Asbis Enterprises PLC — Management Reports 2017

Mar 29, 2017

Financial forecast for 2017

The Board of Directors of ASBISc Enterprises Plc ("the Company", "theIssuer") hereby announces the Company's financial forecast for Y2017.

The Company forecasts for 2017 that will reach the following:

- Sales revenue at the level between USD 1,20 billion and USD 1,30billion

- Net profit after tax at the level between USD 5,0 million and USD 6,0million

Forecasted values result from the Company's strategy that includes -butnot limiting to- more focus on sales in the FSU and CEE regions,increase in third party brands distribution and continuation of stableback-to-back own brands business.

The significant assumptions of the forecasted results are the following:

- The situation in our major markets of Russia and Ukraine will not getworse as compared to H2 2016

- If the currencies of Russia and Ukraine will depreciate, it will benot more than 5%, 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

- Competition in all major segments will remain similar to that of 2016,with no new significant market entrants.

- The group will continue enjoying favourable terms from its keysuppliers

Realization of the forecasted results will be monitored by the Companyon a quarterly basis. The monitoring and evaluation criterion will bethe achievement of budgeted revenues and net profit for each quarter of2017. In case of any significant variation between the actual andbudgeted results, the Company will amend this forecast through a currentreport.

Legal ground: § 5 sec. 1 p. 25 of the Regulation of Ministry of Financefrom February 19th, 2009 on current and periodic information publishedby issuers of securities and on conditions of recognition of informationrequired by law of a non-member country as equal (Dz. U. from 2009 No 33pos. 259, as amended).