Bango PLC ("Bango" or the "Company") 2023 Full Year Results and 2024 Outlook - Seite 2

Bango has delivered a strong first quarter, sustaining good momentum and growing in-line with the plan. We reiterate our guidance for the full year:

• Revenue in Q1 24 grew by over 20% from Q1 23
• Annualized Recurring Revenue at the end of March 2024 increased to $11.0M
• The Tier 1 US telco (previously announced in FY23) launched in Q1 24, triggering the start of the initial license fee tier – minimum $2M ARR
• 4 new DVM wins in Q1 24
• A leading European telco (one of the early DVM customers) extended their DVM contract for a further 3 years. The minimum contract value over the three year term is $1.5M
• The first launch of telco bundling for the (previously announced) Global Technology Leader happened in the quarter.

NewDeep Limited Joint Venture

Bango and NHN Corporation, the two shareholders of the NewDeep Limited joint venture have agreed that it is in the best interests of both shareholders to wind down the joint venture. And, to transfer the technology developed in the joint venture to Bango and NHN so both can use it without restriction in their respective core businesses.

Investor Presentation:

Bango is hosting a presentation, open to all existing and potential shareholders, at 10.00am BST today. Investors can sign up to Investor Meet Company for free and register to join the call here: https://www.investormeetcompany.com/bango-plc/register-investor

Bango CEO, Paul Larbey, said:

“This has been a year of significant development for Bango. Our strategic focus on capturing the subscription bundling opportunity with the Bango Digital Vending Machine (DVM) is seeing growing momentum, with a doubling of the customer base and a strong growth of 77% in Annualized Recurring Revenue (ARR). Our technology is trusted by some of the largest companies in the world who rely on Bango to help them acquire and retain customers.

One major area of focus in 2023 was the ongoing integration of the acquired DOCOMO Digital business, which has materially accelerated our growth. The complexity of the integration was reflected in the low initial purchase price. The integration went well with all $21M of cost synergies realized. With the end of year integration challenges having now been identified and addressed, we have a clear pathway to deliver further operational and cost synergies in 2024.