Korporacja Gosporadcza Effekt S.A.

Related Party Transaction • Oct 1, 2021

Conclusion of a significantagreement by the Issuer.TheManagement Board of Korporacja Gospodarcza "Efekt" SA with itsregistered office in Krakow (hereinafter also referred to as the"Company" or "the Issuer") informs that on October 1, 2021, the Issuer,as an Investor, concluded an agreement with an entity related to theIssuer in the form of a promissory note in place of performance of thepecuniary obligation, on the basis of which the Issuer purchased fromthis entity an investment wedding for a promissory note amount of PLN5,200,000.00 with a maturity date falling on June 30, 2022 instead ofthe obligation to pay the amount of the debt that the Issuer had onOctober 1, 2021 in relation to this entity in the amount of PLN4,900,000.00 for the redemption of debt securities, the acquisition ofwhich was announced by the Issuer in the current report No. 7/2021 ofMay 21, 2021.Inconnection with the conclusion of the above-mentioned agreement and theissuance and delivery to the Issuer of an investment bill of exchangefor the promissory note sum of PLN 5,200,000.00 in place of theobligation to pay the amount of receivables that the Issuer had as ofOctober 1, 2021 in relation to the other party to this agreement in theamount of PLN 4,900.000.00 for the redemption of debt securities, at thesame time the Issuer's claim of PLN 4,900,000.00 for the redemption ofdebt securities expired, and in its place a bill of exchange claim forthe amount of 5,200,000.00 was created against the same entity zlotys.Theissuer of the promissory note, together with the conclusion of thedescribed agreement, made a statement about its stable financialsituation, which was verified by the Issuer at the conclusion of theagreement.Theterms of the concluded agreement, including in particular the issuevalue, do not differ from the terms and conditions adopted for this typeof agreement concluded on the market.