Decision on Audit of Company’s Separate Financial Statements for 1H 2020

In relation to the Current Report No. 31/2018 of 20 June 2018 and the Current Report No. 7/2020 of 31 January 2020, the Management Board of Develia S.A., based in Wrocław, (“the Company”), inform that on 28 July 2020 the Company’s Supervisory Board adopted the Resolution No. 13/2020 on amendment to the Resolution no. 8/2018 carried by the Company’s Supervisory Board on 20 June 2018 on the selection of an auditor to examine LC Corp S.A.’s (currently Develia S.A.) 2018, 2019 and 2020 financial statements. Under the said amended resolution, an entity selected to review separate and consolidated interim financial statements of Develia S.A. (formerly LC Corp S.A.) will audit the Company’s separate financial statements for 1H 2020 instead of the review of the Company’s separate financial statements for 1H 2020.

Further, the Company’s Supervisory Board have given authorisation to the Company’s Management Board to execute an amendment to the 27 July 2018 audit and other assurance services agreement with Deloitte Audyt Sp. z o.o. Sp. k., based in Warsaw, stipulating that the Company’s separate interim financial statements for 1H 2020 are to be audited (instead of being reviewed).