Alarum (ALAR) to Investigate Potential Illegal Short Selling

Alarum Technologies Ltd. (www.alarum.io) (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of enterprise and consumer internet access solutions, today announced that it believes that its American Depository Shares (ALAR) have been a victim of trading abuses, which may be artificially depressing the Company’s share price. Therefore, the Company’s Board of Directors has approved the allocation of resources in order to evaluate all options to address this issue and prepare a concrete action plan, including the retention of specialists to investigate trading in the Company’s shares in an effort to allow the Company to better monitor trading activity and protect the interests of the Company’s shareholders, as well as to seek out partnerships with companies experiencing similar market situations and that are taking legal action to combat illegal short selling and restore fair market conditions.

“Illegal short-selling, otherwise known as “naked shorting,” is the practice of selling short shares that have not been affirmatively determined to exist. Ordinarily, traders must first borrow a stock or determine that it can be borrowed before they sell it short. Unfulfilled sales lead to market-manipulation as it artificially depresses the price of the securities of the company," commented Mr. Shachar Daniel, Chief Executive Officer of Alarum.

"We feel we owe it to the company and to our shareholders to investigate this issue and establish appropriate action to make sure there is greater integrity in the capital markets. We have seen several companies commenting on this problem, and we would welcome the opportunity to collaborate with other companies that have been affected by these actions. We believe that our shares should be free from manipulation in order to accurately and fairly respond to the Company’s true and actual performance and we are committed to protecting the interests of our shareholders and ensuring that the value of their investment is not artificially depressed.” Mr. Daniel concluded.

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