DGAP-Adhoc: SMARTRAC N.V.: Management Board decides on share buyback

| Source: EQS Group AG EQS Group AG 

SMARTRAC N.V. / Share Buyback

04.02.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Amsterdam, February 4, 2008 – The Management Board of the Dutch company
SMARTRAC N.V. (stock abbreviation SM7) has decided to buy back shares in
the company up to a maximum value of EUR 7.5 million. SMARTRAC will
authorise a bank to conduct the share buyback. The buyback of shares will
be conducted via the stock exchange. The share buyback should be completed
by April 30, 2008, at the latest.

The SMARTRAC Management Board intends to utilise the shares from the
current buyback in the context of potential acquisitions as well as for the
company’s own employee share programs.

According to a decision made at the SMARTRAC Annual General Meeting on June
22, 2007, the Management Board is authorized to repurchase and acquire up
to a maximum of 10 percent of the company’s issued share capital. With the
current share buyback, the Management Board will make use of this
authorisation.

The share buyback will take place in accordance with Commission Regulation
(EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of
the European Parliament and of the Council as regards exemptions for
buy-back programmes and stabilisation of financial instruments.

Accordingly, SMARTRAC will provide information about the progress of the
share buyback on a regular basis on the company’s website at
www.smartrac-group.com in the Investor Relations section.


Forward-looking statements
To the extent that this ad hoc release contains forward-looking statements,
such statements are based on assumptions, planning and forecasts at the
time of publication of this ad hoc release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions and other factors may cause
the actual results to be materially different from the assumptions,
planning and forecasts at the time of publication of this ad hoc release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this ad hoc release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this ad hoc release.


Stephan Öri
SMARTRAC N.V.
Investor Relations 
Tel: +31 20 30 50 150
Email: investor.relations@smartrac-group.com


DGAP 04.02.2008 
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Language:     English
Issuer:       SMARTRAC N.V.
              Strawinskylaan 851
              1077 XX  Amsterdam
              Niederlande
Phone:        +31 20 30 50 150
Fax:          +31 20 30 50 155
E-mail:       info@smartrac-group.com
Internet:     www.smartrac-group.com
ISIN:         NL0000186633
WKN:          A0JEHN 
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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