Asbis Enterprises PLC — Earnings Release 2022

Nov 7, 2022

Title: Upward adjustment of the financial forecasts for 2022.

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

Message:The Board of Directors of ASBISc Enterprises Plc ("theCompany_quot;) hereby announces the adjusted Company's financial forecast for2022.

Originally, through the current report no. 17/2022 the Companyforecasted for 2022 that it would reach the following:

- Sales revenues at the level between USD 2.2 billion and USD 2.4billion,

- Net profit after tax at the level between USD 48.0 million and USD52.0 million.

After adjustment, the Company forecasts for 2022 that it will reach thefollowing:

- Sales revenues at the level between USD 2.6 billion and USD 2.8billion,

- Net profit after tax at the level between USD 70.0 million and USD74.0 million.

That means that the Company is aiming to achieve revenues for 2022approx. 17% higher and a net profit after tax approx. 42% higher ascompared to the upper ranges of the original forecast.

The reason for the upward adjustment is the result of:

? an increase in sales of higher-margin products and IT solutions,

? an increase in sales in non-conflict markets,

? higher than anticipated sales in Ukraine,

? higher than anticipated shortages in the markets in H2 2022 leading tohigher prices and better margins,

? lower than anticipated operating costs.

Other assumptions described in the current report no. 17/2022 have notbeen changed.