Napatech A/S: CEO resigns

27 Feb 2023 19:00 CET

COPENHAGEN, Denmark – February 27, 2023 – Napatech™ (OSLO: NAPA.OL) announced
today that CEO, Ray Smets, has submitted his resignation in order to pursue
other opportunities, and the board has accepted his resignation. Henrik Brill
Jensen, the company’s Chief Operating Officer, will take over as Interim CEO
immediately, and the Board of Directors will initiate a succession process. Mr.
Smets will continue as an advisor for the board.

"On behalf of Napatech, I would like to thank Ray for his hard work over the
past 5 years as CEO of Napatech and wish him the best of luck in his new
endeavors," said Lars Boilesen, Chairman of the Board of Directors.

"It has been an honor and a rewarding journey to lead Napatech over the past 5
years. The company has the right technology, products and knowhow to drive
growth in the SmartNIC market, and I am confident in the direction the company
is going to succeed,” said Ray Smets. “I will miss the team at Napatech, and I
look forward to following the company's progress and advising the board as they
see fit.”

For further information, please contact:

Lars Boilesen, Chairman of the Board of Directors
Phone: +47 404 01 460

Heine Thorsgaard, Chief Financial Officer
Phone: +45 4596 1500
E-mail: htg@napatech.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and was published by Heine Thorsgaard, CFO of the
Company, on 27 February 2023 at 19:00(CET).

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