Sarine Technologies Ltd.

Regulatory Filings • Feb 22, 2022

ELEASE

PRESS RELEASE

Sarine Launches Advisor 8.0 – Most Advanced Rough Planning Software Ever

Focus on increased value proposition for vast segment of very small stones

New highly-sophisticated intellectual property protection implemented

Hod Hasharon (Israel), 22 February 2022 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 for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, is excited to announce the release of our new and most advanced ever version of our industry-leading Advisor® rough diamond planning software – Advisor® 8.0.

Having witnessed over the past four years an increasing trend of applying ever more technology to smaller sized rough diamonds, we have risen to the challenge and are introducing a solution specifically tailored to benefit this very significant segment of the value chain, wherein an estimated 900 million stones are polished annually. While as in 2018 only 120,000 rough stones under 15 points in weight (0.15 carats) were scanned by our Galaxy® family of internal inclusion scanning systems, last year, in 2021, this segment accounted for nearly a quarter of all stones processed – no fewer than 7 million stones. Advisor® 8.0 thus implements features specifically designed to benefit polishers of rough diamonds in this sub-market. Advisor® 8.0 is only one element in a chain of upcoming developments, which will bolster our offerings for the smaller stones segment. Notably, this trend has also manifested itself in the dramatic proliferation of our Meteorite™ model.

However, not only the segment of small stones will profit from our newest Advisor® release. Sarine's engineers have continued to innovate and have found ways to generate more value for all our midstream customers. Our newest version incorporates more than 20 new features along with the refinement of existing processes, all focused on three core drives - generating more value, by extracting more polished yield from a given rough stone, increased productivity – shorter run cycles and augmented automation – reducing the need for human interaction and thus precluding possible human errors, allowing offline (off hours / off shift) operation, including overnight autonomous operation and even automatic recovery from system failures (e.g., interruption of the power supply).

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

Finally, as we continue to be plagued by attempts to illicitly utilise our IP, to further protect our and our customers' investment, and broaden the gap between the value reaped by our customers to that realised by users of the pirated older Advisor® versions in the market, we have applied very sophisticated cutting-edge anti-hacking protection algorithms developed in house, which, as these are not a common target for international hacking syndicates, will, we believe, proscribe most illegal attempts to penetrate our defenses.

David Block, CEO of Sarine Technologies commented, "We are delighted to introduce the newest and most advanced ever version of Advisor® . It will improve yield, accelerate productivity and enhance the overall value of our industry-leading core midstream offerings, as well as bolster our determined stance against piracy."

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 fingerprinting 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 Cyrus Capital Consulting Mr. Lee Teong Sang Tel: +65-96339035 teongsang@cyrus.com.sg North America IR MS-IR LLC Ms. Miri Scharia-Segal Tel: +1-917-607-8654 msegal@ms-ir.com

Sarine Technologies Ltd. Marketing & Communications 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