Smart Wires will be delisted from Nasdaq First North Growth Market and the last day of trading is Tuesday, March 7, 2023

On February 17, 2023, Smart Wires Technology Ltd (the “Company”) announced that the Company had resolved to apply for delisting of its Swedish Depositary Receipts (“SDRs”) from Nasdaq First North Growth Market. The SDRs currently traded on Nasdaq First North Growth Market under the trading code GOGRID SDB (ISIN SE0015962345).

Nasdaq First North Growth Market has today approved the Company’s application for delisting and decided that the last day of trading in the SDRs on Nasdaq First North Growth Market will be Tuesday, March 7, 2023.

The Company’s SDR program will be discontinued and holders of SDRs will be entered as shareholders in the Company’s register of members.  Information regarding the SDR program will be provided by Pareto Securities, which is the depository bank for the SDR program.

CONTACTS

Julie Andrews, CFO

E-mail: investors@smartwires.com

Tel: +1 (901) 687-8314

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: +46 8 463 83 00, www.penser.se.

This information is information that Smart Wires Technology Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above on February 21, 2023, at 16:30 CET.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, South America, and Australia with upcoming projects in the United States. The Company has a large customer base comprised of utilities globally. Smart Wires Technology Ltd is listed on the Nasdaq First North Growth Market. For more information, please visit www.smartwires.com.