The Public Limited Company under the name “PROFILE ANONYMOUS COMMERCIAL AND INDUSTRIAL INFORMATION TECHNOLOGY COMPANY”, with the distinctive title “PROFILE SYSTEMS & SOFTWARE S.A.” (hereinafter the “Company”), in line with the proper, valid, and timely investors update, informs the investors community that it is at an advanced stage of negotiations with the majority shareholders of the Public Limited Company under the name “ALGOSYSTEMS ANONYMOUS TECHNICAL COMMERCIAL INFORMATION TECHNOLOGY AUTOMATION AND METROLOGY COMPANY”, with the distinctive title “ALGOSYSTEMS S.A.”, based in Kallithea, Attica, at 206 Syngrou Avenue (hereinafter “ALGOSYSTEMS”), regarding the acquisition of their entire participation in ALGOSYSTEMS, namely, a majority stake of at least 85% of its total shares and voting rights (the “Transaction”).

The parties are currently engaged in advanced discussions to finalize the General and Specific Terms and Conditions of the Transaction (Share Purchase Agreement). Based on the information available to date, the Company’s Management estimates that the implementation of the Transaction will be completed in the immediate future.

Finally, the Company undertakes to provide timely, complete, and appropriate information to the investors community regarding any material developments on the above matter through a subsequent announcement, in accordance with the applicable legislative and regulatory framework.