PRESS RELEASE

TIER1 Technology receives favourable report from MAB

The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on TIER1, following a thorough review of all the information presented by the company.

The company’s listing requires the prior approval of MAB’s Board of Directors.

The company’s ticker symbol will be “TR1” and it will be traded through the “price fixing” system. Deloitte is the Registered Adviser while GVC Gaesco Beka will act as Liquidity Provider.

The reference value set by the company’s Board of Directors for each of the shares is 16 euros, which brings its overall valuation to 16 million euros.

TIER1 is a business group with extensive experience in the ICT sector (Information and Communication Technology), which provides IT services specialising in software product development.

The Informative Document on TIER1 can be found on MAB’s website (www.bolsasymercados.es/mab) and contains all the relevant information on the company and its business.