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Coal Energy S.A.

M&A Activity • Dec 19, 2023

5567_iss_2023-12-19_133b30ad-8461-46a3-bdd6-569b0396fd63.pdf

M&A Activity

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Acquisition of an asset

Current report no. 9/2023 Dated 19 December 2023

Board of Directors of Coal Energy S.A. ("Company") informs about acquisition of an asset.

According to new Development strategy for 2023-2026 the Company has acquired a new asset - LLC UKRMINERAL TRADING, Ukrainian based company, created to obtain licenses for mining of mineral resources in Ukraine.

The cost of transaction is 50 000 UAH (equivalent to 1 237 Euros at the NBU rate).

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