AutoWallis Nyilvánosan Muködo Reszvenytársaság : The AutoWallis Group is entering the market of online automotive sales by acquiring JóAutók.hu

PRESS RELEASE

The AutoWallis Group is entering the market of online automotive sales by acquiring

JóAutók.hu

Budapest, January 13, 2023 - In line with its earlier plans, AutoWallis has acquired Net Mobilitás Zrt., which operates the JóAutók.hu and Autó-Licit.hu portals, leading the Group into the world of online sales. The step is aligned with the previously announced strategy of the company listed on the Budapest Stock Exchange, as AutoWallis aims to become a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.

In line with its intention announced last autumn, AutoWallis has signed an agreement to acquire Net

Mobilitás Zrt., the operator of the JóAutók.hu and Autó-Licit.huportals, which it purchased from Car Alliance Kft. and WAM Immobilia Ingatlanhasznosító és Üzemeltető Zrt., a subsidiary of AutoWallis's majority owner WAM Zrt. The fixed purchase price of 100% of the shares of Net Mobilitás Zrt. is HUF 320 million, with an earn-out of HUF 480 million. AutoWallis is paying the full purchase price using treasury shares: the fixed purchase price is being paid at the time the transaction is closed and the earn-out will be paid in the two years following the achievement of the specified business targets (in the purchase and sale, the share price will be set at the average stock exchange rate of the past 30 calendar days, at HUF 97.93/share). The transaction will be closed upon the completion of the shares transfers.

By acquiring Net Mobilitás Zrt., the operator of the JóAutók.hu and Autó-Licit.huwebsites, AutoWallis Group is taking its first step in the

online automotive sales market, in line with its strategic plans. The sites collect verified used car advertisements from certified sellers and are major players on the Hungarian market. Launched in 2017, the JóAutók.hu site for certified dealers and verified used cars has since become the second largest player on the market. Although it also supports traditional used, new, and dealership sales, where sellers are usually dealers, the site is also open to postings from private individuals. Founded in 2006, the Autó-Licit.hu car auction site is used by contracted fleet operators (multinational companies, banks, leasing companies, state-owned enterprises, fleet operators, car rental companies, etc.) and, to a smaller extent, private persons, to offer their cars for sale. Registered domestic and foreign dealers and contracted fleet operators can participate in buying. With the acquisition, AutoWallis is strengthening its current development projects, utilizing the possibilities for cooperation within the Group. Another important aspect is that the listed automotive company is using the step to react to the needs of changing distribution models.

AutoWallis Group

The AutoWallis Group, a company listed in the Premium category of the Budapest Stock Exchange, as well as in the BUX and BUMIX indices, aims to become a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade. It is important for the company to continuously expand its automotive industry investment-focused portfolio through acquisitions and to operate as a group with traditional, conservative, and ESG-compliant values and a business policy sensitive to social and environmental challenges. The AutoWallis group is present in 14 countries of the Central and Eastern European region (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia), where it is engaged in the retail and wholesale of vehicles, parts, and accessories, in repair and maintenance services, as well as in short- and long- term vehicle rentals. The Group's Distribution Business Unit represents the Alpine, Dacia, Isuzu, Jaguar, Land Rover, Saab parts, Renault, SsangYong, and Opel brands, and the brands represented by its Retail & Services Business Unit include BMW passenger cars and motorcycles, Dacia, Isuzu, Jaguar, KIA, Land Rover, Maserati, MINI, Nissan, Opel, Peugeot, Renault, SsangYong, Suzuki, Toyota, and Sixt rent-a-car. AutoWallis is the two-time recipient of the "Share Capital Increase of the Year" award at Best of BSE Award Galas (2020, 2021). www.autowallis.huwww.facebook.com/AutoWallis

Further information:
Dániel R. Kovács, Financial Communications	Mobile: [phone]	Email:[e-mail]