XTPL S.A.

Share Issue/Capital Change • May 14, 2020

The Management Board of XTPL S.A. (the "Company", the "Issuer") herebyannounces that on 14 May 2020 Filip Granek, a significant shareholderand the Company's Management Board President, informed the Chairman ofthe Company's Supervisory Board about his declared intention toparticipate in the financing round if it takes place following adoptionof the relevant resolutions of the Company's General Meeting included inthe agenda of the Company's Extraordinary General Meeting called for 8June 2020.

Filip Granek declared to the Company his willingness to participate inthe financing round in amount not lower than PLN 400 000 (four hundredthousand zlotys).

Except drawing up the documentation presented in current report No.13/2020 published on 11 May 2020 on convening an Extraordinary GeneralMeeting, the Company did not take any binding decisions or commitmentsregarding any activities in relation to the issue of series T shares orbonds convertible to series U shares, which require relevant priorresolutions of the Company's General Meeting.

In the Company's opinion, the above information is to be consideredinside information within the meaning of Article 7 MAR because thedeclaration comes from the Company's significant shareholder andco-founder, and points to the intended continued capital involvement inthe Company by its co-founder.

In addition, if the issue resolution are adopted, Filip Granek, as theManagement Board, will be able to make a number of decisions as part ofthe process to issue shares and convertible bonds, including decisionsabout who will be offered the shares and convertible bonds.

The information relates to an intermediate part of the process connectedwith obtaining a new tranche of financing for the Company covering theproposed issue of series T shares and bonds convertible to series Ushares.