SmartCraft ASA — Share Issue/Capital Change 2021

Jul 12, 2021

SmartCraft ASA - New share capital registered

SmartCraft ASA - New share capital registered

12.7.2021 08:56:08 CEST | SmartCraft ASA | Total number of voting rights and

capital

Oslo, [12] July 2021. Reference is made to the announcements made on 9 July 2021

whereby SmartCraft ASA ("SmartCraft" or the "Company", OSE ticker code "SMCRT")

announced the resolution to increase the Company's share capital in connection

with the Company's acquisition of Kvalitetskontroll AS ("Kvalitetskontroll").

The Company has today issued 505,618 new shares, each with a nominal value of

NOK 0.01, to the sellers of Kvalitetskontroll as partial settlement of the

purchase price in connection with the Company's acquisition of Kvalitetskontroll

through its subsidiary SmartCraft Norway AS.

The new shares have been legally and validly issued and have been registered

with the Norwegian Register of Business Enterprises. Following the share capital

increases, the Company's new share capital is NOK 1,715,223.05, divided into

171,522,305 shares, each with a nominal value of NOK 0.01.

For further information, please contact:

Kjartan Bø, CFO, SmartCraft

Phone: +47 410 27 000

Email: kjartan.bo@smartcraft.no

Gustav Line, CEO, SmartCraft

Phone: +47 952 67 104

Email: gustav.line@smartcraft.no

ABOUT SMARTCRAFT

SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to

SME's in the construction sector. The company's business model is highly

scalable, based on 94% recurring revenue and low churn. The construction sector

is among the least digitalized industries and represents a NOK 10bn software

market in the Nordics, growing at a double-digit rate. SmartCraft's solutions

help customers to increase their productivity, margins, and resource efficiency.

IMPORTANT INFORMATION

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "anticipate", "believe",

"continue", "estimate", "expect", "intends", "may", "should", "will" and similar

expressions. The forward-looking statements in this release are based upon

various assumptions, many of which are based, in turn, upon further assumptions.

Although the Company believes that these assumptions were reasonable when made,

these assumptions are inherently subject to significant known and unknown risks,

uncertainties, contingencies and other important factors which are difficult or

impossible to predict and are beyond its control. Such risks, uncertainties,

contingencies and other important factors could cause actual events to differ

materially from the expectations expressed or implied in this release by such

forward-looking statements. The information, opinions and forward-looking

statements contained in this announcement speak only as at its date, and are

subject to change without notice.