Recently Listed in Gartner “Market Guide for User Authentication" Report.

Executives Increase Ownership to Approx. 13.5% via Purchases of SFET Shares on Open Market.

Recent Deployment of ZTNA Solution with 3 New Enterprise Customers.

137% Increase in Q3 2021 Revenues 108% Growth in Q3 Gross Profit.

Q3 Record Revenues of $3.38 Million, Gross Profit Grew to $1.78 Million

Breaking News:

SFET Sees 50% Increase in Subscription Revenue Quarter-Over-Quarter as Adoption of its Consumer Privacy Product Accelerates

Shachar Daniel, Chief Executive Officer of Safe-T, added, “Since we acquired our consumer products business this past summer, our team has been successful in introducing a number of exciting new products and capabilities, and we are very pleased with their early performance. The growth in our consumer business is a significant factor behind our expected record 2021 financial performance announced last week, driving our full-year revenue above $10 million, a year-over-year growth of more than 100%. We are confident in the potential of our consumer business and look forward to realizing the untapped value we see as millions of consumers seek new cybersecurity and privacy solutions.”

Financial Results for the Three Months Ended September 30, 2021:

• SFET Revenues in Q3.2021 amounted to $3,377,000 (Q3.2020: $1,426,000). The growth is attributed to the increase in enterprise privacy business revenues and the consolidation of CyberKick’s revenues following the completion of its acquisition on July 4, 2021.

• Cost of revenues in Q3.2021 totaled $1,594,000 (Q3.2020: $567,000). The increase is mainly a result of growth in revenue in the enterprise privacy business which involves higher costs related to internet services providers, as well as the consolidation of CyberKick’s cost of revenues, mainly in traffic acquisition costs for 3rd parties’ products.

• Research and development expenses in Q3.2021 totaled $1,388,000 (Q3.2020: $655,000). The increase is attributed to the consolidation of CyberKick’s research and development expenses, as well as to the Company’s salary costs and share-based compensation.

• Sales and marketing expenses in Q3.2021 totaled $3,109,000 (Q3.2020: $1,114,000). The increase is primarily attributed to the consolidation of CyberKick’s sales and marketing expenses, primarily in its products advertising costs,as well as to the Company’s salary costs and share-based compensation.

• General and administrative expenses in Q3.2021 totaled $1,827,000 (Q3.2020: $1,413,000). The increase is mainly due to higher professional fees, predominantly legal, in connection with intellectual property protection activities.

• IFRS net loss in Q3.2021 totaled $3,723,000, or $0.121 basic loss per ordinary share (Q3.2020: net loss of $1,292,000, or $0.081 basic loss per ordinary share). The increase in IFRS net loss is a result of the items discussed above.

• Non-IFRS net loss in Q3.2021 totaled $3,225,000, or $0.101 basic loss per ordinary share (Q3.2020: loss of $1,638,000, or $0.101 basic loss per ordinary share).

1 Adjusted retrospectively to reflect a 40:1 reverse share split of the Company’s ordinary shares, which became effective on October 15, 2021.

For more information on Safe-T Group Ltd. (Nasdaq, TASE: SFET) visit: www.safe-t.com