Appointment of Chief Financial Officer

14 February 2024

ETHERNITY NETWORKS LIMITED

("Ethernity" or the "Company")

Appointment of Chief Financial Officer

Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, is pleased to announce the appointment of Ayala Deutsch to the Board of the Company as Chief Financial Officer.

Ayala joined Ethernity in January 2019 as Vice President of Finance and has been managing the Company's CFO duties since August 2023. Ayala has more than 15 years of financial experience in international high-technology companies. Previously she was a Corporate Controller at Glide, and prior to that, an auditor at KPMG. Ayala is a Certified Public Accountant in Israel and obtained her MBA, majoring in Financial Management, at the Hebrew University in Jerusalem.

David Levi, CEO of Ethernity, said: "I've been working with Ayala for over five years, and she has consistently demonstrated leadership, strategic thinking and commitment to our financial success. I look forward to continuing to work together as we pursue growth of the business."

Ayala Dina Deutsch (formerly Langsam) is 36 years old. There is no further information on Ayala Deutsch required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

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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.