FTSE COMPANY REPORT Share price analysis relative to sector and index performance Data as at: 01 February 2018 BOS Global Holdings BOS Software & Computer Services — GBP 0.00775 at close 01 February 2018 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 21-Apr-2015 21-Apr-2015 21-Apr-2015 1D WTD MTD YTD Absolute - - - - Rel.Sector - - - - Rel.Market - - - - VALUATION Data unavailable Data unavailable Data unavailable Trailing PE - EV/EBITDA - PCF - PB - Price/Sales - Div Yield - Div Payout - ROE - Net Debt/Equity - DESCRIPTION Data unavailable Data unavailable Data unavailable The principal activity is exploration for minerals. See final page and http://www.londonstockexchange.com/prices-and-markets/stocks/services-stock/ftse-note.htm for further details. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: BOS Global Holdings 01 February 2018 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 29-Dec-2017 29-Dec-2017 29-Dec-2017 1 1 0.8 0.9 0.9 0.7 0.8 0.8 0.6 0.7 0.7 0.6 0.6 0.5 +1SD 0.5 0.5 0.4 0.4 0.4 0.3 0.3 0.3 Avg 0.2 0.2 0.2 0.1 0.1 0.1 -1SD 0 ǁǁ0 ǁǁ0 ǁǁ Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Micro Focus International 89.6 Alfa Financial Software Holdings 91.7 Alfa Financial Software Holdings 19.0 Software & Computer Services 56.9 Aveva Group 30.7 FDM Group Holdings 18.8 Aveva Group 46.5 FDM Group Holdings 26.7 Kainos Group 13.4 Kainos Group 38.4 Kainos Group 26.6 Softcat 11.6 FDM Group Holdings 38.3 Software & Computer Services 22.5 Software & Computer Services 7.6 Computacenter 22.2 Fidessa Group 16.0 Computacenter 3.3 NCC Group -11.4 Servelec Group 15.1 Servelec Group 3.2 SDL -19.9 Computacenter 11.0 NCC Group 3.1 Sophos Group -73.9 SDL 10.9 SDL 2.1 BOS Global Holdings -120.0 BOS Global Holdings 0.0 BOS Global Holdings 0.0 -150 -100 -50 0 50 100 150 0 102030405060708090100 0 2 4 6 8 10 12 14 16 18 20 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 29-Dec-2017 29-Dec-2017 29-Dec-2017 1 1 16 +1SD 0.9 0.9 ǁǁǁǁ 14 0.8 0.8 0.7 0.7 12 Avg 0.6 0.6 0.5 0.5 10 0.4 0.4 -1SD 8 0.3 0.3 0.2 0.2 6 0.1 0.1 0 ǁǁ0 4 Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Servelec Group 40.4 NCC Group 2.0 Micro Focus International 10.2 Aveva Group 36.4 Sage Group 1.9 Aveva Group 8.2 FDM Group Holdings 32.9 Computacenter 1.9 Sophos Group 6.5 Micro Focus International 31.2 Kainos Group 1.9 FDM Group Holdings 5.3 Software & Computer Services 28.4 Software & Computer Services 1.6 Software & Computer Services 4.1 Kainos Group 23.7 Aveva Group 1.4 NCC Group 2.6 NCC Group 23.1 Micro Focus International 1.4 SDL 1.4 Computacenter 20.7 SDL 1.4 Softcat 1.2 Fidessa Group 12.1 Sophos Group 0.6 Computacenter 0.4 BOS Global Holdings -100.0 BOS Global Holdings 0.0 BOS Global Holdings 0.0 -120 -100 -80 -60 -40 -20 0 20 40 60 00.511.522.5 024681012 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: BOS Global Holdings 01 February 2018 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 29-Dec-2017 29-Dec-2017 29-Dec-2017 0.04 1 1 0.035 0.9 0.9 0.8 0.8 0.03 Avg 0.7 0.7 0.025 0.6 0.6 0.02 0.5 0.5 -1SD 0.015 0.4 0.4 0.3 0.3 0.01 0.2 0.2 0.005 0.1 0.1 0 0 0 ǁǁ Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Micro Focus International 1.0 Micro Focus International 100.0 FDM Group Holdings 50.0 Sage Group 0.8 Fidessa Group 99.7 Softcat 45.6 Software & Computer Services 0.7 Software & Computer Services 84.5 Kainos Group 37.3 NCC Group 0.3 Aveva Group 67.2 Sage Group 27.0 Sage Group 55.3 Fidessa Group 22.4 Servelec Group 0.2 Servelec Group 51.1 Software & Computer Services 14.0 SDL 0.0 Sophos Group 0.0 Servelec Group 11.5 Kainos Group 0.0 Kainos Group 0.0 Micro Focus International 10.5 Fidessa Group 0.0 FDM Group Holdings 0.0 SDL -10.8 Aveva Group 0.0 NCC Group 0.0 NCC Group -23.8 BOS Global Holdings 0.0 SDL 0.0 Sophos Group -35.4 0 0.2 0.4 0.6 0.8 1 1.2 0 20 40 60 80 100 120 -40-30-20-100 102030405060 ROE vs. PB — sector Du Pont Analysis 30 scatter 20 1 0.9 0 25 SOPH 0.8 -20 0.7 20 -40 ALFA FDM 0.6 -60 0.5 PB 15 0.4 KNOS -80 SCT 0.3 10 -100 MCRO AVV 0.2 Software & Compu SGE FDSA -120 5 0.1 NCC SERV CCC SDL -140 ǁ 0 2013 2014 2015 2016 2017 0 0 102030405060 Net Margin Asset Turnover Gearing ROE (rhs) ǁ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: BOS Global Holdings 01 February 2018 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions. EV to EBITDA EV to EBITDA is Enterprise Value divided by EBITDA (Earnings before Interest and Taxes, Relative Relative charts reflect the performance for the stock in question relative to the depreciation and amortisation). EV is full company Market Capitalisation at the data date corresponding sector of the FTSE All Share Index for up to 366 days, rebased to the start plus last annual net debt and Preferred Stock. Net Debt is total financial debt less cash date. Note that the stock itself may not be a FTSE All share constituent. Relative Chart and short-term investments. EBITDA is operating income plus depreciation and may be null if there are no stocks in the corresponding FTSE UK All Share sector. amortisation. RSI Relative Strength Index. Calculated as 100 minus (100 divided by (1+ratio of positive Dividend Yield % Dividend Yield reflects the dividend declared per share and/or paid for the security in versus negative time weighted returns)). Reflects 14 day average gains/losses question for the most recent fiscal year, divided by the share price. Valuation History Outlier valuation data is not shown to scale as these would distort the chart. Instead, ∥ Return on Equity Return on Equity is net income over average common equity. Not calculated if Charts denotes valuation data which falls outside display truncation limits. (RoE) denominator (average common equity) is negative Top/Bottom Reflect data for up to five top and five bottom performers for the valuation metric in Dividend Payout Total dividends divided by Net Income expressed as a percentage.