XTPL S.A.

Regulatory Filings • Jan 21, 2020

The Management Board of XTPL S.A. (the "Company", the "Issuer") herebyannounces that today it has signed an agreement which starts the processof evaluation of its technology with OSRAM Opto Semiconductors GmbH (the"Partner") - a subsidiary of OSRAM - the global corporation from thelighting industry based in Munich, Germany ("OSRAM").

The purpose of the agreement is to confirm parameters of the technologydeveloped and commercialized by XTPL and to assess the possibility ofimplementing it in the process of manufacturing the Partner's newgeneration products, specifically in respect of creating preciseconductive structures for semi-conductors present in lighting devices.

Under the agreement signed, each party will be responsible for theirrespective costs, i.e. the Issuer - for the cost of printing on thePartner's substrates, while the Partner - for the cost of preparing andsending the substrates, the cost of advanced analyses of the prints andevaluation of technological tests, as well as the cost of referencevisits to the Issuer's headquarters.

In the opinion of the Company's Management Board the signing of theagreement which starts evaluation of technology for OSRAM is to beconsidered inside information because the potential client operateswithin an application field which is new to the Issuer (lightingindustry) and is one of the global leaders of this market, so there arereasons to believe that implementation of the above agreement may have asignificant impact on the Issuer's future income position.