DGAP-Adhoc: SMARTRAC announces Changes in the Management Board

SMARTRAC N.V.  / Key word(s): Change of Personnel

04.04.2011 09:36

Dissemination 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, April 4, 2011 - The Dutch Company SMARTRAC N.V. (stock
abbreviation SM7) announces changes in the Management Board of the Company.
Manfred Rietzler, member of the Management Board of SMARTRAC, will resign
from his position effective May 31, 2011.

Manfred Rietzler's decision to resign from his current responsibilities is
based on his intention to serve the Company as a member of the SMARTRAC
Supervisory Board and focus on strategic developments, in particular as
Chairman of the new Technology Council, subject to approval by the SMARTRAC
Annual General Meeting of Shareholders to be held on May 31, 2011.

Furthermore, the Supervisory Board has taken the decision to propose the
appointment of Wolfgang Schneider as new Member of the Management Board to
the SMARTRAC Annual General Meeting of Shareholders to be held on May 31,
2011.

Manfred Rietzler has been a member of the Management Board since the
incorporation of SMARTRAC N.V. in January 2006 and has held the position of
Chief Technical Officer (CTO) since July 1, 2007.

Wolfgang Schneider holds the management position Head of Business Unit
Cards and is a member of the SMARTRAC Group Executive Team with its
inception at the end of 2007.

Please see full press release for additional information.

About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID
components for a broad bandwidth of applications in all current frequency
standards. The company produces ready-made as well as customized
transponders for public transport, access control, RFID-based car
immobilizers, animal identification, libraries, industry, and logistics.

SMARTRAC is the global market leader in high-quality RFID inlays for
electronic passports (e-Passports) and contactless credit cards (e-Payment)
as well as for RFID transponders for public transport applications.
SMARTRAC was founded in 2000, went public in July 2006, and trades as a
stock corporation under Dutch law with its registered headquarters in
Amsterdam. The company currently employs nearly 3,500 employees and
maintains a global research and development, production, and sales network.

Contact:
SMARTRAC N.V.
Tanja Moehler
Head of Corporate Communications
Phone: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com 
Internet: www.smartrac-group.com

Forward-looking statements:
To the extent that this press release contains forward-looking statements,
such statements are based on assumptions, planning and forecasts at the
time of publication of this press 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 press release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this press release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this press release.

SMARTRAC N.V.
Tanja Moehler
Head of Corporate Communications
Phone: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com 
Internet: www.smartrac-group.com




04.04.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      SMARTRAC N.V.
              Strawinskylaan 851
              1077 XX  Amsterdam
              Niederlande
Phone:        +31 20 30 50 157
Fax:          +31 20 30 50 155
E-mail:       investor.relations@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 Announcement                             DGAP News-Service
 
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