal to the savings' system 9230 Wetteren, Kwatrechtsteenweg 160 RPR Dendermonde 0405.706.755

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PRESS RELEASE – Regulated information

Wetteren, April 6, 2012

Convocation to the Annual General Meeting of Shareholders and Availibility yearly financial report

The Board of Directors invites the shareholders to attend the Annual General Meeting of Shareholders to be held on May 9, 2012 at 14H00 at the registered office of the Company at 9230 Wetteren, Kwatrechtsteenweg 160.

The entire document relating the convocation is available on our website, via the following link: http://www.spectorphotogroup.com/Beleggers/Infovooraandeelhouders/Aandeelhoudersvergaderingen/2012/tabid/169/language/en-US/Default.aspx and inludes:

• Convocation to the Annual General Meeting of Shareholders including agenda and proposed resolutions;
• The total number of shares and voting rights at the date of April 6, 2012;
• The statutory annual accounts of the financial year closed as per 31.12.2011;
• The annual report of the Board of Directors concerning the statutory annual accounts of the financial year closed as per 31.12.2011;
• The report of the Committee of Statutory Auditors concerning the statutory annual accounts of the financial year closed as per 31.12.2011;
• The yearly financial report (according to article 12 of R.D. of 14 November 2007): Annual Report 2011;
• The report of the Board of Directors concerning the consolidated annual accounts of the financial year closed as per 31.12.2011: see the 2011 Annual Report (from page 21 to page 46);
• The report of the Committee of Statutory Auditors concerning the consolidated annual accounts of the financial year closed as per 31.12.2011: see the 2011 Annual Report (from page 48 to page 49);
• The remuneration report: see 2011 Annual Report (from page 33 to page 36);
• Detailed overview shareholders' rights;
• Draft proxies;
• Explanation regarding the use of the proxies.

The annual financial report of Spector Photo Group NV: 2011 Annual Report is also available on our website via the following link:

http://www.spectorphotogroup.com/Beleggers/Jaarverslag/Jaarverslag2011/tabid/170/language/en-US/Default.aspx

For additional information, please contact: Tonny Van Doorslaer, Executive Chairman

Spector Photo Group NV Kwatrechtsteenweg 160 B – 9230 Wetteren Tel. +32 9 365 98 10 E-mail: vdstockm@spector.be