ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½"ן¿½ ן¿½ן¿½"ן¿½ (NASDAQ, TASE: SPNS), ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ 2021:

                  (*) ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½

ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ (Non-GAAP) ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½-23.6% ן¿½ן¿½-115.0 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½-93.1 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½.

ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ (Non-GAAP)  ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½-17.9% ן¿½ן¿½-19.8 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½-16.8 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½.

ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ (Non-GAAP) ן¿½ן¿½ן¿½ ן¿½ן¿½-19.7% ן¿½ן¿½-16.0 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ (0.29 ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½), ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½-13.3 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ (0.26 ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½) ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½.

ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½-ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½"ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½: "ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ 2021 ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ (Tiers) ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½. ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ pre-integrated,cloud-first , low-code, ,“insurance-in-a-box”ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½-ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½,  ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½.

ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ 2021 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ non-GAAP ן¿½ן¿½ ן¿½-24% ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½-115 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ 17.2%.  ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½. ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ Tier-1. ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ APAC ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½, ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½. 

ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ 2021 ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½. ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ 2021 ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ 466-461 ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½. ן¿½ן¿½ן¿½ ן¿½ן¿½, ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ 2021 ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ 17.2%-17.5%. ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½ן¿½".