Share Buyback 2008

April 10, 2008 - The share buyback of SMARTRAC N.V. has been concluded. The buyback program started on February 4, 2008, and was conducted via the stock exchange. SMARTRAC had authorised a bank to conduct the share buyback.

In the course of the share buyback, an overall number of 220,170 shares have been bought back at an average price of approximately EUR 34.06 per share with a total value of EUR 7,499,762.22. This means that SMARTRAC currently keeps under its own stock close to 2.14 percent of a total of 13,500,000 issued shares of the company. This includes shares from a previous share buyback.

The SMARTRAC Management Board intends to utilise the shares from the buyback in the context of 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 took 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.

Overview of share purchases completed under the buyback program in accordance with the Commission Regulation (EC) No 2273/2003 of 22 December 2003, Article 4, No. 4:

Date	Number of shares purchased	Average share price in €	Purchased share value in €
February 4, 2008	9,000	35.9712	323,741.18
February 5, 2008	5,000	35.89620	179,481.00
February 6, 2008	3,446	34.7498	119,747.80
February 7, 2008	5,000	33.40000	167,000.00
February 8, 2008	3,554	33.28782	118,304.92
February 11, 2008	none	--	--
February 12, 2008	200	33.10000	6,620.00
February 13, 2008	5,200	33.09923	172,116.00
February 14, 2008	7,000	33.83303	236,831.20
February 15, 2008	3,000	33.99667	101,990.00
February 18, 2008	6,000	33.83333	203,000.00
February 19, 2008	4,000	33.49580	133,983.21
February 20, 2008	2,300	33.12104	76,178.40
February 21, 2008	4,000	34.43075	137,723.00
February 22, 2008	6,072	34.75182	211,013.04
February 25, 2008	2,500	35.45386	88,634.65
February 26, 2008	7,000	36.78343	257,484.00
February 27, 2008	1,500	36.88333	55,325.00
February 28, 2008	5,389	38.13917	205,532.00
February 29, 2008	6,028	37.46311	225,827.60
March 3, 2008	6,917	36.52481	252,642.12
March 4, 2008	5,300	35.40436	187,643.12
March 5, 2008	2,200	35.85227	78,875.00
March 6, 2008	3,538	36.65614	129,689.43
March 7, 2008	5,000	36.06720	180,336.00
March 10, 2008	5,386	35.32889	190,281.40
March 11, 2008	2,105	34.84228	73,343.00
March 12, 2008	2,227	35.33485	78,690.71
March 13, 2008	7,780	34.73586	270,245.00
March 14, 2008	3,000	33.73333	101,200.00
March 17, 2008	9,000	33.72492	303,524.24
March 18, 2008	201	33.23000	6,679.23
March 19, 2008	5,750	34.50870	198,425.00
March 20, 2008	1,307	33.56929	43,875.06
March 25, 2008	9,100	33.45604	304,450.00
March 26, 2008	9,000	31.78333	286,050.00
March 27, 2008	8,000	31.59153	252,732.26
March 28, 2008	8,000	31.47500	251,800.00
March 31, 2008	7,321	30.78284	225,361.16
April 1, 2008	6,679	31.11567	207,821.56
April 2, 2008	9,500	32.43179	308,102.00
April 3, 2008	7,500	32.98470	247,385.25
April 4, 2008	2,000	33.27506	66,550.12
April 7, 2008	4,102	32.56870	133,596.80
April 8, 2008	3,068	32.44523	99,541.96