Erste sees the sale of three small companies as a good move to increase shareholder value

Other INFORMATION

The Gloster Infocommunications Public Limited Company Aktientársaság (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János utca 1/A A/2. ép.; hereinafter referred to as the "Company, Gloster) hereby informs the following to the Honoured Investors pursuant to the applicable laws and the General Business Rules of the Budapest Stock Exchange.

Erste sees the sale of the three small companies as a good move to increase shareholder value

The ERSTE Investment Ltd. has published a brief assessment of Gloster's recent announcement that the Company will sell some of its smaller subsidiaries and use the proceeds to acquire additional shares in its fast-growing larger subsidiaries.

According to the analysis, "[...] Gloster sells the Gloster Security (100 percent), Gloster Telekom (100 percent) and FF Next Technologies (54 percent). The proceeds from the sale will be used to finance the Gloster to increase its shareholding in the subsidiaries Minero and P92. ".

The sale of the three small companies is seen as a good move, and in particular that the proceeds, estimated by Erste at between HUF 100-200 million, will be used by Gloster to acquire stakes in larger, better performing companies. Erste believes that this is a value-enhancing move for shareholders.

The full analysis available at: https://www.erstemarket.hu/tartalom/204811/kis-leanyvallalatokat-ad-el-a-gloster-20240626

This information note has been produced by Gloster Infocommunications Plc. (registered office: 2142 Nagytarcsa, Csonka János u. 1/a). factual information and reasonable information based on reasonable calculations conclusions, which are based on reasonable and reasoned information and which may be relied upon by persons entitled to do so under the applicable obligations under the applicable legal provisions. Present (Act CXX of 2001 on the Capital Market), § 5 (1) paragraph 5(5)(9) of the Stock Exchange Act does not constitute an "investment recommendation" and is not subject to the provisions of the Bszt. (on investment firms and commodity exchange service providers and on the and the rules governing the activities they may carry out) Article 4(2)(8) does not include investment analysis, financial instruments, exchange-traded products or their issuers or other information, the disclosure of which would in itself or in any other way, may influence the investor to decide for himself or or other person's money or other assets from the effects of the capital market, in whole or in part on the influence of the market. Gloster Infocommunications Plc. and its representatives do not assume any responsibility for any conclusions drawn from the information in this prospectus for any investment decisions based on the conclusions of the information contained herein, their adverse legal consequences, or financial losses.

Nagytarcsa, 2024. June 28.

Gloster Infocommunications Plc.

More information:

dr. Eszter Bassola

Investors relations officer

bassola.eszter@gloster.hu