Oslo, August 26, 2025 - Smartoptics Group ASA ("Smartoptics"), a leading
provider of optical networking solutions, has been approved for uplisting to the
main market on Oslo Børs, as announced by the exchange earlier today. This marks
a significant milestone in the company's growth journey.

"Uplisting to the main market of Oslo Børs represents a strong validation of
Smartoptics' growth story and investment case. Since our listing on Euronext
Growth in 2021, we have combined profitable growth with disciplined capital
allocation, delivering three dividend distributions totaling NOK 1.60. The main
market will provide increased visibility, deeper liquidity, and access to a
broader international investor base - all of which will further support long
-term value creation for our shareholders. This uplisting is both a recognition
of our achievements and a launchpad for the future," says Thomas Ramm, Chairman
of the Board of Smartoptics.

Since its listing on Euronext Growth Oslo in June 2021, Smartoptics has
increased revenue by 50 % (Q2 2025 vs. Q2 2021) and expanded its market
capitalization by 74 %. Including dividend, this performance has resulted in a
total shareholder return of approximately 90 % since listing vs. yesterday close
- underlining the company's ability to deliver both growth and profitability.

"Our growth has been driven by the ever-growing demand for bandwidth,
increasingly fueled by the rollout of AI platforms, combined with continuous
enhancements to our product portfolio and software platforms. This has enabled
us to consistently win larger accounts, expand our recurring revenue base, and
scale faster than competitors - all while remaining lean and profitable while
maintaining a relentless focus on customer success. Looking ahead, we are
broadening our strategy with new revenue streams and greater operational
efficiency through targeted investments in automation and agentic AI. Together
with our focus on core markets - data centers, and metropolitan area networks -
as well as expansion into new geographies and larger accounts, these initiatives
set us up to deliver a two- to threefold increase in market share in relevant
markets. Uplisting the company to a regulated market provides piece of mind and
confidence for our existing and prospect customers. Smartoptics' growth journey
continues, and we are here to stay," adds Magnus Grenfeldt, CEO of Smartoptics.

The first day of trading in the shares of Smartoptics on Oslo Børs' main market
is expected to be August 28, 2025. Consequently, the last day of trading in the
Company's shares on Euronext Growth Oslo is expected to be August 27, 2025.

For more information, please contact:
Magnus Grenfeldt, CEO Smartoptics
Telephone: +46 73 366 88 77
Email: magnus.grenfeldt@smartoptics.com

About Smartoptics
Smartoptics provides innovative optical networking solutions and devices for the
new era of open networking. Our customer base includes thousands of enterprises,
governments, cloud providers, Internet exchanges as well as cable and telecom
operators. We have an open networking approach in everything we do which allows
our customers to break unwanted vendor lock-in, remain flexible and minimize
costs. Our solutions are used in metro and regional network applications that
increasingly rely on data center services and specifications. Smartoptics is a
Scandinavian company founded in 2006. We partner with leading technology and
network solution providers such as Brocade, Cisco and Dell and have a global
reach through more than 100 business partners.
For additional information about Smartoptics, please visit smartoptics.com.