Mbf Group Spolka Akcyjna

Regulatory Filings • Dec 30, 2025

Report Content Portfolio of enquiries and letters of intent in the Company's corebusiness

The Management Board of MBF Group S.A. with its registered office inWarsaw (the 'Company', 'Issuer') hereby announces that in the periodfrom November to December 2025, the Company conducted and completed thestage of collecting and preliminary analysis of a number of letters ofintent (LOI), requests for proposals and preliminary orders concerningthe Issuer's core operations, including international wholesale trade,import and export of goods, in particular vegetable oils (refined andunrefined), technical products, industrial components, fertilisers andliquid chemicals.

The documents in question and the commercial correspondence conductedare non-binding or conditional in nature and form the basis for furthercommercial negotiations with customers and parallel discussions withmanufacturers and suppliers, including with regard to the availabilityof volumes, logistical conditions, payments and compliance withregulatory and certification requirements. The Company emphasises thatno binding commercial agreements have been concluded at this stage, andthe execution of individual orders is subject to the fulfilment ofnegotiation and formal conditions.

As part of the commercial talks, the Issuer took into account, amongother things, preliminary orders and LOIs for the supply of refinedvegetable oils (sunflower, rapeseed/canola and soybean oil) in IBCpackaging and partly in bottled formats, intended for markets outsidethe EU, in particular Latin America. The volumes covered by theenquiries include trial deliveries in container form, with thepossibility of further increasing the scale of cooperation after thecompletion of test transactions. The estimated value of such orders,assuming trial volumes, has been tentatively set at approximately EUR450,000 (in words: four hundred and fifty thousand euros), with thecondition that the first deliveries are made on a full prepayment basis,in accordance with the Company's transaction security policy fordeliveries outside Europe.

At the same time, the Company has been in advanced talks with customersfrom the European Union regarding deliveries of refined food-gradesunflower oil, carried out exclusively in bulk, for further industrialprocessing. As at the date of publication of this report, these talksare at the stage of exchanging quality documentation and certificates,with no final schedule or price agreed. The approximate scale ofenquiries, calculated at current market levels, ranges from EUR 1.0million to EUR 1.5 million (in words: one million to one million fivehundred thousand euros) on an annual basis, although these figures donot constitute a revenue forecast.

The LOI and preliminary orders pool also includes discussions and anoffer for the supply of unrefined rapeseed-soybean oil blend forindustrial applications, including the biofuel and technical chemicalssectors. The enquiries cover both single deliveries of approximately 100tonnes and potential cyclical cooperation of up to approximately 1,000tonnes per month. The value of a single order of 100 tonnes, accordingto the agreed commercial terms, is approximately EUR 94,500 (in words:ninety-four thousand five hundred euros). As part of thiscorrespondence, discussions are also being held on the availability ofdegummed soybean oil, the origin of the raw material and the possibilityof ISCC certification for the supplies.

The Issuer has also considered enquiries and LOIs concerning the supplyof industrial oils such as acid oil and mixed seed oil, in volumes ofapproximately 200 tonnes per month, for the markets of Southern Europe.At the target levels indicated by the contractors, the approximatemonthly value of such supplies is approximately EUR 156,000 (in words:one hundred and fifty-six thousand euros), which corresponds toapproximately EUR 1.87 million (in words: one million eight hundred andseventy thousand euros) per annum, with the price terms remainingsubject to further negotiation.

During the period under review, the Company also conducted commercialnegotiations and prepared an offer for the delivery of 45,000 10-litrecanisters of AdBlue fluid for the German market, with delivery to therecipient's warehouse. The offer price is EUR 4.55 per unit (in words:four euros and fifty-five cents per unit) and includes transport to theplace of delivery, assuming the return or exchange of pallets. Theestimated value of such an order is approximately EUR 204,750 (in words:two hundred and four thousand seven hundred and fifty euros), with theoffer being time-sensitive due to the high volatility of urea prices,which is a key production raw material.

The total approximate value of all LOIs, requests for quotations andpreliminary orders included in this report, calculated solely as the sumof the values resulting from the documents and commercial correspondencereceived, is approximately EUR 4.1 million (in words: four million onehundred thousand euros), which corresponds to approximately PLN 17.3million (in words: seventeen million three hundred thousand Polishzloty) according to the exchange rate adopted for the purposes of thereport. The Management Board clearly indicates that this value does notconstitute a forecast, estimate or guarantee of the Company's futurerevenues, but only an arithmetic summary of the value of orders andenquiries at the negotiation stage.

The Management Board of MBF Group S.A. emphasises that despite theparallel development of advanced technology projects with potentialmilitary and dual-use applications, the Issuer continues to conductintensive operations in the area of international wholesale trade,import and export of goods, which remains an important element of theCompany's current economic activity and is significant from the point ofview of assessing the Issuer's operating situation within the meaning ofthe MAR Regulation.

The Company intends to inform the market on a regular basis, at leastonce a quarter, about significant operational activities in the area ofwholesale trade, including progress in the transition from enquiries andLOIs to the execution of deliveries. The aim is to provide investorswith as complete a picture as possible of the scale of the Issuer'soperating activities and to transparently show the dynamics ofconverting the portfolio of commercial negotiations into completedtransactions.

This information is published in order to ensure equal access toinformation for market participants and to accurately reflect the scaleand nature of the Company's current commercial activities.