Korporacja Gosporadcza Effekt S.A.

M&A Activity • May 26, 2022

MergerPlan of the Korporacja Gospodarcza _quot;EFEKT_quot; S.A. with companies from theCapital Group _quot;EFEKT_quot;.ManagementBoard of the Korporacja Gospodarcza _quot;Efekt_quot; S.A. (Company, Issuer),referring to the current report No. 13/2022 of May 26, 2022 containingthe information on the decision to merge the Economic Corporation_quot;EFEKT_quot; S.A. with subsidiaries, informs that today the Management Boardsof the merging companies have agreed and signed the Merger Plan of theEconomic Corporation _quot;EFEKT_quot; S.A. based in Kraków with subsidiariesEFEKT-HOTELE Spółka Akcyjna based in Kraków and _quot;LIDER HOTEL_quot; limitedliability company based in Kraków (hereinafter: Merger Plan). Therefore,the Management Board of _quot;EFEKT_quot; S.A. provides enclosed the Merger Plan,prepared pursuant to Art. 499§1 of the Commercial Companies Code. At thesame time, the Issuer informs that pursuant to Art. 514§1 and art. 516§6in connection with joke. 516§1 and 5 and article. 500§2ą of the Code ofCommercial Companies: 1. The Merger Plan will not be examined by a courtexpert; 2. The Merger Plan will not be published in Monitor Sądowy iGospodarczy, but together with attachments it will be made available tothe public free of charge on the websites of the merging Companies. 3.as a result of the merger, the shares of the Acquiring Company will notbe issued to the shareholders of the Acquired Companies and the sharecapital of the Acquiring Company will not be increased, and no change inthe statute of the Acquiring Company in connection with the merger isenvisaged. For these reasons, the Merger Plan does not contain theelements indicated in Art. 499 §1 point 2 - 4 of the CommercialCompanies Code; 4. due to the fact that the Acquiring Company is apublic company and, in accordance with the provisions on public offeringand conditions for introducing financial instruments to an organizedtrading system and on public companies, publishes and makes available toshareholders periodic financial statements, the Acquiring Company didnot prepare a statement containing information on the state ofaccountant, in accordance with art. 499§4 of the Commercial CompaniesCode; 5. due to the circumstances referred to in items 3 and 4 above,the documents listed in Art. 499§2 point 2 of the Code of CommercialCompanies and in art. 499§2 point 4 of the Code of Commercial Companies- with regard to the Issuer.