Asbis Enterprises PLC — Management Reports 2021

Aug 25, 2021

Title: Upward adjustment of the financial forecasts for 2021.

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 for2021.

Originally, through the current report no. 05/2021 the Companyforecasted for 2021 that it would reach the following:- Salesrevenues at the level between USD 2.7 billion and USD 2.9 billion,-Net profit after tax at the level between USD 47.0 million and USD 51.0million.

After adjustment, the Company forecasts for 2021 that it will reach thefollowing:- Sales revenues at the level between USD 2.9 billion andUSD 3.1 billion,- Net profit after tax at the level between USD 71.0million and USD 74.0 million.

That means that the Company is aiming to achieve revenues for 2021approx. 7% higher and a net profit aftertax approx. 45% higher ascompared to the upper ranges of the original forecast.

The reason for the upward adjustment is the result of:• an increasein sales of higher-margin products and IT solutions,• higher thananticipated shortages in the markets in H1 2021 leading to higher pricesand better margins,• ability of the Group to grow significantlyhigher than the market itself.

Other assumptions described in the current report no. 05/2021 have notbeen changed.