XTPL S.A.

Delisting Announcement • Sep 26, 2020

Pursuant to Article 16(1) of the Act of 30 August 2019 amending theCommercial Companies Code Act and certain other acts, the ManagementBoard of XTPL S.A. (the "Issuer") hereby calls shareholders to submitshare documents to the Issuer by 31 December 2020 for the purpose ofdematerialization of the shares. Share documents should be submitted onworking days (Monday to Friday) from 10 a.m. to 3 p.m. at the Issuer'sheadquarters at ul. Stabłowicka 147 in Wrocław. The Company's sharedocuments will expire by law on 1 March 2021. A share document willremain valid for evidence purposes for five years after the effectivedate of the above Act solely when the shareholder will desire todemonstrate their shareholding right to the Company.

In addition, the Issuer's Management Board advises that as at the dateof this call, all the Issuer's shares (except for series P shares) aredematerialized and admitted to trading on the regulated market of theWarsaw Stock Exchange. P series shares are intended for the incentivescheme for the Issuer's employees and collaborators, and will beregistered with the Central Securities Depository of Poland inaccordance with the applicable legal provisions.

This call is the first of the five calls required by law.

Legal basis: Article 16(1) of the Act of 30 August 2019 amending theCommercial Companies Code Act and certain other acts.