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 foreign development centre will strengthen Gloster's international competitiveness. The new development department will enable the Company to provide more cost-effective and secure services to its existing international customers, while expanding its presence in the EU, the ASEAN region and the USA markets. Having worked with developers from the Philippines on several pilot projects over the past year, and having had positive experiences with both their software development skills and English language communication, Gloster expects the new office to work well with Gloster's teams in the UK, Germany and at home.

The Hungarian Embassy in the Philippines has also been involved in the launch of the projects, helping to build local relationships and smooth integration into the business environment.

The move is closely aligned with Gloster's LEVEL UP , launched in November 2023 strategy[1], which is clearly based on strengthening foreign markets and increasing efficiency. The new subsidiary in the Philippines is a key element of this strategy, which not only provides a wage cost advantage, but also gives the company the opportunity to export an even greater share of its advanced cloud and software technology solutions and to awquirenew international markets. The global IT outsourcing marketis growing at a compound annual growth rate of 10-15% which represents a further expansion 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 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.

Nagytarcsa, 2025. march 13.

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