ASBISC Enterprises PLC Q 4 2008 and 2008

ASBISC Enterprises PLC Q 4 2008 and 2008 results Strong to face the new challenges Siarhei Kostevitch, CEO Marios Christou, CFO Warsaw, February 27 th, 2009 Daniel Kordel, IRM

IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Important notice This presentation contains forward looking statements. Actual results may differ materially from the anticipated results as a consequence of certain risks and uncertainties, including but not limited to general economic conditions in the markets in which ASBISc operates, and other risks detailed in our semiannual and annual reports. For the most recent description of the risk factors please see Risk Factors section in the prospectus and our periodical reports. Page 1

IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Company and market overview Page 2

IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Introduction to ASBIS Almost 18 years of experience • Established in 1990 in Minsk, headquartered in Limassol (Cyprus) since 1995 • Experienced management team combined with local expertise Leading IT distribution across EMEA markets • Broad geographic coverage combined with strong local presence • Extensive infrastructure - physically present in 26 countries, with mainly fully owned subsidiaries, • Selling to more than 30. 000 active customers • Unique B 2 B on-line solution applied to over 55% of sales value • Complete solutions to producers and integrators of server, mobile and desktop segments First choice distribution partner for global industry players • Successful long-term co-operation with top global vendors of IT components • Broadening of distribution agreements for new countries and already developed ones Wide product portfolio, distributed on a ‘one-stop-shop’ basis • A-branded laptops, servers, desktop PCs, successful own brands: Prestigio and Canyon • Price and stock rotation protection granted by suppliers Page 3

IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Full coverage of EMEA region • Three main distribution centres in Prague, Helsinki & Dubai • New distribution center in China, Shenzen for own brands • 33 local warehouses in 26 countries • 30 000 active customers Helsinki Jaelfaella Tallinn • JIT stock replenishment system • Centralised purchasing power Riga Ballinloough Vilnius Amsterdam Moscow Minsk Warsaw Kiev Kosice Budapest Ljubljana Zagreb Belgrade Bucharest Sofia Roma Sarajevo Istanbul • Local presence, know-how and customer technical support Prague Bratislava Algiers Almaty Tunis Limassol Casablanca Cairo Riyadh Jeddah Distribution centers Page 4 China Hong Kong Dubai

IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Main events and factors in Q 4 2008 Page 5

Main events and developments New operations • Completed geographical coverage of Baltic and Balkan states, including • New subsidiary in Latvia • Acquisition of local distributor Megatrend d. o. o. in Bosnia & Herzegovina (80% subsidiary) • Greenfield operations in Italy, Turkey and Kazakhstan • Investment in new warehouse in Dubai (UAE, Free Trade Zone) to support growing Middle East operations Changes inside the Company • Centralization of European logistics in Prague. Dutch distribution center has been shut down • Cost-cutting program introduced in November 2008 • Actions to refine hedging policies in local subsidiaries New distribution agreements • More than 20 new distribution agreements, including: • Western Digital • Lenovo • Microsoft • DELL, Acer (in various markets) • LG Electronics, Belkin Page 6 IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM

Factors affecting financial results in 2008 IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM World’s financial crisis • Credit and financial crisis that affected global markets, however EMEA markets have been hit extensively due to the foreign investment outflow • Dramatic decrease in demand following the recession across all markets the group operates • Political and economic instability in Ukraine resulted in lower revenue • Heavy depreciation of the CEE and Russian currencies against the US$ resulted in massive forex losses Interest rate fluctuations • Recently, due to markets turbulance and the interbank rate increase, the cost of borrowing for the group was increased (Serbia, Hungary, Romania, Russia, Ukraine) • Several of the Group’s bankers have raised their spread (Romania, Slovakia, etc. ) Changes in demand • Very good Q 1 and Q 2 results, especially due to combination of strong demand of both hardware and software • In the second part of the year, the world’s financial crisis affect demand in some countries by: • Less credit avalaibility • Lower purchasing power of most of the countries • Higher prices due to weakening local currencies Page 7

Factors affecting financial results in Q 4 2008 IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Currency fluctuations • Steep depreciation of local currencies against the US Dollar affected the Company’s business. Particularly strenghtening of the U. S. Dollar against the Russian Ruble, Euro and other currencies resulted in a decrease in the Company’s revenues and net profit, as reported in U. S. Dollars. Page 8

IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Actions undertaken to mitigate the effects of the crisis Page 9

IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Actions undertaken The Company has taken appropriate actions to minimize the impact of the global financial crisis and currency volatility on its financial results; It : • Has undertaken significant cost-cutting actions in November 2008 and continues same in 2009, the results of which will be visible from Q 1 of 2009 (expected saving amounted to US$ 1. 4 m for Q 1 and US$ 1. 6 m per quarter beginning from Q 2), besides savings on foreign exchange (FX) • Shut down the Dutch distribution center and moved its operations to Prague. This will allow to save ca. US$ 1. 4 m in 2009 • Has increased its U. S. Dollar denominated sales, to decrease its foreign exchange exposure (as it mainly purchases goods in US Dollars and principally sells in local currencies) • Improved both short term and long term hedging strategies by increasing loans, factoring and other hedging tools in local subsidiaries • Intensified its credit risk management to improve cash flow and mitigate its FX risk Page 10

IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Financial results Page 11

Financial results for Q 4 2008 Highlights 1) 21. 6% Q 4 2008 to Q 4 2007 revenues decrease 2) 42. 2% Q 4 2008 to Q 4 2007 gross profit decrease 3) In Q 4 gross profit margin decreased to 4. 1% due to FX losses, compared to 5. 5% in the corresponding period of 2007 4) Net Loss of US$5. 427 as opposed to Net Profit of US$9. 336 in the corresponding quarter of 2007 Page 12 IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM

Financial results for 2008 Commentary Key values in 2005 -2008 (in U. S. $ millions) 1) Despite the world’s financial crisis, revenues were higher in 2008 than in 2007 by 7% 2) Gross profit generated increased by almost US$ 10 million 3) Gross profit margin increased to 5. 1% as opposed to 4. 9% for 2007 1400 4) Net Profit reached US$5. 1 Million as opposed to US$18. 7 million in 2007 5) Operating and administration expenses affected by the one time investments in new subsidiaries, 6) Seasonality effect dissapeared in H 2 2008 due to the crisis 1000 70 40 20 Page 13 IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM

Revenue breakdown by regions Q 4’ 07 and Q 4’ 08 (%) IBDINGWar OPX 20070976. 9 10/3/2020 12: 01 AM Revenue breakdown by regions 2007 and 2008 (%) 1) Q 4 2008 significantly weakened to Q 4 2007 in F. S. U. countries due to lower demand (ie in Ukraine) and FX losses 1) Revenues from F. S. U. Countries decreased by 5% Yo. Y. 2) Significant growth of revenues from CEE countries (Slovakia, Czech Republic, Hungary) 2) CEE Europe remained strong, despite the world’s financial crisis (increased revenues in Slovakia, Czech Rep. , Hungary etc) 3) Another good quarter in the MEA countries, which seems to be less affected by the crisis and where the sales revenue is denominated in U. S. Dollars 3) Strong growth of revenues in the MEA countries, due to company investments and broader customer reach Page 14

IBDINGWar OPX 20070976. 9 10/3/2020 12: 02 AM Revenues - Top 10 countries in 2007 and 2008 (in U. S. $ thousands) Pos. Country Sales 2007 Sales 2008 Change (%) Share (%) Prev. position Notes 1 Russia 397 738 429 896 +8, 1 28, 73 1 (0) Especially with H 1 2008 results 2 Slovakia 132 499 164 442 +24, 1 10, 99 3 (+1) 3 Ukraine 222 005 149 605 -32, 6 9, 99 2 (-1) 4 U. A. E. 55 120 79 874 +44, 9 5, 34 7 (+3) 5 Poland 66 847 68 042 +1, 8 4, 55 4 (-1) 6 Czech Rep. 56 475 66 816 +18, 3 4, 47 6 (0) 7 Belarus 25 244 47 874 +89, 7% 3, 20 Out of top 10 8 Romania 60 065 47 745 -20, 5 3, 20 5 (-3) 9 Netherlands 37 385 45 221 +20, 97 3, 02 9 (0) 10 Bulgaria 28 198 40 197 +42, 69 Out of top 10 Other 291 607 356 446 +13, 4 23, 82 Page 15 Germany out of top 10 Croatia out of top 10 Incl. 15, 7 m in Turkey

Revenue breakdown by product categories Highlights Revenue breakdown by products 2007 and 2008 (US$ thousands) 1) Strong 121% growth of revenues from laptops 2) Good 16. 5% growth of sales of software, and 15% growth on accessories and multimedia 3) Stable revenues from CPUs in 2008, Q 4 sales affected by lower demand 4) HDDs sales revenues affected by lower demand increased market share of A-brands 5) About 40% growth of revenues from peripherials, Rev. breakdown by products in Q 4 ‘ 07 and Q 4 ‘ 08 (US$ thou. ) 6) 45% growth of sales revenues from PC desktops Page 16 IBDINGWar OPX 20070976. 9 10/3/2020 12: 02 AM

IBDINGWar OPX 20070976. 9 10/3/2020 12: 02 AM Forthcoming plans GOALS For 2009 • To manage costs efficiently • To hedge against steep depreciation of the currencies • To manage cash flow and improve operational efficiencies • To benefit from 2008 investments (warehouse in Dubai, offices and subsidiaries in Bosnia & Herzegovina, Latvia, Turkey, Kazakhstan and Italy) • To continue to benefit from good sales growth in Middle East and Africa, • To sign new distribution agreements and increase our product portfolio in some markets (i. e. Poland) • To expand some of the existing distribution agreements (i. e. on software and laptops) for more countries • To develop sales of own brands • To gain more market share in traditional components business, taking over share from weaker competitors Page 17

IBDINGWar OPX 20070976. 9 10/3/2020 12: 02 AM Further Information Investor Relations ASBIS Group Constantinos Tziamalis Daniel Kordel tel: +357 25 857 188 tel: +357 25 857 000 fax: +357 25 857 181 mob: +357 97 633 793 mail: costas@asbis. com mob (PL): +48 509 020 021 mail: d. kordel@asbis. com Page 18