SMCRT: SmartCraft ASA initiates share buy-back programme

2.11.2022 16:58:50 CET | SmartCraft ASA | Additional regulated information
required to be disclosed under the laws of a member state

2 November 2022 - SmartCraft ASA (the "Company") (Ticker: SMCRT NO) has decided
to initiate a 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 Extraordinary General Meeting held on 2 November 2022.

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 3 November 2022 until the
day before the Issuer's Annual General Meeting in 2023, 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