SMART Technologies Announces Closing of Arrangement

CALGARY, Sept. 14, 2016

The Common Shares are expected to be delisted from the Toronto Stock Exchange and the NASDAQ Stock Market two or three business days following the completion of the Arrangement.

Letters of Transmittal have been forwarded to registered security holders of SMART to be used in order to exchange their Common Shares for the cash consideration payable pursuant to the Arrangement. Additional copies may be obtained by contacting SMART or Computershare Investor Services Inc. at its telephone numbers and locations set out in the Letter of Transmittal.

Detailed information regarding the Arrangement can be found in SMART's management information circular dated June 17, 2016 which has been filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

About SMART
SMART Technologies Inc. (NASDAQ: SMT, TSX: SMA) is a world leader in simple and intuitive solutions that enable more natural collaboration. We are an innovator in interactive touch technologies and software that inspire collaboration in both education and business around the globe. To learn more, visit smarttech.com.

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Reader's advisory
Certain information contained in this press release may constitute forward-looking information including, without limitation, statements concerning the expected timing of delisting of the Common Shares. By their very nature, forward-looking information and statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information and statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to vary materially from the forward-looking information or statements. We do not assume responsibility for the accuracy and completeness of the forward-looking information or statements. Any forward-looking information and statements contained in this press release are expressly qualified by this cautionary statement.