SmartCraft ASA

Transaction in Own Shares • Apr 28, 2023

SmartCraft ASA (SMCRT) re-initiates share buy-back programme

SmartCraft ASA (SMCRT) re-initiates share buy-back programme

28.4.2023 13:06:49 CEST | SmartCraft ASA | Additional regulated information

required to be disclosed under the laws of a member state

In a stock exchange announcement of 2 November 2022, SmartCraft ASA (the

"Company") (Ticker: SMCRT NO) notified the initiation of a share buy-back

programme to a maximum of 2% the share capital of the Company (3,430,446

shares). The buy-back programme was conducted in accordance with the

authorization granted to the board of directors by the Company's Extraordinary

General Meeting held on 2 November 2022. In the period 3 November 2022 to 27

April 2023 the Company purchased a total of 1,297,848 of its own shares at an

average price of NOK 17.6339 per share.

Following the Annual General Meeting the Company has decided to re-initiate a

Company share buy-back programme. The buy-back programme will be conducted in

accordance with the authorization granted to the board of directors by the

Company's Annual General Meeting held on 28 April 2023.

The share buy-back programme will be for up to 2% of the share capital of the

Company (3,430,446 shares), and for a maximum consideration of NOK 85 million.

The repurchases will be conducted in the period from 28 April 2023 until the day

before the issuer's Annual General Meeting in 2024, or until the maximum number

of shares have been repurchased. Buyback transactions will be executed according

to the market price on the Oslo Stock Exchange, and the maximum price to be paid

per share under the program is NOK 25.

The purpose of the share buy-back programme is to obtain treasury shares for

potential future settlement of the Company's long-term management investment

program for the executive management and other key employees, to optimize the

company's capital structure and/or for settlement of transactions.

The program will be managed by Carnegie AS, which will make its trading

decisions in relation to the acquisition of shares independently of, and

uninfluenced by, the Company.

SmartCraft will report its purchases every seventh trading day.

The transactions will be conducted in accordance with the Market Abuse

Regulation (EU) No 596/2014 (MAR), Commission Delegated Rules (EU) 2016/1052

("Safe Harbour Regulation) and Euronext Oslo Børs' Guidelines for buyback

programmes and stabilisation dated February 2021.

This information is published in accordance with the requirements in article 5

of the EU Market Abuse Regulation and subject to the disclosure requirements

pursuant to Section 5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Kjartan Bø, CFO, +47 410 27 000, kjartan.bo@smartcraft.com

ABOUT SMARTCRAFT ASA

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 96% 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.