Extraordinary information - Gloster on a stable development path: financial performance expected to improve in 2024

Extraordinary information

Gloster Infokommunikációs Nyilvánosan Működő Részvénytársaság (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János utca 1/A. A/2. building; hereinafter referred to as the "Company", "Gloster") is subject to the applicable laws, in particular the Capital Market Act CXX.

Law ("Tpt.") and the General Business Rules of the Budapest Stock Exchange on the following informs the Honourable Investors of the following.

Gloster on a stable development path: financial performance expected to improve in 2024 Forecasted IFRS revenue and EBITDA growth in line with strategic targets

Based on the Company's preliminary financial data, the management of Gloster Infocommunications Plc. expects a significant increase in both IFRS consolidated revenue and IFRS EBITDA in 2024.

The expected IFRS consolidated revenue is expected to be in the range of HUF 13,300 - 13,450 million, which represents an increase of 48-50% compared to the 2023 IFRS revenue of HUF 8,995 million. IFRS EBITDA could also increase and range between HUF 850 million and HUF 1,100 million, an increase of 16-51% compared to HUF 730 million under IFRS in 2023.

*Consolidated unaudited annual data in millions of in HUF

A detailed financial data for 2024 from the Company's Annual Report Annual Report of the Company.

Nagytarcsa, 10 February 2025.

Gloster Infocommunications Plc.

More information:

dr. Adrienn Karlovich-Szabó

Investors relations officer

karlovich.szabo.adrienn@gloster.hu

About Gloster

Gloster is a broad-spectrum international IT service provider listed in the standard category of BSE. In its more than 20-year history, it has evolved from a hardware garage company into a software-focused international player. Thanks to its intensive growth strategy, Gloster has completed eleven transactions since 2018 and expanded its activities into systems integration, cloud solutions and international software development services. The group is currently active in two business segments (software development and cloud services), and according to its audited consolidated financial statements for 2023, it had revenues (according to Hungarian standards) of HUF 10.3 billion, adjusted EBITDA according to Hungarian accounting standards of HUF 976 million and an after-tax profit of HUF 414 million.

This notice has been prepared by Gloster Infokommunikációs Nyrt. (registered office: 2142 Nagytarcsa, Csonka János u. 1/a). This notice contains only factual information and reasonable conclusions based on reasonable calculations, which have been made public by the persons entitled to do so in accordance with the applicable legal obligations. This Prospectus does not constitute an "investment recommendation" within the meaning of Section 5 (1) 9) of the Act on Capital Markets (Act CXX of 2001 on Capital Markets) and Section 4 (2) 8) of the Act on Investment Firms and Commodity Exchange Service Providers and the Rules of Activities They May Perform (Act CXXXVIII of 2007 on Investment Firms and Commodity Exchange Service Providers and the Rules of Activities They May Perform). 4.4.1.2. does not contain any analysis, proposal or other information concerning an investment analysis, a financial instrument, a stock exchange product or its issuer, the disclosure of which, in itself or in any other way, could influence an investor to make his own or another's money or other assets dependent, in whole or in part, on the effects of the capital market. Gloster Infocommunications Plc and its representatives accept no liability for any investment decisions based on the conclusions drawn from the information contained in this prospectus, for any adverse legal consequences thereof or for any financial losses.