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SmarTire Nasdaq Symbol Changed to SMTR

29 January 1999

SmarTire Nasdaq Symbol Changed to SMTR

    RICHMOND, British Columbia--Jan. 29, 1999-- SmarTire(VSE:SES.) SmarTire Systems Inc. announced that effective today, its ticker symbol on Nasdaq will change to SMTR.
    When the Company was first listed on the Nasdaq SmallCap board on December 17, 1998, the symbol was changed to SMTRF. However, at SmarTire's request Nasdaq has changed the symbol back to the original SMTR.
    SmarTire Systems Inc. develops and markets proprietary tire monitoring systems for the North American and European automotive aftermarkets. Through a strategic alliance, SmarTire and TRW Inc. are committed to providing superior tire monitoring systems for both aftermarket and original equipment applications. Additional information is available at www.smartire.com
    On behalf of the Board of Directors, Kevin A. Carlson, C.A., Chief Financial Officer Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Company's customers. Actual results and developments may therefore differ materially from those described in this release.
    The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.