Extraordinary information - Gloster wins contract for a 10,000-user complex systems integration project

Extraordinary 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 referred to as: Company, Gloster) hereby informs its esteemed investors of the following in accordance with the relevant legislation, in particular Act CXX of 2001 on the Capital Market (hereinafter referred to as: Tpt.) and the General Business Rules of the Budapest Stock Exchange.

Gloster wins contract for complex system integration project with 10,000 users

Gloster has won a significant investment, a HUF 780 million IT system integration contract from a market customer. During the project, the Company will build a 46-kilometer-long IT network, install 1,060 active devices, and provide complex system integration services. According to the agreement, the expected deadline for the entire contract is the end of next year. With this contract, Gloster is implementing its largest system integration project to date.

In implementing the system serving 10,000 users, Gloster not only sells equipment, but also provides complex system integration. The project is financed from its own resources, with Gloster not using any additional external sources for implementation. In order to meet the deadline, Gloster employs an efficient internal project management team that coordinates all aspects of the work. To ensure the successful implementation of the project, the Company pays particular attention to quality assurance and customer satisfaction.

For Gloster, this contract is not only significant from a financial point of view, but also promotes further growth in the company's reputation and professional recognition. Through the successful implementation of such large-scale projects, Gloster further strengthens its position in the market and demonstrates its capabilities in complex system integration tasks.

Publication of high-value contracts awarded in the recent period

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About Gloster

Gloster is a broad-spectrum international IT service provider listed in the standard category of the Budapest Stock Exchange. Over its more than 20-year history, it has evolved from a hardware garage company into a software-focused international medium-sized enterprise. Thanks to its intensive growth strategy, Gloster has completed eleven transactions since 2018 and expanded its activities into the areas of system integration, cloud solutions, and international software development services. The group currently employs a team of nearly 350 people. According to its audited consolidated financial statements for 2023, its revenue was HUF 10.3 billion, its adjusted EBITDA was HUF 976 million, and its after-tax profit was HUF 414 million.

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Nagytarcsa, 30 September 2024.

Gloster Infocommunications Plc.

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Further information:

Dr. Adrienn Karlovich-Szabó

Investor Relations Officer

karlovich.szabo.adrienn@gloster.hu