Notice from Shareholder of Increase in Total Number of Votes in Company

The Management Board of Develia S.A. (the “Issuer” or the “Company”) inform that pursuant to Article 69 of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies of 29 July 2005 (the “Act”) they have received today from a pension fund company Generali Powszechne Towarzystwo Emerytalne S.A. a notice that the liquidation of NNLife Otwarty Fundusz Emerytalny was completed and its assets were transferred to Generali Otwarty Fundusz Emerytalny, reading as follows:

“Pursuant to Article 69 of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading System and on Public Companies of 29 July 2005 (Dziennik Ustaw [Journal of Laws] of 2022, item 2554) – (the “Act”), Generali Powszechne Towarzystwo Emerytalne S.A. (the Fund Company), with its registered office in Warsaw, at ul. Senatorska 18, informs that the liquidation of NNLife Otwarty Fundusz Emerytalny (“NNLife OFE”) was completed on 21 July 2023. On the date the NNLife OFE liquidation was completed, its assets were transferred to Generali Otwarty Fundusz Emerytalny (“Generali OFE”), as a result of which Generali OFE’s share in the share capital and in the total number of votes of Develia S.A. (the “Company”) exceeded the 10% threshold.

Prior to NNLife OFE Liquidation

Generali OFE and NNLife OFE held, in aggregate, 45,927,819 (say: forty-five million nine hundred twenty-seven thousand and eight hundred nineteen) shares, which accounted for a 10.26% share in the Company’s share capital and 45,927,819 (say: forty-five million nine hundred twenty-seven thousand and eight hundred nineteen) votes at the Company’s General Meeting, which comprised a 10.26% share in the number of votes;

Of which Generali OFE held 9,636,960 (say: nine million six hundred thirty-six thousand and nine hundred sixty) shares, which accounted for a 2.15% share in the Company’s share capital and 9,636,960 (say: nine million six hundred thirty-six thousand and nine hundred sixty) votes at the Company’s General Meeting, which comprised a 2.15% share in the total number of votes;

After NNLife OFE Liquidation

Generali OFE holds, in aggregate, 45,927,819 (say: forty-five million nine hundred twenty-seven thousand and eight hundred nineteen) shares, accounting for a 10.26% share in the Company’s share capital and 45,927,819 (say: forty-five million nine hundred twenty-seven thousand and eight hundred nineteen) votes at the Company’s General Meeting, comprising a 10.26% share in the number of votes;

There are no undertakings related to Generali OFE and having any share in the Company, nor are there any persons referred to in Article 87(1)(3)(c) of the Act.

The number of voting rights attaching to shares, computed in the manner prescribed in Article 69b(2) of the Act, which Generali OFE would be permitted or required to acquire as a holder of the financial instruments referred to in Article 69b(1)(1) of the Act, and the financial instruments referred to in Article 69b(1)(2) of the Act, which are not exercised solely by monetary settlement is zero.

The number of voting rights attaching to shares, computed in the manner prescribed in Article 69b(3) of the Act, to which the financial instruments mentioned in Article 69b(1)(2) of the Act refer, directly or indirectly, is zero.

The overall number of Generali OFE’s votes computed pursuant to Article 69(4)(9) is 45,927,819 (say: forty-five million nine hundred twenty-seven thousand and eight hundred nineteen), which comprises a 10.26% share in the total number of votes.”