XTPL S.A.

Capital/Financing Update • Jul 6, 2022

Title:

Conclusion of an agreement for the purchase of a part of XTPL S.A.convertible bonds series A for redemption

Legal basis:

Article 17(1) MAR - inside information

Contents of the Report:

The Management Board of XTPL S.A. (the "Company" or the"Issuer") withreference to the ESPI current report No. 12/2022 of May 25, 2022,informs that today, i.e. on July 6, 2022, the Issuer concluded anagreement with the bondholder to purchase 2,993 bonds of the Companyseries A shares convertible into series U shares (_quot;Bonds_quot;) for thepurpose of their redemption.

For the purchase of the Bonds, the Issuer will pay the bondholder aprice in the amount of PLN 230,122.83, consisting of the nominal valueof the acquired Bonds in the amount of PLN 221,482 and interest in theamount of PLN 8,640.83. The sale price of the Bonds includes allreceivables resulting from the acquired Bonds.

After the settlement of the Bond purchase transaction, the Issuer willredeem the Bonds and submit an application for their deregistration fromthe securities register kept by the National Depository for Securities(KDPW).

After the redemption of the Bonds, the total number of the Company's Aseries convertible bonds issued and not redeemed will amount to 45,655bonds.

The acquisition of the Bonds for redemption is part of the process ofextending and changing the debt financing granted to the Issuer on thebasis of series A convertible bonds, about which the Issuer informed inthe current report ESPI No. 12/2022 of May 25, 2022 and for thesereasons the Issuer's Management Board considered this fact confidentialinformation within the meaning of Art. 7 sec. 1 of the MAR Regulation.