DORO

As previously communicated Doro is in the process of restructuring its German business and has entered into agreements regarding the divestment of its German subsidiary, IVS Industrievertretung Schweiger GmbH ("IVS GmbH"), a distribution and fulfilment business, to its Irish distribution partner Fónua, through its parent company Corstrom Ltd (“Fónua”). The parties have decided not to finalise the transaction. The parties have come to the joint conclusion, during the timeframe between signing and closing, that the current relationship is the commercially and strategically most beneficial to both parties. The parties will largely carry their own costs of which Doro consider to be non-material.