Other information - According to Erste, Gloster's latest transaction appears to be value-creating for shareholders.

Other INFORMATION

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Gloster Infocommunications Public Limited Company (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János Street 1/A, Building A/2; hereinafter: the Company, Gloster) hereby informs its esteemed investors of the following in accordance with applicable laws and the General Rules of the Budapest Stock Exchange.

According to Erste, Gloster's latest transaction appears to create value for shareholders

ERSTE Investment Ltd. responded to Gloster’s announcement yesterday, which stated that the Company had acquired a 70% stake in each of its two software development subsidiaries.

According to the brief analysis, “[…] Gloster has increased its stake from 51% to 70% in Gloster-Minero IT Hungary Kft. and Gloster GmbH. The company is financing the transaction exclusively from its own resources. These transactions are the second steps in the series of previous equity acquisitions, as outlined in the strategy published in the spring of 2024, with a target date of no later than the end of 2025.”

[…] Based on Gloster’s previous transactions and the fact that this involves a minority stake, Erste estimates that the two transactions combined may have cost several hundred million forints. At the same time, this also means that the transactions likely took place at a single-digit P/E ratio, while based on Erste’s 2024 analyst estimates, Gloster shares are currently trading at a P/E ratio of 20. “Thus, although the financial details of the transaction are unknown, it appears to be value-creating for shareholders,” Erste stated.

The full analysis is available at the following link: https://www.erstemarket.hu/tartalom/207406/novelte-tulajdonreszet-a-gloster-a-leanyvallalatokban-20240823

This prospectus was prepared by Gloster Infokommunikációs Nyrt. (headquarters: 2142 Nagytarcsa, Csonka János u. 1/a). This prospectus contains only factual information and reasonable conclusions based on reasonable calculations, which have been disclosed by the authorized parties in accordance with applicable legal obligations. Pursuant to Section 5(1)(9) of the Capital Markets Act (Act CXX of 2001 on the Capital Market), this prospectus does not constitute an “investment recommendation,” and pursuant to the Securities Act (Act CXXXVIII of 2007 on Investment Firms and Commodity Exchange Service Providers and the Rules Governing Their Activities), does not contain any analysis, recommendation, or other information regarding investment analysis, financial instruments, exchange-traded products, or their issuers, the disclosure of which, on its own or in any other way, could influence an investor to make their own or another person’s money or other assets, in whole or in part, dependent on the effects of the capital market. Gloster Infokommunikációs Nyrt. and its representatives assume no liability for investment decisions based on conclusions drawn from the information contained in this prospectus, nor for any adverse legal consequences or financial losses resulting therefrom.

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Nagytarcsa, August 23, 2024

Gloster Infocommunications Plc.

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Further information:

Dr. Eszter Bassola

investor relations officer

bassola.eszter@gloster.hu