The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

November 17, 2021

ProPhotonix Limited

("ProPhotonix" or the "Company")

POSTING OF NOTICE OF SPECIAL SHAREHOLDER MEETING

ProPhotonix Limited (London Stock Exchange - AIM: PPIX, OTC: STKR), a high technology designer and manufacturer of LED illumination systems and laser diode modules, with operations in Ireland and the United Kingdom, announces that its Notice of Special Shareholder Meeting ("SSM") to approve the proposed acquisition by Exaktera, LLC and the cancellation of its common stock from trading on AIM has been posted to stockholders today and is available on the Company's website.

The Company's SSM will be held on December 15, 2021 at 11:30 a.m. Eastern Time (U.S.) at the offices of Nutter, McClennen & Fish LLP, 155 Seaport Boulevard, Boston, Massachusetts, 02210, United States. Only stockholders of record at the close of business on November 11, 2021 are entitled to notice of, and to vote at, the SSM.

The Notice of the SSM can be viewed and downloaded from the Company's website at www.prophotonix.comand further details of the transaction are set out in the announcement of 11 November 2021

The confirmed timetable of events s as follows:

Expected Timetable of Principal Events

Event

Time and/or Date

Execution of Merger Agreement

10 November 2021

Last time for lodging the Form of

11:30 a.m. Eastern Time

Direction

(U.S.) on 10 December 2021

Record Date for determining the

11 November 2021

Stockholders entitled to vote at

and receive notice of the

Stockholders Meeting

Last time for lodging the Form of

11:30 a.m. Eastern Time

Proxy

(U.S.) on 13 December 2021

Last time for lodging the Form of

11:30 a.m. Eastern Time

Declarations

(U.S.) on 13 December 2021

Stockholders

Meeting

of

11:30 a.m. Eastern Time

Company

(U.S.) on 15 December 2021

Distribution

of

the Proxy

16 November 2021

Statement

and

Notice

of

Stockholders Meeting

Last day of dealing in Company

16 December 2021*

Common Stock on AIM

Closing of the Acquisition

16 December 2021*

Payment of Acquisition Price to

16 December 2021*

Stockholders commences**

Termination

of the

Depository

7:00 a.m. London Time on 17

Interest Register

December 2021

Date of Cancellation

7:00 a.m. London time on 17

December 2021*

*Subject to satisfaction or waiver of other conditions to closing as provided for in the Merger Agreement.

Enquiries:

ProPhotonix Limited

Tim Losik

President and CEO

Tel: +1 603 893 8778

Email:ir@prophotonix.xom

WH Ireland

Katy Mitchell

Nominated Adviser and Broker

Ben Good

Tel: +44 (0) 20 7220 1666

About ProPhotonix

ProPhotonix Limited, headquartered in Salem, New Hampshire, is a high technology designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Ushio, Osram, QSI, Panasonic, and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, security, UV curing, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, U.K., and Europe. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.

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Disclaimer

ProPhotonix Limited published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 07:06:02 UTC.