SmartCraft ASA

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

5 November 2024 - SmartCraft 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 2 May 2024.

The share buy-back programme will be for a maximum consideration of NOK 20

million. The repurchases will be conducted in the period from 5 November 2024

until the day before the issuer's Annual General Meeting in 2025, or until the

maximum consideration have been reached. Buy-back 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 33.

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.

DISCLOSURE REGULATION

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, [email protected]

ABOUT SMARCRAFT

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

SMEs in the construction sector, increasing their productivity, margins, and

resource efficiency. The Group currently has more than 13 300 customers and 260

employees distributed across Norway, Sweden, Finland and UK. SmartCraft was

listed on the Oslo Stock Exchange in June 2021.

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