SmartCraft ASA

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

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 2 May 2024.

The share buy-back programme will be for a maximum consideration of NOK 15

million. The repurchases will be conducted in the period from 7 May 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 30.

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, [email protected]

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 97% 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.

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