Asbis Enterprises PLC — Earnings Release 2020

Oct 22, 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.

Originally, through the current report no. 18/2020 the Companyforecasted for 2020 that it would reach the following:- Salesrevenues at the level between USD 2.0 billion and USD 2.2 billion,-Net profit after tax at the level between USD 18.0 million and USD 20.0million.

After adjustment, the Company forecasts for 2020 that it will reach thefollowing:- Sales revenues at the level of the original forecast,-Net profit after tax at the level between USD 23.0 million and USD 25.0million.

That means that the Company is aiming to achieve a net profit after taxfor 2020 approx. 25% higher than initially 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.