Network International trading update :nbsp;UAE consumer spending fully recovered

Network International trading update :nbsp;UAE consumer spending fully recovered

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 the 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 International TPV 2 in Q4 more than doubled year-on-year, reflecting a sharp rebound in the number of international tourists visiting Dubai over the past three months Record number of new merchant wins in the quarter including several hotels such as Double Tree Hilton, Yas Residences and Courtyard by Marriot Al Jaddaf Kingdom of Saudi Arabia market entry on track with a new customer signed and a healthy pipeline. Abdulaziz Al-Dahmash appointed as Managing Director for Saudi Arabian 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