Portfolio clean-up: Gloster successfully sold its stake in FF Next Technologies Kft.

Extraordinary information

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Gloster Infokommunikációs Nyilvánosan Működő Részvénytársaság (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János utca 1/A. A/2. ép.; hereinafter: Company, Gloster) hereby informs its esteemed investors of the following in accordance with the relevant legislation, in particular Act CXX of 2001 on the Capital Market (hereinafter: Tpt.) and the General Business Rules of the Budapest Stock Exchange.

Portfolio clean-up: Gloster successfully sold its stake in FF Next Technologies Kft.

Gloster Infocommunications Plc. informs investors that it has successfully completed the sale of its 54.7% stake in FF Next Technologies Kft. The purpose of the sale is to increase Gloster's profitability and liquidity, enabling it to reallocate resources to its faster-growing subsidiaries focused on international markets.

As part of its portfolio streamlining strategy, Gloster is selling its smaller subsidiaries that have minimal or negative impact on consolidated earnings. The sale of FF Next Technologies Kft. will enable the company to acquire additional shares in Gloster-P92 Informatikai Kft., which accounts for a significant portion of the group's earnings.

As a result of the sale, the Company's revenue-based earnings are expected to increase, while freeing up administrative capacity. Gloster's management remains committed to improving efficiency as part of the HUF 200 million corporate development program announced on November 27, 2023.

The sale of FF Next Technologies Kft. is part of a comprehensive portfolio streamlining strategy aimed at concentrating and more efficiently utilizing corporate resources, thereby promoting long-term growth and increasing shareholder value. The move is consistent with the objectives of the investment presentation published on March 26, 2024, and remains committed to increasing shareholder value.

Gloster shares are tracked by ERSTE Ltd. with a target price of HUF 1,183 and a buy recommendation.

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About Gloster

Gloster is a broad-spectrum international IT service provider listed in the standard category of the Budapest Stock Exchange. Over its more than 20-year history, it has evolved from a hardware garage company into a software-focused international medium-sized enterprise. Thanks to its intensive growth strategy, Gloster has completed eleven transactions since 2018 and expanded its activities into the areas of system integration, cloud solutions, and international software development services. The group currently employs a team of nearly 350 people. According to its audited consolidated financial statements for 2023, its revenue was HUF 10.3 billion, its adjusted EBITDA was HUF 976 million, and its after-tax profit was HUF 414 million.

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Nagytarcsa, September 13, 2024.

Gloster Infocommunications Plc.

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Further information:

Dr. Adrienn Karlovich-Szabó

Investor Relations Officer

karlovich.szabo.adrienn@gloster.hu