Acquisition of Real Property by Issuer’s Subsidiary

With reference to Current Report No. 54/2024 of 09/08/2024, the Management Board of DEVELIA S.A. (the “Issuer”) inform that today, i.e. 17 September 2024, an Issuer’s subsidiary, Develia Wrocław S.A., based in Wrocław, as the purchaser, entered into a sales agreement in the form of a notarial deed under which the ownership of an undeveloped land property located in Wrocław at Podhalańska street – plots no. 131/2, 129/2, 130/2, 260/4, AM-8, Złotniki precinct, having an area of 16,700 sq. m, hereinafter called: the Real Property, was purchased from Wrocław Commune, i.e. an entity which was not related to the Issuer, for a net price of 19,450,000.00 plus value added tax, namely PLN 23,923,500.00 gross.

The Company intends to use the above real property for an investment project with approx. 226 residential premises to be built as multi-family development. It is envisaged that sales for this investment project will commence in Q1 (first quarter) 2026.

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.