Other information - Erste says Gloster's latest transaction looks like value creation for shareholders

Other INFORMATION

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Gloster Infokommunikációs Nyilvánosan Működő Részvénytársaság (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János utca 1/A. A/2. ép.; hereinafter: Company, Gloster) hereby informs its esteemed investors of the following in accordance with the relevant legislation and the General Business Rules of the Budapest Stock Exchange.

Erste Gloster's latest transaction appears to be value-creating for shareholders

ERSTE Ltd. responded to responded to Gloster's announcement yesterday, according to which the Company acquired a 70% stake in two of its software development subsidiaries.

According to the brief analysis, “[…] Gloster has increased its previous 51% stake to 70% in Gloster-Minero IT Hungary Kft. and Gloster GmbH. The transaction is being carried out exclusively from the company's own resources. The transactions are the second steps in the previous share acquisitions, which are also included in the strategy published in the spring of 2024, with a target date of no later than the end of 2025.

[…] Based on Gloster's previous transactions and the fact that this is a minority stake, Erste that the two transactions together may have cost several hundred million forints. This also means that the transactions were likely made at a single-digit P/E ratio, while according to Erste analyst expectations, Gloster shares are currently trading at a P/E ratio of 20. Thus, although the financial details of the transaction are unknown, it appears to be value-creating for shareholders," Erste said.

The full analysis is available at the following link: https://www.erstemarket.hu/tartalom/207406/novelte-tulajdonreszet-a-gloster-a-leanyvallalatokban-20240823

This information sheet Gloster Infocommunications Plc. (registered office: 2142 Nagytarcsa, Csonka János u. 1/a). This prospectus contains only factual information and reasonable conclusions based on reasonable calculations, which have been disclosed by the persons entitled to do so in accordance with the relevant legal obligations. This information does not constitute an "investment recommendation" within the meaning of Section 5(1)(9) of the Tpt. (Act CXX of 2001 on the Capital Market) and is not subject to the Bszt. (Act CXXXVIII of 2007 on Investment Firms and Commodity Exchange Service Providers and the Rules Governing their Activities) and does not contain any investment analysis, financial instrument, exchange-traded products or their issuers, the disclosure of which, in itself or in any other way, could influence investors to make their own or other people's money or other assets, in whole or in part, dependent on the effects of the capital market. Gloster Infocommunications Plc. and its representatives accept no responsibility for investment decisions based on conclusions drawn from the information contained in this prospectus, or for any adverse legal consequences or financial losses resulting therefrom.

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Nagytarcsa, August 23, 2024.

Gloster Infocommunications Plc.

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Further information:

Dr Eszter Bassola

Investor Relations Officer

bassola.eszter@gloster.hu