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RNS Number : 8903F

Ethernity Networks Ltd

24 March 2022

24 March 2022

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

Holding in Company

Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of networking processing technology ported on FPGA (field programmable gate array) for virtualised networking appliances, received notification on 22 March 2022 from 5G Innovation Leaders Fund, LLC (the "Investor") that the Investor's voting rights have fallen below 6% and are currently between 5% and 6%.

Enquiries:

Ethernity Networks Tel: +972 8 915 0392

David Levi, Chief Executive Officer

Mark Reichenberg, Chief Financial Officer

   Arden Partners plc (NOMAD and Broker)                             Tel: +44 207 614 5900 

Richard Johnson / George Morgan

   Peterhouse Capital Limited (Joint Broker)                              Tel: +44 20 7562 0930 

Lucy Williams / Duncan Vasey / Eran Zucker

About Ethernity Networks

Ethernity Networks (AIM: ENET.L) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ethernity's FPGA logic offers complete Carrier Ethernet Switch Router data plane processing and control software with a rich set of networking features, robust security, and a wide range of virtual function accelerations to optimize telecommunications networks. Ethernity's complete solutions quickly adapt to customers' changing needs, improving time-to-market, and facilitating the deployment of 5G, edge computing, and NFV.

For more information on Ethernity's products and solutions, please see The Company's website at www.ethernitynet.com .

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(END) Dow Jones Newswires

March 24, 2022 04:11 ET (08:11 GMT)

Ethernity Networks (LSE:ENET)
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