SmartCraft ASA — Share Issue/Capital Change 2021

Jul 9, 2021

SmartCraft ASA - Resolution to increase the share capital

SmartCraft ASA - Resolution to increase the share capital

9.7.2021 10:59:09 CEST | SmartCraft ASA | Total number of voting rights and

capital

Oslo, 9 July 2021. Reference is made to the announcements made earlier today

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

announced the acquisition of Kvalitetskontroll AS ("Kvalitetskontroll").

The Company's board of directors has, based on an authorisation granted to it by

the extraordinary general meeting of the Company held on 25 May 2021, resolved

to increase the Company's share capital with NOK 5,056.18 by issuance of 505,618

new shares to the sellers of Kvalitetskontroll at a subscription price of NOK

21.00 per share in connection with the Company's acquisition of

Kvalitetskontroll through its subsidiary SmartCraft Norway AS. The share

contribution has been settled by way of set off against the respective sellers'

receivable towards the Company.

Following registration of the share capital increase with the Norwegian Register

of Business Enterprises (Nw. Foretaksregisteret), the Company's share capital

will be NOK 1,715,223.05, divided into 171,522,305 shares, each with a nominal

value of NOK 0.01.

Following completion of the acquisition of Kvalitetskontroll earlier today,

Christer Kleppestø, Bjørn Erik Fjeldstad and Espen Thorbjørnsen are considered

primary insiders of the Company. Please see the attached form of notification

and public disclosure by persons closely associated with the said primary

insiders related to the subscription for the new shares. The form and

information therein is subject to the disclosure requirements in article 19 of

the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of

the Norwegian Securities Trading Act.

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.

ATTACHMENTS

PDMR Form.pdf -

https://kommunikasjon.ntb.no/ir-files/17847761/712/906/PDMR%20Form.pdf