Special announcement - Gloster wins contract for complex system integration project involving 10,000 users

Special NOTICE

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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, in particular Act CXX of 2001 on the Capital Market (“Tpt.”) and the General Rules of the Budapest Stock Exchange.

Gloster has been awarded a contract for a complex system integration project involving 10,000 users

As part of a major investment, Gloster has been awarded a 780 million forint IT system integration contract from a commercial client. As part of the project, the Company will build a 46-kilometer-long IT network, install 1,060 active devices, and provide complex system integration services. According to the agreement, the entire project is expected to be completed by the end of next year. With this contract, Gloster is undertaking its largest system integration project to date.

In implementing the system, which serves 10,000 users, Gloster not only sells equipment but also provides comprehensive system integration. The project is self-funded; Gloster does not rely on any additional external funding for its implementation. To ensure on-time completion, Gloster employs an efficient internal project management team that coordinates all aspects of the work in detail. To ensure the project’s success, the Company pays special attention to quality assurance and customer satisfaction.

For Gloster, this contract is not only significant from a financial standpoint, but it also contributes to the further growth of the Company’s reputation and professional recognition. Through the successful implementation of such large-scale projects, Gloster further strengthens its position in the market and demonstrates its capabilities in the field of complex system integration tasks.

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About Gloster

Gloster is a broad-spectrum international IT service provider listed in the BSE’s Standard category. Over the course of its more than 20-year history, it has evolved from a hardware-focused garage startup into a software-focused international mid-sized company. Thanks to Gloster’s aggressive growth strategy, it has completed eleven transactions since 2018 and expanded its operations into the areas of systems 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 10.3 billion forints, its adjusted EBITDA was 976 million forints, and its net income was 414 million forints.

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Nagytarcsa, September 30, 2024

Gloster Infocommunications Plc.

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Further information:

Dr. Adrienn Karlovich-Szabó

investor relations officer

karlovich.szabo.adrienn@gloster.hu