Acquisition of Real Property Shares by Issuer’s Subsidiary

The Management Board of the Issuer inform that the Issuer’s subsidiary, i.e. Develia Wrocław S.A., based in Wrocław, on 22 January 2024, entered into a sales agreement with an entity which was not related to the Issuer pursuant to which it purchased shares amounting in aggregate to 5/10 in the real property being a parcel of land number 4/8, located in Wrocław at 2-4 Międzyleska street, having the total area of 4.3630 ha, for the total price of PLN 55,000,000.00 net plus VAT, i.e. PLN 67,650,000.00 gross.

The Company intends to use the above real property for an investment project with approx. 1,050 residential premises to be built as multi-family development. It is envisaged that sales for this investment project will commence in Q1 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 conjunction with 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.