Audientes A/S announces distribution agreement with SimplyJITH Investment Corporation Pvt. Ltd. for hearing aid products in India, the Middle-east and Africa

Scope of the distribution collaboration

Under the terms of the agreement, SimplyJITH Investment Corporation will distribute Audientes' hearing aid products to end-users in a variety of territories, including:

• All of India (both online/ecommerce and offline)
• Middle East & Africa
• Bangladesh
• Myanmar
• Nepal

This agreement will significantly expand Audientes' reach and make its innovative hearing aid solutions more accessible to people in these regions who suffer from hearing loss.

In the first year of the collaboration, SimplyJITH Investment Corporation expects to sell in excess of 4,000 of Audientes hearing aids and hearing enhancement devices across its markets. This is part of Audientes' stated market outlook.

"We are delighted to partner with SimplyJITH Investment Corporation to bring our hearing aids and hearable products to a wider audience," said Mr. P. V. Raman Rao, Country Head & Director of Audientes India Pvt. Ltd. "SimplyJITH Investment Corporation has a strong reputation for distribution and marketing excellence, and we are confident that they will be a valuable partner in helping us to improve the lives of people with hearing loss."

"We are excited to partner with Audientes India Pvt. Ltd. to distribute their user-friendly and affordable hearing products throughout our network," said Mr. Abhijith Jayanthi, Managing Director of SimplyJITH Investment Corporation. "This partnership will allow us to offer our customers with access to high quality hearing aid solutions and help people with hearing loss in the regions we serve live better lives. Our outreach shall also include delivering the Audientes hearing aid solutions to the `Bottom of the Pyramid Population' in South Asia and Africa through our Non-Profit OLIVE Foundation."

For further information, please contact:

Mr. P.V. Raman Rao, Country Head & Director of Audientes India

Email: rr@audientes.com

Phone: ‭+91 91770 49678‬‬‬

Steen Thygesen,CEO, Audientes A/S

Email:st@audientes.com

Phone: ‭+45 77 34 16 80‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬

About SimplyJITH

SimplyJITH Holdings, officially registered as SimplyJITH Investment Corporation Private Limited, operates as a Holding Company headquartered in Hyderabad, India. Their diverse portfolio encompasses Engineering Services, EPC, Electronics, and International Trade. Guided by the ethos of simplicity, they aim to revolutionize technology interactions for individuals and businesses alike. Since their establishment in 2012, SimplyJITH has remained committed to delivering efficient solutions that streamline operations, boost productivity, and elevate user experiences. The company has a strong reputation for providing high-quality products, excellent customer service is committed to helping people improve their health and well-being.

About Audientes A/S

Audientes A/S is a Danish hearing health company specializing in smart, self-fitting and affordable hearing aids and advanced hearables. Audientes' unique hearing aid solution, Ven™ by Audientes, is available for purchase in the Indian and Nepalese markets and will be introduced in other markets in the coming years. Companion by Audientes is an advanced hearable, a consumer electronics product, that is commercially available in Europe and later in 2024 in Japan, China, and other markets.

Audientes' mission is to make high-quality hearing aids and hearables for hearing improvement or hearing enhancement accessible to everyone who needs them globally. Audientes is listed on Spotlight Stock Market Denmark (AUDNTS) and headquartered in Copenhagen, Denmark with subsidiaries in Hyderabad, India and in Tokyo, Japan.

For additional information please refer to the company's websites, www.audientes.com, www.audientes.eu or www.audientes.in.