NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

20 February 2026: Reference is made to the notice issued on 16 February 2026, where SmartCraft ASA (the "Company") launched an offer to all shareholders to purchase shares in the Company for a total consideration of up to NOK 75 million through a reverse book building process (the "Offering"). The application period expired at 16:30 hours (CET) on 20 February 2026.

Following the end of the application period, the Company has resolved to buy 4,166,666 shares at a price per share of NOK 18.

Allocation notifications will be sent to shareholders having tendered shares in the Offering on or about 23 February 2026. The trade date will be 23 February 2026 and the settlement date is expected to be on or about 25 February 2026. The settlement will be conducted on a normal delivery-versus-payment basis (DVP) or through the VPS system.

The Company currently has a total of 171,522,305 shares issued. Following settlement of the Offering, SmartCraft ASA will own 11,293,403 shares.

For further information, please contact:

DNB Carnegie, demand@dnb.no, +47 24 16 90 20

Kine Kragholm Olsen, Interim CFO, +47 92 64 35 30, kine.olsen@smartcraft.com

IMPORTANT NOTICE

The Offering and the distribution of this announcement and other information in connection with the Offering may be restricted by law in certain jurisdictions (including, but not limited to, the United States, Canada, Australia and Japan). Neither the Company nor the bookrunner in the Offering assume any responsibility in the event there is a violation by any person of such restrictions. This includes shareholders who have changed their domicile to such jurisdictions but which may access their VPS accounts. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. The Offering is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful, require registration or other measures. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States or any such jurisdiction and so doing may invalidate any purported offer or acceptance.

ABOUT SMARTCRAFT

SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to SMEs in the construction sector, increasing their productivity, margins, and resource efficiency. The Group currently has more than 14 100 customers and 270 employees distributed across Norway, Sweden, Finland and UK. SmartCraft was listed on the Oslo Stock Exchange in June 2021.