Issuer’s Subsidiary Decides to End and Not to Continue Negotiations over Disposal of Right of Perpetual Usufruct

With reference to Current Report No. 5/2022 of 28/01/2022, the Management Board of Develia S.A. (the “Issuer” or the “Company”) inform that the Issuer’s subsidiary, Develia Invest sp. z o.o., in which the Issuer holds 100% of shares and 100% of votes at the subsidiary’s general meeting under voting rights attaching to such shares, on 08/09/2023 , owing to a change in the market and economic situation, in connection with a significant change in offer conditions compared to those agreed in the signed letter of intent, decided to end and not to continue the negotiations over the disposal of right of perpetual usufruct for a part of land property located in Wrocław at Kolejowa Street, having the total area of 12,670 sq. m (the “Real Property”) along with a portion of the project comprising the construction of two multifunctional buildings, including a common underground car park and necessary infrastructure, which negotiations were conducted between the subsidiary and an European entity investing in commercial real property.

This report has been published due to the fact that the event in question is of relevance to the Issuer’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) 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 (“MAR”).