AGORA S.A.

Related Party Transaction • Nov 14, 2022

Conclusion of agreement with trade unions on reduction of employment atAgora S.A.

The Management Board ofAgora S.A. (_quot;Company_quot;) with its registered seat in Warsaw, in relationto regulatory filing no. 36/2022 dated October 28th, 2022, herebyinforms about:

(i) concluding onNovember 14th, 2022 an agreement_#160;with trade unions operating at the Company(which fulfills the provisions of article 3, Section 1 of the Act ofMarch 13th, 2003 on Special Rules for Termination of Employment forReasons Not Attributable to Employees) and with work council in theCompany (which constitutes an agreement in accordance with the Act ofApril 7th, 2006 on informing and consulting employees) (_quot;Agreement_quot;),

(ii) adopting by theManagement Board of the Company on November 14th, 2022 resolution toexecute collective redundancies in the Company, in accordance with theprovisions of the Agreement.

The collectiveredundancies shall be executed from November 17th until December 16th,2022, and shall affect up to 84 employees.

In accordance with theagreement, the laid-off employees will be provided by the Company with awider range of supportive measures than required by law. The redundancypayment estimated according to law regulations shall be increased by anadditional compensation in the amount depending on the seniority atAgora Group. The laid-off employees shall be supported by additionalprotective measures provided by the Company, i.a. help in searching fornew job and reskilling, psychological care and basic medical care. TheCompany, in accordance with requirements of law, shall submit anappropriate set of information, together with the signed Agreement, to arelevant Labor Office.

_#160;Theestimated amount of provision for collective redundancies which will becharged to the Company and Agora Group's result in 4Q2022, shall amountto approximately PLN 3.6 million. The Company estimates that therestructuring measures shall result in the annual savings and may amountto approximately PLN 6.7 million.

The Company shallprovide its estimates of costs and savings related to the process ofcollective redundancies in the Management Discussion and Analysis for1Q2023.

Legal basis: article17, paragraph 1 of the Regulation of the European Parliament and CouncilRegulation (EC) No. 596/2014 of April 16th, 2014 on market abuse(Regulation on Market Abuse) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and the Commission Directive2003/124/EC, 2003/125/EC and 2004/72/EC (Acts. Office. EC L 173,06.12.2014).