Pepco Group N.V.

Regulatory Filings • Feb 28, 2024

27 February 2024

Pepco Group N.V. Notice regarding Hungarian business

Pepco Group ("Pepco" or the "Group") has been the target of a sophisticated fraudulent phishing attack in its Hungarian business. The Group is taking the necessary immediate steps to investigate and respond to the incident, to ensure the integrity of its group-wide IT and financial control environment, alongside activities to test and further strengthen its policies and procedures.

The attack has resulted in a loss of approximately €15.5 million in cash, before any potential recovery. It is unclear at this stage whether the funds can be recovered, although Pepco is pursuing various efforts through its banking partners and the police. At this stage, the incident does not appear to have involved any customer, supplier or colleague information or data.

The Group maintains a strong balance sheet with access today to over €400 million in available liquidity (from cash and credit facilities) and continues to generate strong cash flow from its operations. The Group takes financial controls and IT security extremely seriously and is currently conducting a group-wide review of all systems and processes to secure the business more robustly going forward.

The Group will provide a further update as and when appropriate.

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ENQUIRIES

Investors and analysts
Tej Randhawa, Investor Relations	+44 (0) 203 735 9210
Joanna Kwak, Investor Relations	+44 (0) 203 735 9210
Media
Rollo Head, FGS Global	+44 (0) 7768 994 987
James Thompson, FGS Global	+44 (0) 7947 796 965
Sam Harrison, FGS Global	+44 (0) 7973 545 879

Cautionary Notice

This press release is published by Pepco Group N.V. and contains inside information within the meaning of article 7(1) of Regulation (EU) No 596/2014 (Market Abuse Regulation).