Asbis Enterprises PLC — Earnings Release 2020

Dec 23, 2020

Title: Upward adjustment of the financial forecasts for 2020.

Legal basis: Art. 17 ust.1 MAR - inside information

Message:The Board of Directors of ASBISc Enterprises Plc ("theCompany") hereby announces the adjusted Company's financial forecast for2020.

In the current report no. 22/2020 in which the forecast was upgraded for2020, the Company assumed reaching the following:- Sales revenues atthe level between USD 2.0 billion and USD 2.2 billion,- Net profitafter tax at the level between USD 23.0 million and USD 25.0 million.

After adjustment, the Company forecasts for 2020 that it will reach thefollowing:- Sales revenues at the level of the announced forecast,-Net profit after tax at the level between USD 32.0 million and USD 34million.

That means that the Company is aiming to achieve a net profit after taxfor 2020 approx. 36% higher than the previous updated forecast.

The reason for the upward adjustment is the result of:- an increasein sales of higher-margin products and IT solutions,- lower thananticipated financial expenses,- lower than anticipated operatingcosts.

Other assumptions described in the current report no. 18/2020 have notbeen changed.