AUSTRIACARD HOLDINGS AG strengthens Technology Portfolio with acquisition of
UK's LSTech

EQS-Media / 21.05.2024 / 11:07 CET/CEST

Vienna, Austria - May 21st 2024 - AUSTRIACARD HOLDINGS AG (ACAG), a leading
technology company, announces today the acquisition of 100% of the shares of
LSTech, a UK-based research and data analytics company at an enterprise
value of 1,600,000 EUR. This strategic move bolsters ACAG's commitment to
providing cutting-edge solutions for their clients across the globe.

LSTech specializes in crafting innovative applications that empower large
public and private organizations to unlock the true potential of their data.
Their expertise lies in collecting, processing, and analyzing complex
information, transforming it into clear, actionable insights that drive
intelligent decision-making. LSTech's focus on data analytics solutions
within banking, telecommunications, and utilities sectors, combined with
their proficiency in big data and machine learning, makes them a perfect fit
for ACAG's growth strategy.

LSTech's strong track record extends beyond traditional commercial
endeavors. Their active participation in EU and publicly funded Research &
Innovation programs positions them at the forefront of ground-breaking
technologies like generative AI, privacy-preserving data analysis, and large
language models. This forward-thinking approach aligns perfectly with ACAG's
vision for the future.

"This acquisition underscores our unwavering commitment to expanding our
technology-based solutions," stated Manolis Kontos, Group CEO of AUSTRIACARD
HOLDINGS AG. "LSTech's team of highly-skilled engineers and data scientists
will be instrumental in propelling ACAG's solutions to the next level.
Together, we will empower our clients to tackle complex big data and machine
learning projects, leveraging cutting-edge mathematical modelling and
enterprise-grade solutions."

About LSTech

LSTech is a UK-based research and data analytics company with a proven track
record of success in the UK and Spain. Their expertise lies in unlocking the
power of complex data through innovative applications, empowering
organizations to make data-driven decisions.

About AUSTRIACARD HOLDINGS AG

AUSTRIACARD HOLDINGS AG leverages over 130 years of experience in
information management, printing, and communications to deliver secure and
transparent experiences for its customers. They offer a comprehensive suite
of products and services, including payment solutions, identification
solutions, smart cards, card personalization, digitization solutions, and
secure data management. ACAG employs a global workforce of 2,700 people and
is publicly traded on both the Athens and Vienna Stock Exchanges under the
symbol ACAG.

Contact person: Mr. Dimitrios Tzelepis, Executive Director, Capital Markets,
M&A and IR

Tel.: +43 1 61065 - 357

E-Mail: d.tzelepis@austriacard.com

Website: www.austriacard.com

Symbol: ACAG

ISIN: AT0000A325L0

Stock Exchanges: Vienna Prime Market, Athens Main Market


End of Media Release

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Issuer: AUSTRIACARD HOLDINGS AG
Key word(s): Information technology

21.05.2024 CET/CEST This Press Release was distributed by EQS Group AG.
www.eqs.com

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   Language:       English
   Company:        AUSTRIACARD HOLDINGS AG
                   Lamezanstraße 4-8
                   1230 Vienna
                   Austria
   E-mail:         ac.contact@austriacard.com
   Internet:       https://www.austriacard.com/
   ISIN:           AT0000A325L0
   WKN:            A3D5BK
   Listed:         Vienna Stock Exchange (Official Market)
   EQS News ID:    1907731

End of News EQS Media
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1907731 21.05.2024 CET/CEST