ASBIS STRENGTHENS ITS BOARD OF DIRECTORS

ASBISc Enterprises Plc, a leading Value Add Distributor, developer, and provider of ICT, IoT products, Robotic solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), strengthens its Board of Directors by appointing two new members: Mr. Constantinos Petrides - was appointed to the Board of Directors as a Non-Executive Director and Mrs. Hanna Kaplan as an Executive Director. The term of these members will begin on the 23^rd of June 2023 and will last until June of 2025. 

Mr. Constantinos Petrides has over twenty years of professional experience, including ten years in the three most important ministerial positions in the government of Cyprus - in the years 2013-2023 he held the following positions: Deputy Minister to the President of the Republic of Cyprus, Minister of the Interior and Minister of Finance of the Republic of Cyprus. He started his professional career in 2000 at the Cypriot Banks Association and as a representative of the Association in the European Banking Federation and the National Euro Changeover Committee. In April 2006, he was employed at the European Commission in Brussels, where until September 2011 he worked as an economist in the Directorate-General for Agriculture and the Directorate-General for Competition. While working for the European Commission, he was a negotiator of trade liberalization agreements between the EU and third countries and dealt with issues of state aid in the field of transport.

Mr. Constantinos Petrides studied economics at the University of Nottingham and then obtained a master's degree in the economics of political change in Europe from the London School of Economics and Political Sciences. 

Serhei Kostevitch, Chairman and CEO of ASBIS Group,commented: “We are very excited and honored to have Constantinos Petrides on our Board. His key achievements as a Finance Minister include a successful management of the COVID pandemic period, and impressively outpacing all EU, and IMF forecasts for Cyprus GDP growth, fiscal performance, and other macroeconomic indicators, leading to four successive upgrades of the Cyprus's Long term Foreign Issuer Default Rating by Credit Institutions.  We are certain that with the addition of Constantinos to our Board, our Company will improve in its Governance and Transparency given the extensive knowledge he carries. We wish him all the success in his new role, and we look forward to collaborating with him. Mrs.

Hanna Kaplan joined the ASBIS Group in 2002 and is one of the key people in the Group's finance department. Thanks to her extensive experience and knowledge, Hanna was the project leader in the consolidation of the Group, being a key liaison with the Finance and IT departments. She also participated in the work related to the Company's listing on the Warsaw Stock Exchange in 2007 and successfully completed the on-line reporting system project based on proprietary IT4profit software.Mrs. Hanna Kaplan has a bachelor's degree in economics and is a Certified Accountant  (ACCA). 

Marios Christou, CFO of ASBIS Group commented: “Appointing Hanna as a Director was an easy decision to make and this has all prospects of success. Hanna has been working for the Group for more than 21 years and was able to prove herself as one of the most important links of ASBIS’s robust finance team. I am extremely happy to have Hanna on the Company’s Board and I am certain that she will add significant value and new ideas to our Board of Directors. 

For additional information, please contact:  

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992
E-mail iwona.mojsiuszko@8sensepr.pl

^{About ASBISc Enterprises Plc} 

^{ASBIS Group is a leading Value Add Distributor, developer and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA) with local operations in Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa.} 

<sup>The business of ASBIS is based on three pillars:
1. Distribution of hardware and software for Client Computing and Data Centers, consumer electronics thru:
    a.   Retail chains and e-tailers
    b.   Resellers to small and medium business
    c.   Large enterprises.
2. Full stack in creation of world class products. From scientific research and development to design and engineering, firmware and software, production and marketing of IT and IoT products and solutions via own brands:
    a.      Aeno (small home appliances).
    b.     Canyon (smart watches, power banks, accessories for computers and mobile devices)
    c.     Cron Robotics (building own solutions in the robotics segment, including cobots).
    d.     Lorgar (accessories for gaming and streaming)
    e.     Perenio (IoT platform, IoT routers, applications and peripherals for smart office/ home, smart health).
    f.     Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
    d.     Prestigio Solutions (innovative technological solutions for business and education)
3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers.</sup> 

^{ASBIS was founded in 1990 in Belarus, since 1995 operates from Cyprus. Company has 2 main distribution centers in the world located in the Czech Republic and the United Arab Emirates and 2 regional distribution centers (Georgia, South Africa), subsidiaries in 28 countries, more than 2,200 employees and about, 20 000 active customers in 60 countries worldwide. In 2022, the Group delivered sales of close to USD 2.7 billion.}

^{The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS).} 

^{For more news and information visit: www.asbis.com}