Extraordinary information - Establishing a development centre

Extraordinary information

A Gloster Infocommunication Public Limited Company (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) in accordance with the relevant legislation, including in particular Act CXX of 2001 on the Capital Market (Tpt.) and the Budapest Stock Exchange the General Business Rules of the Budapest Stock Exchange, hereby informs the Investors.

AI research and a new development centre abroad Gloster invests in

Prestigious The Company has gained direct access to IT talent, continuing the organic international growth

Gloster reaches another major milestone in its international growth strategy: the establishment of its own subsidiary a subsidiary in the Philippines, which has and international growth opportunities for the Company. The new subsidiary, located in Cebu City, will provide a significant financial and economic advantage and international expansion opportunities. cloud engineering and and software development centre in and software development in Cebu, with a capacity of 50 employees by 2030. A local cloud engineers and software developers could result in 20-40% labour cost savings compared to Western Europe and Hungary. IT wages, which could directly improve Gloster's EBITDA margin.

A The Company has signed a strategic cooperation agreement with the University of San Carlos University, under which Gloster will offer internships and teaching programs and joint research and development projects with a Hungarian development team. in the field of artificial intelligence. The aim is to develop AI-based software solutions that can be licensed in the future. SaaS products on a regular basis a regular foreign exchange-based revenue stream for Gloster.

A The establishment of a development centre abroad will strengthen Gloster's international international competitiveness. The new development department will provide the opportunity to the Company to provide more cost-effective and secure services existing international customers, while expanding its presence in the EU, the ASEAN region and the USA. Over the past year, Gloster has developed several pilot projects in the Philippines over the past year and has seen positive experience with both their software development competencies and the English language communication, and the new office is expected to work well with Gloster's teams in the UK, Germany and at home.

A The Hungarian Embassy in the Philippines also helped to launch the projects, to help build local relationships and integrate the Philippines into the business environment. and integration into the business community.

A move is closely aligned with Gloster's LEVEL UP , launched in November 2023 strategy[1], which clearly is clearly based on strengthening foreign markets and increasing efficiency. The new Philippines subsidiary is a key element of this strategy, which not only provides a wage cost advantage, but also the opportunity to do so, to export an even greater proportion of its advanced cloud and software and software technology solutions, and to gain new international markets. From IT outsourcing market worldwide is growing at 10-15% per year which represents a further growth opportunity for the Company.

A Gloster's Board of Directors remains committed to ensuring that the company stable, sustainable and predictable, and will continue to seeking opportunities that will contribute to shareholder value and growth in shareholder value.

About the University of San Carlos

The University of San Carlos (USC) is a private, Catholic research institution in Cebu City, Philippines. The 2022-2023 academic year, it had more than 25 000 students, including 250 international students. 140 faculty members are actively involved in research, and 315 articles have been published in international journals. The university holds 19 patents applications to the Philippine Intellectual Property Office, which Two of these were approved between 2012 and 2022. more than USD 7 million in external research funding.

About Gloster

Gloster in the BSE standard category listed on the BSE, a broad-spectrum international IT service provider. More than 20 from a hardware garage company to a software-focused international to a company with an international presence. Gloster is a fast-growing eleven transactions since 2018, and has grown to become one of the world's largest expanded its activities in systems integration, cloud solutions and and international software development services. The group is currently two business lines (software development and cloud services), According to its audited consolidated accounts for 2023, its turnover (Hungarian standard 10.3 billion HUF, adjusted according to Hungarian accounting standards EBITDA of HUF 976 million and profit after tax of HUF 414 million.

Nagytarcsa, 13 March 2025.

Gloster Infocommunications Plc.

Further information:

Dr. Adrienn Karlovich-Szabó

Investor Relations Officer

karlovich.szabo.adrienn@gloster.hu

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