GO Plc

M&A Activity • Dec 4, 2023

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by GO p.l.c. (the "Company") pursuant to the Capital Markets 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.

Transaction with BMIT Technologies p.l.c.

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The Company refers to an announcement made on the 07 August 2023 (the "Prior Announcement") whereby it informed the market that the Company had entered into an Asset Purchase Agreement with BMIT Technologies p.l.c. ("BMIT"), pursuant to which the Company agreed to sell the Transaction Assets subject to the satisfaction of various conditions precedent. All capitalised terms used but not defined in this Company Announcement shall have the meaning given to such terms in the Prior Announcement.

In the months following the signing of the Asset Purchase Agreement, the Company and BMIT have worked together towards the closing of the Proposed Transaction. The Company is now pleased to inform the market that all of the conditions precedent to closing have been satisfied and that the Transaction Assets have been transferred. The Company further wishes to inform the market that:

• i. the Company has sold Passive Telecoms Assets in respect of 278 sites together with the corresponding maintenance functions and all related agreements (including the Master Service Agreement described in the Prior Announcement), and the employee responsible for managing the Passive Tower Rights Portfolio has become an employee of BMIT;
• ii. the final consideration payable for the acquisition of the Transaction Assets described above is €46,563,094;
• iii. the Company and BMIT have entered into a transitional services agreement pursuant to which the Company shall provide certain support services to BMIT in respect of the Passive Telecoms Assets during this initial transition period. These transitional services shall generally be provided for a period of twelve months following closing unless otherwise specified.

For the purposes of article 2(1)(b)(i) of Commission Implementing Regulation (EU) 2016/1055, the Company hereby announces that this company announcement includes 'inside information' in terms of Regulation (EU) 596/2014 (the Market Abuse Regulation).

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Dr. Francis Galea Salomone LL.D. Company Secretary

04 December 2023

LTRH -

Apr 15 –

317

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