21.8.2024 07:00:01 CEST | Spotlio AS | Annual financial and audit reports

(Oslo, 21 August 2024) The Board of Directors of Spotlio AS (the "Company") has
approved the Annual Report for the financial year ending 30 April 2024. The
Annual Report is attached together with the Audit statement.

The Annual Report shows for the financial year ending 30 April 2024, the Company
reported revenues of USD 7.3 million and a negative EBITDA of USD -3.9 million
(adjusted EBITDA of USD -2.9 million excluding for approximately USD 1 million
of one-time severance and legal costs). The Company continued to deliver
significant cost rationalization with a reduction of over USD 2.5 million on
annualized basis during the financial year. Had such cost been removed for the
entire financial year the Company would have generated a negative EBITDA of
approximately USD -1.7 million. This represents a significant improvement from
the reported EBITDA of USD -4.9 million in prior year and firmly sets the
foundations for the path to profitability.

As per 30 April 2024, the company had a cash position of USD 0.6 million. In
April 2024, the company successfully established a new debt facility with
certain existing shareholders and key management team members with a total loan
amount of approximately USD 1.7 million. As per end of April 2024, the company
had drawn approximately USD 0.6 million of this debt facility.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Albert Ferrando, CEO, Spotlio AS, +34 932 20 35 45,
   albert.ferrando@spotlio.com 
 * James Price, CFO, Spotlio AS, +34 972 001 021, james.price@spotlio.com 

ABOUT SPOTLIO AS

Spotlio AS is a trailblazing force in destination digital technology, offering
tailor-made Solutions from apps to e-commerce and almost everything in between
that redefines the way consumers interact with resorts, parks, and attractions.
With a Decade long legacy of excellence, Spotlio empowers clients with
innovative white-label digital solutions and pricing services, fostering
connections and enhancing experiences on a global scale.

ATTACHMENTS

Spotlio AS Signed Audit Opinion.pdf -
https://kommunikasjon.ntb.no/ir-files/17847592/18207891/4861/Spotlio%20AS%20Sign
ed%20Audit%20Opinion.pdf

Annual Report Spotlio AS May 2023 to April 2024.pdf -
https://kommunikasjon.ntb.no/ir-files/17847592/18207891/4862/Annual%20Report%20S
potlio%20AS%20May%202023%20to%20April%202024.pdf