Network International trading update

Network International trading update

Market-leading positions in Jordan and UAE extended via continuous innovation and strengthening of direct-to-merchant business Q4 revenue 1 up 30% y/y driven by spending recovery in the UAE FY21 revenue ahead of market expectations; group underlying EBITDA also anticipated to be slightly ahead of market expectations Strongest quarter of the year for value of both domestic and international consumer payments processed (Total Processed Volumes 2 (TPV)), now above pre-pandemic levels driven by seasonal activities, major sporting events, and Dubai EXPO 2020 Kingdom of Saudi Arabia market entry on track with a new customer signed, a healthy pipeline and appointment of Managing Director for Saudi Operations Continued strong growth at newly acquired DPO group in Africa, with Q4 2021 TPV growth of 40% y/y; and revenue growth of 29% y/y Nandan Mer, Chief Executive Officer, commented: “There is much to feel positive about, having ended the year strongly. We have made excellent progress on successfully refocusing our strategy to drive accelerated growth and innovation. The UAE market has seen a significant rebound in consumer spending and international tourism, and it is encouraging to see our merchant business going from strength-to-strength. This has been supported by record levels of merchant signups, reflecting