Acquisition of Real Property by Issuer’s Subsidiary

The Management Board of DEVELIA S.A. (the “Issuer”) inform that today, i.e. 11 July 2023, an Issuer’s subsidiary, namely, Develia Warszawa sp. z o.o., based in Wrocław, as the Purchaser, entered into a sales agreement in the form of a notarial deed under which the right of ownership to vacant parcels of land located in Warsaw, Mokotów District, at Al. Gen. Władysława Sikorskiego – plots no. 11/3 and 11/4 (hereinafter collectively called: the Real Property), with the total area of 0.5795 ha – were purchased from an entity which was not related to the Issuer. The net price for the Real Property amounted to PLN 22,000,000.00, plus VAT at a rate of 23 per cent, i.e. an amount of PLN 27,060,000.00.

The Company intends to use the Real Property for an investment project with approx. 59 residential and retail premises to be built as multi-family residential development. It is envisaged that sales for this investment project will commence in Q3 2023.

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.