Harvest Technology Plc

Notice of Dividend Amount • Apr 13, 2023

COMPANY ANNOUNCEMENT

Harvest Technology plc

Board Approval of audited financial statements for the financial year ended 31 December 2022; Dividend; Business Update

Date of Announcement	13 April 2023
Reference No:	42/2023
Capital Market Rule:	5.16

QUOTE

Approval of audited financial statements

Further to the company announcement dated 11 April, 2023 (HRV41) it is hereby announced that the Board of Directors of Harvest Technology plc (the "Company") has approved the audited financial statements of the Company for the financial year ended 31 December, 2022. A copy of the said audited financial statements can be viewed on the company's web portal: https://harvest.tech/financialstatements/. Attached to this company announcement is a Directors' Declaration on ESEF Annual Financial Reports.

For the purposes of Capital Markets Rule 5.16.24, it is hereby noted that the difference between the results shown in the said audited financial statements and the projections for the year ended 31 December 2022 featured in the company announcement dated 3 June 2022 (HRV 30) amount to circa €0.9 million at the profit before tax level. In such company announcement it was indicated, inter alia, that the Company was expected to achieve higher revenue versus the prior year however profit before tax was expected to be around €3 million. Actual profit before tax for the year amounted to €2.1 million. This decline in performance can be largely attributed to challenges that the Company and its subsidiaries (together, the "Group") faced during the year, as anticipated in the business update

provided on 2 December, 2022 (vide company announcement HRV 39, in which it was noted that based on the ongoing assessment of the Group's performance and considering the continued persistence of the challenges highlighted in that and previous announcements, profit before tax for the year was expected to be lower than previously projected). Such challenges affected, in particular, the Group's payment processing service segment, APCOPAY, which generated less revenue and profitability due to increased regulatory scrutiny and additional licensing requirements imposed on online gaming operators. As a result, the Group experienced a decrease in volume processed through its gateway, which in turn impacted revenue from both its merchants and partnering banks. Additionally, the year was impacted by further costs in relation to the development of the new cloud-based payment gateway, which is due to be launched in the second half of 2023. In the Retail and IT segment, specifically APCO Limited, the Group encountered some delays in the award of certain tenders, which tenders were eventually awarded in the last quarter of 2022 and are expected to be executed in 2023.

Approval of final dividend

The Board of Directors announces that it has resolved to distribute a net dividend of €113,903 equivalent to €0.005 per share, following rounding (the "Dividend"), which would result in an aggregate net dividend for the financial year ended 31 December, 2022 of €797,322 equivalent to €0.035 per share, following rounding. All shareholders included in the shareholders' register of the Company as at 24 April 2023 shall be entitled to receive their respective share of the Dividend. Payment of the Dividend shall be on or around 5 May, 2023.

Business update

In 2023, the Group plans to intensify efforts to invest further in its payment gateway as aforesaid, to offer new products and services to clients. At PTL and APCO Limited level, the Group continues to focus on investment in growing the business both locally and internationally. This investment is expected to have an impact on the income statement in the current year but is expected to generate positive returns in future years. Furthermore, the Group is also evaluating strategic investments in the financial technology space that

can strengthen the position of its payments business. The Board's main goal remains to create sustainable value for the Company's shareholders by diversifying the Group's product offerings and improving operational efficiency to address ongoing market challenges. The Board of Directors of the Company remains committed to leveraging the Group's strengths and driving long-term growth in the rapidly evolving technology sector.

UNQUOTE

By the order of the Board.

________________

Dr Malcolm Falzon Company Secretary

Harvest Technology plc Nineteen Twenty Three, Valletta Road, Marsa, MRS 3000, Malta

T +356 2144 5566 E info@harvest.tech

DIRECTORS' DECLARATION ON ESEF ANNUAL FINANCIAL REPORTS

We, Mr. Keith Busuttil and Mr. Stephen Paris, in our capacity as Directors of Harvest Technology p.l.c., hereby certify:

• i. That the Annual Financial Report for the year ended 31 December 2022 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 the Companies Act (Chapter 386 of the Laws of Malta).

Signatu Mr. Keith Busuttil Chairman and Director

Signature Mr. Stephen Paris Director

⁴ Commission Delegated Regulation 2019/815 on the European Single Electronic Format, as may be further amended from time to time.

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