GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Regulatory Filings • Oct 4, 2021

Current Report No. 20/2021Date: 4 October 2021Topic:Decision of the Exchange Management Board to sign an agreement with NCBRconcerning co-financing of the development of TeO, a multi-moduleauction platform supporting comprehensive processing of media industrytransactionsLegal basis: Article 17(1) MAR - inside informationContent:Furtherto Current Report No. 19/2021 of 4 October 2021, the Management Board ofthe Warsaw Stock Exchange ("GPW", "Company" or "Exchange") announcesthat on 4 October 2021 the Management Board at its meeting decided tosign an agreement with Narodowe Centrum Badań i Rozwoju ("NCBR")concerning co-financing of the development of TeO, a multi-moduleauction platform supporting comprehensive processing of media industrytransactions.The project budget is estimated by GPW at PLN33,345,386.73 (in words: thirty-three million three hundred forty-fivethousand three hundred eighty-six zlotys 73/100) including NCBRco-financing of PLN 13,338,154.67 (in words: thirteen million threehundred thirty-eight thousand one hundred fifty-four zlotys 67/100).Thepurpose of the project is to develop an innovative TeO Platform. The newsolution will be dedicated to the profiling of TV users and the sellingand displaying of targeted advertising on linear television. TeO willuse state-of-the-art technology including machine learning and neuralnetworks to ensure highly precise profiling and minimal system latencynecessary to purchase and display advertising in near real time. TheExchange will perform the work necessary to develop the TeO Platformwithin its group of companies.Legal basis: Article 17(1) ofRegulation (EU) No 596/2014 of the European Parliament and of theCouncil of 16 April 2014 on market abuse (market abuse regulation) andrepealing Directive 2003/6/EC of the European Parliament and of theCouncil and Commission Directives 2003/124/EC, 2003/125/EC and2004/72/EC (EU Official Journal L No. 173) ("MAR")