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RiT Technologies Announces 2013 Annual General Meeting

May 9, 2013

TEL AVIV, Israel, May 9, 2013 /PRNewswire/ –

RiT Technologies (NASDAQ: RITT), today announced that its 2013 Annual General Meeting
of Shareholders will be held on Monday, June 17, 2013 at 10:00 a.m. (Israel time), at the
offices of the Company, 24 Raoul Wallenberg Street, Tel Aviv, Israel.

The record date for the meeting is May 13, 2013. The Company will send its
shareholders of record a proxy statement describing the various matters to be voted upon
at the meeting, along with a proxy card enabling them to indicate their vote on each
matter. The Company will also furnish the proxy statement to the Securities and Exchange
Commission (SEC) on Form 6-K.

The agenda of the annual general meeting is as follows:

        1) To re-elect three (3) directors to the Board of Directors of the Company;
        2) To re-elect Mr. Israel Frieder as an external director;
        3) To approve the re-appointment of KPMG Somech Chaikin as the Company's
          independent auditors for the fiscal year ending December 31, 2013; and to authorize
          our Board of Directors to delegate to the Audit Committee the authority to fix the
          remuneration of KPMG Somech Chaikin in accordance with the volume and nature of their
          services;
        4) To approve terms of procurement of the liability insurance policy covering
          our directors and officers;
        5) To increase the Company's authorized share capital and to approve related
          amendments to the Company's Memorandum and Articles of Association;
        6) To approve the grant of stock options to our Chief Executive Officer in
          respect of 2012 performance;
        7) To approve the Representative Agreement with IntElorg Pte Ltd. (Singapore),
          affiliated with the Company's controlling shareholder;
        8) To approve the terms and framework of compensation to an employee who is
          related to the Company's controlling shareholder;
        9) To approve a compensation policy for the Company's directors and officers, in
          accordance with the requirements of the Israeli Companies Law;
          10) To consider the audited consolidated financial statements of the Company for
          the year ended December 31, 2012; and
          11) To transact such other business as may properly come before the Meeting or
          any adjournment thereof.

For additional information please refer to the above referenced proxy statement.

About RiT Technologies

RiT is a leading provider of intelligent infrastructure management (IIM) solutions and
a developer of a new revolutionary indoor optical wireless technology solution. Our IIM
products provide and enhance security and network utilization for data centers,
communication rooms and work space environments. They help companies plan and provision,
monitor and troubleshoot their communications networks, maximizing utilization,
reliability and physical security while minimizing unplanned downtime. RiT’s IIM solutions
are deployed around the world, in a broad range of organizations including: data centers,
enterprises, corporations, government agencies, financial institutions, airport
authorities, healthcare institutions, and education institutions. RiT’s indoor optical
wireless technology solution will help our clients streamline deployment, reduce
infrastructure design, installation and maintenance complexity and enhance security in a
cost effective way. RiT’s shares are traded on the Nasdaq exchange under the symbol RITT.

For more information, please visit our website: http://www.rittech.com

Safe Harbor Statement

In this press release, all statements that are not purely about historical facts,
including, but not limited to, those in which we use the words “believe,” “anticipate,”
“expect,” “plan,” “intend,” “estimate”, “forecast”, “target”, “could” and similar
expressions, are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. For example, when we discuss a field trial which could lead
to a multi-million dollar Carrier deal, we are using a forward looking statement. While
these forward-looking statements represent our current judgment of what may happen in the
future, actual results may differ materially from the results expressed or implied by
these statements due to numerous important factors, including, but not limited to, those
described under the heading “Risk Factors” in our most recent Annual Report filed with the
Securities and Exchange Commission (SEC) on Form 20-F, which may be revised or
supplemented in subsequent reports filed with the SEC. These factors include, but are not
limited to, the following: our ability to raise additional financing, if required; the
continued development of market trends in directions that benefit our sales; our ability
to maintain and grow our revenues; our dependence upon independent distributors,
representatives and strategic partners; our ability to develop new products and enhance
our existing products; the availability of third-party components used in our products;
the economic condition of our customers; the impact of government regulation; and the
economic and political situation in Israel. We are under no obligation, and expressly
disclaim any obligation, to update the forward-looking statements in this press release,
whether as a result of new information, future events or otherwise.

        COMPANY CONTACT:

        Elan Yaish
        CFO
        +972-77-270-7210
        Elan.Yaish@rittech.com

SOURCE RiT Technologies Ltd


Source: PR Newswire