An anonymous director reports

SMART TECHNOLOGIES SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT

Further to SMART Technologies Inc.'s press release dated May 26, 2016, the holders of common shares of the company have approved the proposed arrangement involving the company, 689522 N.B. Ltd., Foxconn Singapore (Pte.) Ltd. and the shareholders, pursuant to a plan of arrangement under the Business Corporations Act (Alberta). Under the terms of the arrangement, shareholders will receive from AcquisitionCo a cash payment of $4.50 (U.S.) per common share upon completion of the arrangement. The arrangement was approved by approximately 96.2 per cent of the votes cast by shareholders at the special meeting of shareholders held on July 22, 2016.

An application for a final order approving the arrangement was commenced today at the Court of Queen's Bench of Alberta and will be completed on Thursday, July 28, 2016, at 10 a.m. (Calgary time). SMART will provide a further update on the status of the final order when available.

Further details regarding the arrangement are contained in the company's management information circular dated June 17, 2016, which has been filed on SEDAR and on EDGAR.

The closing of the arrangement is subject to the satisfaction of a number of conditions precedent for transactions of this nature. If these conditions are satisfied or waived, it is expected that the arrangement will close during the second quarter of fiscal 2017, after which time the common shares will be delisted from the Toronto Stock Exchange and the Nasdaq Stock Market.

We seek Safe Harbor.