New Business Update - Ayima Group Limited

Following a difficult beginning to the year where a lot of new business was delayed due to uncertainty about economic conditions, Ayima Group is pleased to announce that the new contracts are now getting signed.

Today Ayima signed a contract to provide SEO services to one of the worlds leading brokerage and trading platforms, based in Cyprus and the United Kingdom. The contract is worth approximately 7.5 MSEK for the remainder of the 2023 financial year and will auto-renew annually. In addition, several smaller contracts to the value of 4.2 MSEK annually were signed in recent weeks, bringing the total of new business signed to 11.9 MSEK. In response, Ayima CFO Michelle Dempsey commented "To be sure, it has been a very tough period for the business, but these new contracts certainly seem to have lightened the load. I expect to be receiving some more good news in the coming days".

The new business announced today will not have any affect on coming Q1 financial results and will only begin to take effect from Q2 and onwards.

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