MotorK Completes Acquisition of GestionaleAuto.com

Regulatory News:

Further to the announcement of 15 May 2023, MotorK Plc (AMS: MTRK) (“MotorK” or the “Group") announces the completion of the acquisition of GestionaleAuto.com (“the Company”), a leading automotive retail solutions provider that serves over 2,000 dealerships in Italy.

Founded in 2004, GestionaleAuto.com is a prominent software as a service (“SaaS”) player in the Italian digital automotive retail market. The Company provides car dealers with a comprehensive suite of digital solutions focused on multi-publishing stock management, omnichannel digital showroom capability, and lead generation and follow-up.

In 2022, the Company reported revenues of c. €2.0 million, achieving double-digit year-over-year growth.

The acquisition of GestionaleAuto.com aligns with MotorK's M&A strategy to consolidate the marketand strengthen its leadership position in Europe's digital automotive retail market.

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ABOUT MOTORK PLC

MotorK (AMS: MTRK) is a leading software as a service (“SaaS”) provider for the automotive retail industry in the EMEA region, with over 400 employees and eleven offices in eight countries (Italy, Spain, France, Germany, Portugal, Belgium, the UK and Israel). MotorK empowers car manufacturers and dealers to improve their customer experience through a broad suite of fully integrated digital products and services. MotorK provides its customers with an innovative combination of digital solutions, SaaS cloud products and the largest R&D department in the automotive digital sales and marketing industry in Europe. MotorK is a company registered in England and Wales. Registered office: 5th Floor One New Change, London, England, EC4M 9AF - Company Registration: 9259000. For more information: www.motork.io or www.investors.motork.io.

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The MotorK Stock at the time of publication of the news with a fall of -1,29 % to 2,29EUR on Frankfurt stock exchange (16. Juni 2023, 17:20 Uhr).