Acquisition of Real Property by Issuer

The Management Board of Develia S.A. (the “Issuer”) inform that today, i.e. 27 June 2024, the company, as the purchaser, entered into a sales agreement in the form of a notarial deed, under which the right of perpetual usufruct along with related rights, including, but not limited to, the ownership right to buildings being a separate real property located on the Real Property situated in Gdańsk at Żywiecka street, being a plot of land no. 485/3, precinct 0044, and having an area of 0.2555 ha, has been purchased from an entity which is not related to the Issuer for a net price of PLN 26,000,000.00 plus Value Added Tax (VAT) of PLN 31,980,000.00.

The Company intends to use the above real property for an investment project with approx. 128 residential premises to be built as multi-family development. It is envisaged that sales for this investment project will commence in Q4 2025.

This report has been published due to the fact that the event in question is of relevance to the Company’s business.

According to the Issuer, this Current Report constitutes inside information within the meaning of Article 7 of the MAR.

Legal basis: Article 17(1) in conjunction with Article 7(1a), (2), (3) and (4) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse (the Market Abuse Regulation) repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (“the MAR”) in relation to Article 2 and 3 of the Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council.