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GO Plc M&A Activity 2023

Mar 16, 2023

2053_rns_2023-03-16_38619b38-0f11-4d0f-a73b-5e4a5532cf19.pdf

M&A Activity

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COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by GO p.l.c. (the "Company") pursuant to the Capital Markets Rules as issued by the Malta Financial Services Authority in accordance with the provisions of the Financial Markets Act (Chapter 345 of the Laws of Malta) as they may be amended from time to time.

Investment in Cyber Security Company

Quote

The Company hereby announces that it has concluded a transaction that will result in the subscription, by the Company, of 51% shareholding in Cybersift Holdings Limited (C103948) ("Cybersift"). The total consideration payable for the subscription of the shares is €800,000 with the possibility of a further €300,000 earnout depending on the performance of Cybersift over a three (3) year period. It is expected that the aforementioned shares will be issued in favour of the Company in the coming days.

Cybersift's mission is to improve cyber security by using machine learning to provide organizations with advanced, self-learning tools for detecting threats.

CyberSift offers cyber security services, including their own software for detecting threats. This software works with any existing security tools a client has and doesn't require any changes to their infrastructure. It also helps automate the process of investigating alerts, saving time and increasing cost efficiency for the client. Its current customer base is spread between Malta, Italy and the US.

This strategic acquisition that underlines the Company's commitment to ensure a secure environment where businesses can achieve their digital growth. The Company also believes that Cybersift's own software will drive new opportunities both domestically and overseas.

Further announcements will be made as and when necessary.