Novabase SGPS

Regulatory Filings • Nov 7, 2019

Relevant Information

Novabase sells the Government, Transport and Energy business to VINCI Energies

(addendum to the market release of November 4, 2019)

Lisbon, 7 November 2019

Novabase, Sociedade Gestora de Participações Sociais, S.A. ("Novabase"), a publicly held company, hereby, under the terms and for the purposes of article 248.º-A of the Portuguese Securities Code, at the request of CMVM, provides the following additional clarifications in relation to its notice of 4 November 2019, through which it disclosed the entry into on such date of a sales and purchase agreement, by its indirect subsidiary Novabase Consulting SGPS, S.A. ("Novabase Consulting"), and VINCI Energies Portugal, S.A. ("VINCI Energies"), for the sale of its "Application and Data Analytics" business for the Government, Transport and Energy ("GTE Business"):

a) Due to the positive or negative price adjustment clauses agreed between the parties, it is not possible to estimate at this stage, with precision, the final consideration which may be obtained with the transaction, and thus the capital gain/loss which Novabase may have with the completion of the transaction;

b) Without prejudice to the foregoing, it is estimated that the capital gain/loss may fall within the range of €12 million and €15 million, disregarding the impact, which cannot be foreseen on the date hereof, of the positive and negative conditioning circumstances applying to the final consideration. Novabase will provide additional information in this respect, under the legal requirements, if and when such conditioning circumstances materialise and so justify. The above range of amounts is, therefore, a mere estimate, and does not entail any definitive amount.

It is hereby reminded that, for Novabase, and as referred in the notice dated 4 November, the major relevance of the transaction resides in the freeing up of resources achieved by it for the objectives of the Strategic Update 2019+ disclosed to the market on 25 July 2019.