2024/09/30

Information on the dividend policy of Gloster Infokommunikációs Nyilvánosan Működő Részvénytársaság

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Extraordinary information

A Gloster Infocommunication Public Limited Company (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 legislation, in particular Act CXX of 2001 on the Capital Market ("Act") and the the General Business Rules of the Budapest Stock Exchange, hereby informs the Dear Investors, in accordance with the Company's long-term value creation objectives the Company's dividend policy in line with its long-term profitability objectives.

Information of Gloster Infocommunication Public Limited Company dividend policy

From principles of dividend payment

A Sustainable growthis at the heart of Gloster's strategic objectives and increasing shareholder value. To this end, the Company is committed to and direct shareholder value through the recycling of profits and and direct remuneration, taking into account the need for a stable and sustainable financial position. The dividend payment is based on a positive cash-flow, sustainable profits and an appropriate, justified level of The proposal for the first dividend payment will be made at the earliest at the earliest when the 2026 IFRS accounts are adopted. The exact amount of the dividend will be set out in the 2026 2026 will be proposed by the Company's management to the General Meeting of Shareholders.

A The Company's management is committed to profitable growth over the long term and to and intends to reinvest part of the profits generated in investments, which create significant added value. The exact dividend the amount of the dividend will take into account the current state of the growth strategy and the need for further investment the need for further investment.

From factors that help and hinder dividend payments

A The Company's management has identified the following factors as contributing to the dividend payment effects supporting the dividend payment:

Profit in excess of plan: if the Company's net profit exceeds the planned level - for example, due to significant significant orders[1] the management can use the extra profit to pay dividends. The management may pay out extra profits[2].

Sustainable financial position: planned level of indebtedness and ensuring a stable positive cash flow are also favourable conditions for dividend payments. This is supported by Gloster "Level UP" programme[3] which is a strategic goal of the management.

Growth in foreign revenues: if foreign expansion foreign exchange earnings from foreign expansion exceed the planned level - in particular service-based revenues from new customers, which should be increased in line with the strategic goal of the Partnership - management will also see this as a positive will be taken into account as a positive when determining the dividend rate.

4. Capital structure optimization: the assets that do not directly serve growth, or (in the case of (or the sale of subsidiaries, if any) are used to (e.g. from the sale of subsidiaries or the sale of subsidiaries or divestments of subsidiaries) can also increase the reserves on which dividends are paid.

A management among the negative factors affecting dividend payments IT salaries above the national average, the economic downturn and the economic crises, escalation of geopolitical conflicts, and other factors that could and other external factors beyond management's control and not financially hedgeable. factors beyond management's control that may generate unforeseen costs. Such factors include significant changes in the legal and tax environment (e.g. the introduction of special taxes) that may impose additional burdens on the Company. The dividend payments may also be delayed if the Company is subject to new, significant, and possibly foreign company(ies), in addition to the currently published plans of foreign companies.

A Gloster shares are followed by ERSTE Investment Ltd., target price 1.183 HUF, buy with a buy recommendation.

About Gloster

Gloster on BSE listed in the standard category of the BSE, offering a wide range of international IT international IT service provider. In its more than 20-year history, Gloster has grown from a hardware garage company to a software to an international medium-sized company with a software focus. Gloster is a fast-growing eleven transactions since 2018 and has grown to expanded its activities in systems integration, cloud solutions and and international software development services. The group is currently with a team of nearly 350 people, its audited consolidated accounts for 2023 with revenues of HUF 10.3 billion and adjusted EBITDA of HUF 976 million, Profit after tax of HUF 414 million.

Nagytarcsa, 30 September 2024.

Gloster Infocommunications Plc.

More information:

dr. Adrienn Karlovich-Szabó

Investors relations officer

karlovich.szabo.adrienn@gloster.hu

[1] 2024.06.19 EUR 15 million industrial Gloster wins industrial software development contract from BMW; 2024.07.02 More than EUR 700,000 worth of Gloster wins software development contract from German Audi; 2024.09.12. Gloster (Sony Music); 2024.09.18 A significant cloud business has been added to the Gloster

[2] https://gloster.hu/uploads/befektetoknek/tarsasagra-vonatkozo-alapinformaciok/befektetoi-prezentacio/Befektetoi-prezentacio-2024-tavasz-660284703a94f.pdf

[3] https://gloster.hu/uploads/befektetoknek/kozzetetel/rendkivuli_tajekoztatasok/28982-Rendkivuli-tajekoztatas_-Evi-200-millios-vallalatfejlesztesi-program-indul-a-Glosterben.pdf

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Information on the dividend policy of Gloster Infokommunikációs Nyilvánosan Működő Részvénytársaság

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