RS2 Software Plc

Annual Report • Apr 27, 2022

RS2 Software p.l.c.

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by RS2 Software p.l.c. ("the Company") pursuant to the Capital Market Rules as issued by the Malta Financial Services Authority in accordance with the provisions of the Financial Markets Act (Chapter 345 of the Laws of Malta) as they may be amended from time to time.

Quote:

At the meeting held on the 27 April 2022, the Board of Directors of the Company, approved the financial statements for the year ended 31 December 2021. The Board resolved that these financial statements be submitted for the approval of the shareholders at the forthcoming Annual General Meeting which is scheduled to be held remotely on the 27 June 2022. Shareholders appearing on the shareholders' register as at the close of business on 25 May 2022, will receive notice of the Annual General Meeting.

The Board of Directors has authorised the publication of the Annual Report and Consolidated Financial Statements, which is available for viewing on the Company's website at https://www.rs2.com/company/investor-relations/news-publications/financial-statements.

Attached to this Company Announcement is a Directors' Declaration on the ESEF Annual Financial Reports.

Notice of material variance

The Board of Directors notes that the results for the year ended 31 December 2021 vary positively as compared to the 2021 projected results as published in the Prospectus dated 19 February 2021. Despite delays in expected revenues from business operations due to unforeseen circumstances and dependence on third party deliverables, all other projected revenues were met, thereby allowing the Group to successfully turn around its financial performance into a respectable profit, which not only meets but exceeds projected results.

Unquote.

Dr. Ivan Gatt Company Secretary 27 April 2022

DIRECTORS' DECLARATION ON THE ESEF ANNUAL FINANCIAL REPORT 2021

We, Mario Schembri and Radi Abd El Haj, in our capacity as Directors of RS2 Software p.l.c - C25829 hereby certify:

• i. that the Annual Financial Report for the year ended 31st December 2021 has been approved by the Board of Directors of the Company and is hereby being made available to the public.
• ii. that the Annual Financial Report has been prepared in terms of the applicable rules and regulations, including the Commission Delegated Regulation on the European Single Electronic Format ("ESEF")1 and the Capital Markets Rules2.
• iii. that the Audit Report on the ESEF Annual Financial Report is an exact copy of the original signed by the auditor and that no alterations have been made to the audited elements of the Annual Financial Report including the annual financial statements.
• iv. that the Annual Financial Report shall serve as the official document for the purposes of the Capital Markets Rules and, where the issuer is registered in Malta, the Companies Act (Chapter 386 of the Laws of Malta).

Mario Schembri

Radi Abd El Ha Director

Chairman 27th April 2022

2 Capital Markets Rules as issued by the Malta Financial Services Authority (MFSA).

Tel: +356 2134 5857 Email: info@rs2.com Vat: MT 1185-5601 Co. Reg No: C25829

R\$2 Software p.l.c, R\$2 Buildings, Fort Road, Mosta MST 1859, Malta, Europe

¹ Commission Delegated Regulation 2019/815 on the European Single Electronic Format, as may be further amended from time to time.