Asbis Enterprises PLC — Earnings Release 2022

May 4, 2022

Title: The financial forecast for FY2022

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

Message:The Board of Directors of ASBISc Enterprises Plc (_quot;theCompany_quot;) hereby announces the Company's financial forecast for Y2022.

The Company forecasts that in 2022 will reach the following:

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

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

Forecasted values result from the Company's strategy including - but notlimited to - a greater focus on computing and consumer electronicproducts - including our own brands - thru Retail, e-Tail and SMB routesto market as well as our solutions for Data Centers to medium and largeenterprises in the geo where we operate.

The significant assumptions made on the forecasted results are thefollowing:

- The war between Russia and Ukraine will deescalate since May 2022,

- There will be no additional attack to any other country by Russia inthe territories we operate

- There will be no further sanctions to any other countries where weoperate,

- There will not be another lockdown which will force retail shops toremain closed and lead to significant decrease in consumer spending,

- The political situation in the non-conflict markets, will notdeteriorate and there will be stability on the financials environment ofthese markets,

- There will not be any significant decrease in demand or supply for ITproducts,

- The financial environment in our major markets of Kazakhstan, UnitedArab Emirates, and Slovakia will not deteriorate, as compared to 2021,

- There will not be any major devaluations of the currencies in ourmajor markets, and therefore it will not negatively affect demand onthose markets,

- There would be no significant disturbance in the general economicenvironment in other markets where the Company operates,

- There would be no significant decrease in sales of higher-marginproducts and solutions in both Value-Added Distribution (VAD) andprivate label products,

- Competition in all major segments will remain similar to that of 2021,with no new significant market entrants,

- The Group will continue enjoying the same terms from its key suppliers,

- The Smartphones segment will not deteriorate more than 10% compared toFY 2021 in the markets we operate,

- There will be no significant shortages of specific components in ITindustry,

- There will not be significant changes in consumer behavior,

- There will not be any new technology marketed which the group does nothave access on its distribution