XTPL S.A.

Regulatory Filings • Mar 13, 2020

The Management Board of XTPL S.A. (the "Company", the "Issuer") herebyannounces that one of the Issuer's clients with whom the Company hasbeen in talks about commercialization of the XTPL technology, has placedan order for the delivery of nanoink developed by the Company("Delivery") and protected by a patent application. The nanoink purchaseis another step towards implementing the Issuer's technology in thesolutions offered by the above client. The client operates in anindustry connected with displays.

In the opinion of the Company's Management Board the beginning ofcommercial nanoink sale is to be considered inside information becausethe Management Board believes it confirms the transition to the nextphase of the business relationship with the above client, whichincreases the likelihood of commercialization of the technologydeveloped by the Company.

The revenue from the Delivery of first order is insignificant in thecontext of the Company's financial plans. However, the very fact of thecommercial ink order is significant from the Company's point of view,and is a proof of its capability to start cooperation with the aboveclient regarding entry into the market (in which the customer operates).