New Supervisory Board Member Appointed and Composition of Supervisory Board Decided

Report number 3/2020

Legal basis: Legal basis: Art. 56(1)(2) of the Act on Public Offering – current and periodic information

The Management Board of Develia S.A. (“the Issuer” or “the Company”) inform that the Extraordinary General Meeting of the Company, which was held on 8 January 2020, decided that the Issuer’s Supervisory Board be composed of seven members and subsequently, appointed Mr Artur Osuchowski as Member of the Supervisory Board from 8 January 2020.

According to information and declarations submitted, the new Supervisory Board Member consented to stand as the candidate and declared that he satisfied the criteria set for independent Supervisory Board Members. Furthermore, the new Supervisory Board Member stated that he was not engaged in any activity which competed with Develia S.A., did not participate in any business which was a Company’s competitor as a partner in a private or other partnership, or as a member of a governing body of a company, or in another competitive legal person as a member of its governing body.

Information regarding the new Supervisory Board Member’s qualifications and work experience was contained in the attachment hereto.

Legal basis: Article 56(1)(2)(a) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies in connection with Section 5(5) of the Regulation of the Minister of Finance of 29 March 2018 on Current and Periodic Information Published by Issuers of Securities and on Conditions for Regarding Information Required by Law of Non-Member State as Equivalent (Dziennik Ustaw [Journal of Laws] of 2018, item 757).