Reach - non-regulatory announcement

9 February 2024

ETHERNITY NETWORKS LIMITED

("Ethernity" or the "Company")

Appointment of VP of Marketing and Business Development

Ethernity expands its leadership team with the appointment of Ilan Tevet as VP of Marketing and Business Development to drive growth initiatives

Ethernity Networks (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, is pleased to announce the appointment of Ilan Tevet as its new Vice President of Marketing and Business Development. Ilan will play a pivotal role within Ethernity's senior management team, tasked with identifying new opportunities to leverage Ethernity's core competencies to fuel the Company's business expansion.

Ilan brings with him over 25 years of diverse experience, encompassing key positions in Sales, Business Development, Product Management, and Marketing. Throughout his career, Ilan has focused on hardware, software, and SaaS networking and security solutions for communication service providers, utilities, and government organizations, cultivating enduring and profitable relationships with technology partners.

Most recently, Ilan served as one of the founding members and Chief Marketing Officer of Iron Nation, an emergency venture capital fund established to support Israeli startups affected by the conflict with Hamas. Prior to that, he spent six years as Vice President of Marketing and Business Development at RAD, a global leader in access solutions.

David Levi, CEO of Ethernity, said: "I've known Ilan for over two decades and I am thrilled he decided to join the Ethernity team. I eagerly anticipate witnessing the accomplishments of our exceptional team under his guidance to drive further growth."

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About Ethernity Networks

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF) provides innovative, comprehensive networking and security solutions on programmable hardware, enhancing telco/cloud network infrastructure capacity. Ethernity's semiconductor logic offers data processing functionality for various networking applications, alongside patented wireless access technology and fiber access media controllers, all equipped with control software boasting a rich set of networking features. Ethernity's solutions swiftly adapt to customers' evolving needs, accelerating time-to-market and facilitating the deployment of 5G over wireless and fiber infrastructure.

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