Digitree Group S.A.

Legal Proceedings Report • Mar 13, 2019

Subject: Increase of the liability in relation to German real estatetransfer tax

Current report No. 09/2019

The management board of Pfleiderer Group S.A. (the "Company") announcesthat today the management board of the Company has decided to increasethe liability in relation to the real estate transfer tax up to theamount of PLN 45,595,000 (equal to approximately EUR 10,600,000).

In 2016, as a result of intra-group restructuring and acquisition by theCompany of a 100% share in Pfleiderer GmbH, the Company indirectlyacquired certain real properties located in Germany, as a result ofwhich the Company recognised a real estate transfer tax liability due tothe German tax office in the amount of approximately PLN 22,245,000(equal to approximately EUR 5,400,000) and created a tax liability inits financial statements for the year ended 31 December 2016 (the "2016Financial Statements").

Following information from German tax authorities and an externalanalysis mandated by the Company, the management board became aware ofthe fact that the real estate transfer tax liability should have beenestimated at PLN 45,595,000 (the "Increased Tax Liability") and not PLN22,245,000 and that the Increased Tax Liability might need to bereflected in the Company's financial statements and initiatedpreliminary discussions with the auditor in relation thereto.

Following the preliminary discussions with its statutory auditor, themanagement board decided to: (i) increase the liability in the financialstatements of the Company up to the amount corresponding to theIncreased Tax Liability; and (ii) include in the financial statementsfor the year ended 31 December 2018 (the "2018 Financial Statements") arestatement note concerning a material mistake contained in the 2016Financial Statements.

Increased Tax Liability in the amount of PLN 45,595,000 (EUR 10,600,000)will not impact the Company's profits and losses in 2018 FinancialStatements.

The management board of the Company estimates that in 2019 the Companywill be obliged to pay the above-described real estate transfer taxamounting up to PLN 45,595,000 (EUR 10,600,000).

This report was prepared pursuant to Article 17, Section 1 of Regulation(EU) No. 596/2014 of the European Parliament and of the Council of 16April 2014 on market abuse (market abuse regulation) and repealingDirective 2003/6/EC of the European Parliament and of the Council andCommission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.

13.03.2019