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PRESS RELEASE


FOR IMMEDIATE RELEASE


Sarine Opening First Allegro™ Service Center for Automated Planning and Shaping of Gemstones


Kfar Saba, Israel, 9 November 2015 - Singapore Exchange Mainboard-listed Sarine Technologies Ltd ('Sarine') (U77:SI), a worldwide leader in the development, manufacture and sale of precision technology products for the evaluation, planning, processing, finishing, grading and trade of diamonds and gemstones, is pleased to announce the opening of its first Allegro™ service center, providing automated gemstone planning and shaping services. The service center is located in the city of Jaipur, a worldwide hub for gemstone production, and will be operated by Sarine Group's Indian subsidiary.


The Allegro™ was developed by Galatea Ltd, Sarine's wholly-owned subsidiary and the developer of the Galaxy™ family of inclusion mapping systems. Based on advanced 3D laser mapping technology, Allegro™ provides automated, highly accurate evaluation, planning, and precise shaping of rough gemstones. Allegro™ measures the rough gem and calculates a range of cutting plans based on pre-defined shapes, sizes and parameterized preferences. Allegro™ can autonomously select the best value plan, or alternatively, planning decisions may be determined manually by an operator. With the capability to produce virtually identical stones at micron-level accuracy, Allegro™ maximizes the value of the rough gems by significantly increasing the quality and yield of the polished gems.


The first Allegro™ service center will open in Jaipur, Rajasthan, India, in mid-November, immediately following the upcoming Diwali holiday. Plans are underway to offer Allegro™ services to additional locations in Asia and South America in 2016.


Uzi Levami, Chief Executive Officer of Sarine, stated, 'The launch of the Allegro™ marks an exciting milestone for Sarine. The expertise we have accrued these past thirty years has now come full circle, with the application of our technology to gemstones. We are delighted to be applying our automated rough planning expertise with advanced 3D shaping optimisation for the benefit of the gemstone manufacturing industry. We are excited by the opportunity to be


partnering with gemstone manufacturers worldwide to enhance the gemstone production process, as we have done for the midstream diamond industry. It is fortuitous that the Allegro™ services will commence in Jaipur immediately following the Diwali holiday in India. I take this opportunity to wish our Indian customers and partners a very happy Diwali.'


About Sarine Technologies:


Established in 1988, Sarine Technologies Ltd. is a worldwide leader in the development and manufacturing of advanced evaluation, planning, processing, and finishing systems for diamond and gemstone production. Sarine products include diamond Cut, Color and light performance grading tools, the GalaxyTM family of inclusion mapping systems, rough diamond planning optimisation systems, laser cutting and shaping systems, laser-marking and inscription machines and polished diamond visualisation systems. Sarine systems have become an essential gemology tool in every properly equipped gem lab, diamond appraisal business and manufacturing plant, and are today considered essential items by both diamond dealers and retailers. For more information about Sarine and its products and services, visit http://www.sarine.com.


Contact:


Cyrus Capital Consulting Mr. Lee Teong Sang Principal Consultant

Tel: +65-9633 9035

Fax: +65-62546811

E-mail: teongsang@cyrus.com.sg

Sarine Technologies Ltd

Ms. Tamar Brosh

Marketing & Communications Tel: +972-9-7903500 Ext. 148

Fax: +972-9-7903501

E-mail: marketing@sarine.com

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