Asbis Enterprises PLC — Management Reports 2021

Mar 29, 2021

Title: The financial forecast for FY2021

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

Message: The Board of Directors of ASBISc Enterprises Plc ("theCompany") hereby announces the Company's financial forecast for Y2021.

The Company forecasts that in 2021 will reach the following:

- Sales revenue at the level between USD 2.7 billion and USD 2.9 billion,-Net profit after tax at the level between USD 47 million and USD 51million.

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:

- 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 markets we operate will not deteriorateand there will be stability on the financials of the major markets,

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

- The financial environment situation in our major markets of Russia,Ukraine, Kazakhstan, Belarus and Slovakia will not deteriorate, ascompared to 2020,

- There will not be any major devaluations of the currencies of Russia,Belarus, Kazakhstan and Ukraine, and therefore it will not negativelyaffect demand on those 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 2020,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 2020 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.

Realization of the forecasted results will be monitored by the Companyon a quarterly basis. The monitoring and evaluation criteria will be theachievement of budgeted revenues and net profit for each quarter of2021. In case of any significant variation between the actual andbudgeted results, the Company will amend this forecast through a currentreport.