Revised Objectives of Develia S.A. Management Board for 2023

The Management Board of Develia S.A. (the “Issuer” or the “Company”) inform that today, i.e. on 08 September 2023, the Company’s Management Board, given the fact that the situation on the housing market improved and the transaction under which 100% of shares in the share capital of Polish subsidiaries of Nexity S.A., based in Paris, was closed, as communicated by the Issuer in Current Report No. 40/2023 of 26 July 2023, with reference to the “2021-2025 Develia’s Strategy” unveiled in Current Report No. 12/2021 of 18 February 2021, decided to update Develia S.A. Management Board’s objectives for 2023, approved in the Management Board Resolution No. 9/2023 of 15/02/2023 and published in Current Report No. 8/2023 of 15/02/2023, reading as follows:

1. To reach in 2023 the sales level ranging between 2,500 and 2,600 premises, compared to 1,450 and 1,650 premises stated at the beginning of the year;
2. To deliver between 2,500 and 2,600 premises to customers in 2023, compared to 1,900 – 2,050 premises under the previous objective;
3. To add to the 2023 offer and commence the construction of 2,700 – 2,900 premises, compared to 1,850 – 2,050 premises envisaged under the previous plans;
4. To continue to conduct negotiations with potential PRS investors on the private rented sector.

The aforesaid objectives do not constitute any forecast or estimates, nor do they refer to financial results. They only serve to provide information on the Issuer’s envisaged areas of activity and potential directions in which it could extend its operations in 2023.

Due to the fact that the foregoing information has an important impact on the perspectives of the Issuer’s growth, it has been deemed to meet criteria laid down in Article 7(1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse.