Sarine Technologies Ltd.

Legal Proceedings Report • Nov 22, 2021

GENERAL ANNOUNCEMENT::INDIAN COURT ISSUES INJUNCTION AGAINST DIAMOND MANUFACTURER RUDRA DIAM

Issuer & Securities

Issuer/ Manager

SARINE TECHNOLOGIES LTD.

Securities

SARINE TECHNOLOGIES LTD - IL0010927254 - U77

Stapled Security

No

Announcement Details

Announcement Title

General Announcement

Date &Time of Broadcast

22-Nov-2021 23:50:10

Status

New

Announcement Sub Title

Indian Court Issues Injunction Against Diamond Manufacturer Rudra Diam

Announcement Reference SG211122OTHR9KGT

Submitted By (Co./ Ind. Name)

Amir J. Zolty

Designation

Company Secretary

Effective Date and Time of the event

22/11/2021 17:00:00

Description (Please provide a detailed description of the event in the box below)

Please see the attached Press Release - regarding the issuance of an injunction against a manufacturer who infringed Sarine copyrighted Advisor diamond planning software.

Attachments

Press Release Rudra Diam Injunction Final 22Nov21.pdf

Total size =209K MB

PRESS RELEASE

FOR IMMEDIATE RELEASE

Indian Court Issues Injunction Against Diamond Manufacturer Rudra Diam

- Prohibits Any Further Use of Pirated Sarine Advisor® Software - Directs Rudra Diam to Purchase Legal Advisor® Workstations

Hod Hasharon (Israel), 22 November 2021 — Singapore Exchange Mainboard and Tel-Aviv Exchange listed Sarine Technologies Ltd ("Sarine" and along with its subsidiaries "the Group") (U77:SI; SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products and services for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, wishes to report upon the positive outcome of a lawsuit filed by Sarine against the diamond manufacturer Rudra Diam for infringement of Sarine's copyrighted Advisor® diamond planning software.

The Commercial Court in Surat, India has issued an injunction against Rudra Diam permanently prohibiting them from ever using "infringing/pirated versions of Sarine's Advisor software/computer programme (any version thereof), in any manner whatsoever". In addition, Rudra Diam was required to purchase valid and legal Advisor® workstations from Sarine in lieu of any pirated versions currently in use.

David Block, Chief Executive Officer of Sarine, stated, "This is an important step in Sarine's ongoing efforts to protect its valuable intellectual property. We are committed to enforcing Sarine's rights and to protect its enormous investment against any and all attempts by other parties to produce

and/or use infringing products. We intend to leverage this judicial result and follow through with similar lawsuits against other users of pirated/infringing software."

About Sarine Technologies:

Established in 1988, Sarine Technologies Ltd. is a worldwide leader in the development and manufacturing of advanced modeling, analysis, evaluation, planning, processing, finishing, grading and trading systems for diamonds. Sarine products include the Galaxy® family of inclusion and tension mapping systems, rough diamond planning and optimisation technologies, laser cutting and shaping tools, laser-marking, inscription and finger-printing equipment, automated (AI-derived) Clarity, Color, Cut and light performance grading systems and traceability, visualisation and retailing services. Sarine systems have become standard tools in every modern manufacturing plant, properly equipped gemology lab and diamond appraisal business, and are essential aids for diamond polishers, dealers and retailers. For more information about Sarine and its products and services, visit http://www.sarine.com.

Contact: APAC IR Mr. Lee Teong Sang

Tel:+65-96339035 teongsang@cyrus.com.sg

North America IR Ms. Miri Scharia-Segal Tel: +1-917-607-8654 msegal@ms-ir.com

Sarine Technologies Ltd. Ms. Romy Gakh-Baram Tel:+972-9-7903500 romy.gakh-baram@sarine.com

4 Haharash St., Neve Neeman Hod Hasharon, Israel 4524075 Tel. +972-9-7903500 www.sarine.com