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Smith Micro Announces Pricing of Public Offering

Dec 14, 2006

ALISO VIEJO, CA - Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it has priced an offering of shares of its common stock at $14.75 per share. The offering consists of 4,500,000 shares, of which 4,000,000 are primary shares offered by the company, and 500,000 are secondary shares offered by a selling stockholder. In addition, the company has granted the underwriters an option to purchase up to an additional 675,000 shares to cover over-allotments, if any.

UBS Investment Bank is acting as the book-running manager in this offering and C.E. Unterberg Towbin, LLC, Needham & Company, LLC, Merriman Curhan Ford & Co. and ThinkEquity Partners LLC are acting as co-managers.

The offering is being made pursuant to an effective shelf registration statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. This offering of shares of common stock may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus may be obtained from UBS Securities LLC, Prospectus Department, 299 Park Avenue, New York, NY 10171, telephone 212-821-3884.