SmartCraft ASA – Stabilization and over-allotment notice

24.6.2021 08:00:01 CEST | SmartCraft ASA | Additional regulated information
required to be disclosed under the laws of a member state

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG KONG SPECIAL
ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

SmartCraft ASA - Stabilization and over-allotment notice

Oslo, 24 June 2021. Reference is made to the announcement made on 22 June 2021
whereby SmartCraft ASA ("SmartCraft" or the "Company", OSE ticker code "SMCRT")
announced the successful completion of the initial public offering of shares in
the Company (the "Offering" or the "IPO").

ABG Sundal Collier ASA ("ABGSC" or the "Stabilization Manager") may, on behalf
of the Managers (as defined below), engage in stabilization activities from
today, 24 June 2021, to and including, 23 July 2021 (the "Stabilization
Period"). Any stabilization transactions will be aimed to support the market
price of the SmartCraft shares.

In connection with the Offering, the Managers have over-allotted a total of
6,179,775 shares in the Company to the applicants in the Offering, equalling
approximately 10% of the total number of new shares issued by the Company and
sale shares sold by existing shareholders in the Offering before
over-allotments.

In order to permit delivery in respect of the over-allotments made, Valedo
Partners III AB (being a selling shareholder in the Offering) has lent to the
Stabilization Manager, on behalf of the Managers, a number of existing shares in
the Company equal to the number of over-allotted shares. For further details on
over-allotment and stabilization activities, please see the prospectus dated 14
June 2021 prepared by the Company (the "Prospectus").

Further, the Company has granted to the Stabilization Manager, on behalf of the
Managers, a greenshoe option to purchase up to 6,179,775 new shares to be issued
by the Company at a price per share of NOK 17.80, which is equal to the offer
price in the Offering (the "Offer Price"). The greenshoe option is exercisable,
in whole or in part, by the Stabilization Manager, on behalf of the Managers,
within the Stabilization Period. The Stabilization Manager may close out the
short position created by over-allotting shares in the Offering by purchasing
shares in the open market through stabilization activities and/or by exercising
the greenshoe option.

The Stabilization Manager may effect transactions with a view to supporting the
market price of the SmartCraft shares at a level higher than what might
otherwise prevail, by buying shares in SmartCraft in the open market at prices
equal to or lower than (but not above) the Offer Price. There is no obligation
on the Stabilization Manager to conduct stabilization activities and there can
be no assurance that stabilization activities will be undertaken. If
stabilization activities are undertaken, they may be discontinued at any time,
and must be brought to an end upon or before expiry of the Stabilization Period.

Any stabilization activities will be conducted based on the principles set out
in the Commission Delegated Regulation (EU) 2016/1052, as implemented into
Norwegian law by Section 3-1 (3) of the Norwegian Securities Trading Regulation,
regarding buy-back programs and stabilization of financial instruments.

If stabilization activities are undertaken, information on the activities will
be published no later than seven trading days following such transaction(s).
Further, within one week after the expiry of the 30 calendar day period of price
stabilization, the Stabilization Manager will publish information as to whether
or not price stabilization activities were undertaken. If stabilization
activities were undertaken, the statement will also include information about:
(i) the total amount of shares sold and purchased