PERSISTENT : GERMAN STEP-DOWN SUBSIDIARY TO ACQUIRE 100% ORDINARY SHARES OF NAGARRO

• Persistent has agreed to acquire 100% of Nagarro at an Enterprise Value of EUR ~1.27B, based on EUR 81 per share in cash. • This represents a premium of ~140% to the undisturbed closing price on June 25, 2026, and ~94% to three-month volume-weighted average price. • The transaction values Nagarro at 1.27X times EV / CY25A Revenue and 9.19X times EV / CY25A Adjusted EBITDA. • Persistent has already secured ~21% stake in Nagarro via a share purchase agreement and management board has expressed intent to tender their shares. • Both Nagarro Boards fully support the transaction and signed a Business Combination Agreement (BCA), with Persistent extending a voluntary public takeover offer for all outstanding shares at EUR 81 per share in cash.

Persistent Systems Ltd

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