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

Other INFORMATION

The Gloster Infocommunications Public Limited Company Aktientársaság (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János utca 1/A. building A/2.; hereinafter referred to as "the Company", Gloster) is subject to the applicable laws and the General In accordance with the provisions of the legal and regulatory framework and the Budapest Stock Exchange Rules and Regulations Investors.

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

Reacted ERSTE Investment Ltd. to Gloster yesterday's , according to which the Company holds a 70 % stake in two software development subsidiaries stakes in 70 % of the company's software development.

According to the brief analysis, "[...] The 51% of the to 70% in Gloster-Minero IT Hungary Kft. and Gloster GmbH. The transaction was financed entirely from the company's own resources. from its own resources. The transactions are the second step of the previous acquisitions, which are also included in the strategy published in spring 2024, to be completed by 2025 at the latest. with a target date of the end of 2025.

[...] Based on Gloster's previous transactions and, minority stake, the two transactions together should be considered as some hundreds of millions of forints, according to Erste . At the same time, this means that  there is a good chance that they were made at a single-digit P/E ratio transactions, while Erste 's analyst expectation for 2024 is that Gloster shares are currently trading at a P/E of 20. Thus, although the financial details of the transaction are not known, but the transaction appears to be a value creator for shareholders." - Erste.

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

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, 23 August 2024.

Gloster Infocommunications Plc.

More information:

dr. Eszter Bassola

Investors relations officer

bassola.eszter@gloster.hu