AGORA S.A.

Capital/Financing Update • Apr 30, 2021

Failure to meet the financial ratio in the loan agreement by thesubsidiary Helios S.A.The Management Board of Agora S.A.informs that in the course of preparations for the publication offinancial results for the first quarter of 2021, it became aware of thefailure of Helios S.A. to maintain one of the financial ratios specifiedin loan agreements - the capitalization ratio calculated as theequity-to-asset ratio, included in the loan agreement with BNP ParibasBank Polska S.A. ("Bank").The failure to maintain theratio was mainly due to the prolonged closure of cinemas connected tothe outbreak of the COVID-19 pandemic. As a result of the failure tomaintain the ratio Helios S.A. will reclassify PLN 5 million oflong-term liabilities into short-term ones at the balance sheet date.The total value of the loan used under the loan agreement amounted toPLN 7.2 million as at the balance sheet date.At the same time,Agora S.A. received information that the Bank informed the managementboard of Helios S.A. that the failure to maintain the capitalizationratio was not considered a breach of the terms of the loan agreement.Due to the ban on the operation of cinemas until 29 May 2021, there is ahigh probability that Helios S.A. will not meet the current financialratios indicated in the agreement with the Bank also in the secondquarter of 2021. The company will provide detailed information on thisin the financial statements for the period to which this will apply.Legalbasis: Art. 17 sec. 1 of the Regulation (EU) No 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directive 2003/124/EC,2003/125/EC and 2004/72/EC - confidential information.