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Fabrity Holding S.A

Annual Report May 8, 2019

5666_rns_2019-05-08_8c4974ce-0be9-48a3-b3cb-69eefaf69818.html

Annual Report

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Information regarding to create the provisions by the subsidiaries

The board of Aforti Holding S.A. ("the Company", "the Issuer")headquartered in Warsaw hereby announces to the public that in thecourse of work on the Issuer's consolidated annual financial report forthe 2018, became aware that the management boards of its subsidiaries:Aforti Finance S.A. headquartered in Warsaw (hereinafter: "AfortiFinance") and Aforti Factor S.A. headquartered in Warsaw (hereinafter:"Aforti Factor"), following the precautionary principle, they decided tocreate provisions in total PLN 1 261 850,46 with effect on December 31,2018.In accordance with the decision of the Management Board ofAforti Finance, a provision was established in the amount of 1 134441,55 PLN towards the repaid receivables from loans granted by thecompany.At the same time, the Management Board of Aforti Factordecided to set up provisions in the amount of 127 408,91 PLN on accountthe repaid receivables from supported factoring agreements.Theseprovisions were not included in the condensed financial statements forthe fourth quarter of 2018 published by the Company in a quarterlyreport on February 14, 2019, no. 13/2019.In accordance with thebest knowledge of the Issuer's Management Board, the above-mentionedprovisions may affect the consolidated net result generated by theAforti Group for 2018.Legal basis: Article 17 paragraph 1 of theMAR - confidential information

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