Smith & Wesson to Relocate Headquarters to Tennessee

Move includes headquarters and significant portion of operations due to changing business climate for firearms
manufacturing in Massachusetts

SPRINGFIELD, Mass., Sept. 30, 2021 /PRNewswire/ — Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), one of the nation’s oldest
firearms manufacturers, announced today that it is moving its headquarters and significant elements of its operations to Maryville, Tennessee in
2023. Smith & Wesson has been based in Springfield, Massachusetts since the company was incorporated in 1852.