Smart Wires Technology Ltd’s (“Smart Wires”) Chief Financial Officer (CFO) Evan Geisert has announced his intention to leave his position. Evan is resigning for personal and family reasons. Evan joined Smart Wires in 2019 and has been CFO since September 2020. Evan will remain as CFO until July 23, 2021, in order to provide a smooth transition for the company.

“Evan has made significant contributions and provided excellent financial leadership during his tenure as Smart Wires’ CFO and we understand his decision to pursue other opportunities. I would like to thank Evan for his time with Smart Wires and I wish him all the best in his future endeavors,” says Peter G. Wells, CEO of Smart Wires.

Smart Wires has initiated a search process to fill this vacancy immediately. Evan Geisert will remain CFO until he leaves his position on July 23, 2021.

CONTACTS

Peter G. Wells, CEO

E-mail: peter.wells@smartwires.com

Tel: +1 (510) 340-9797

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 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 in this press release has been made public through the agency of the responsible person set out above for publication at the time stated via the Company’s news distributor Cision at the publication of this press release.

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, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. For more information, please visit www.smartwires.com.