Fabrity Holding S.A

M&A Activity • Oct 24, 2018

Confidential information regarding the merger of the subsidiaryAforti Collections S.A. with a debt recovery company

The board of Aforti Holding S.A. ("the Company", "the Issuer")headquartered in Warsaw, in reference to the current report of ESPI No.29/2018 dated on 13/08/2018, hereby announces to the public that itreceived information that on October 24, 2018 the Boards of the Issuer'ssubsidiaries: Aforti Collections S.A. with its registered office inWarsaw (hereinafter: "Aforti Collections", "Acquiring Company") andLifeBelt sp. o.o. with its registered office in Lublin (hereinafter:"LifeBelt", "the Acquired Company") agreed a Merger Plan of thecompanies and acting on the basis of art. 500 § 1 and § 3 of the Code ofCommercial Companies (hereinafter "CCC") submitted this plan to theregister files of the District Court.

The merger of the companies will take place pursuant to art. 492 § 1point 1 of the CCC in connection with art. 515 § 1, i.e. by transferringall assets of the Acquired Company to the Acquiring Company (merger byacquisition). The merger of the Companies will take place withoutincreasing the share capital of the Acquiring Company.Additionally,pursuant to art. 516 § 5 of the CCC in connection with art. 516 § 6 ofthe Commercial Companies Code, the merger of the companies will takeplace in the simplified mode provided for in the afore-mentionedregulations.

After 30 days from the date of submitting the Merger Plan, theManagement Boards of Aforti Collections and LifeBelt will submit thefinal application for entering the merger of the above-mentionedcompanies, and thereby removing LifeBelt from the register ofentrepreneurs of the National Court Register.

The Issuer will inform about further activities in subsequent currentcommunications.

Acquisition of an entity from the debt collection industry by AfortiCollections S.A. is the implementation of the Aforti Group's developmentstrategy for 2018-2020 in terms of development of subsidiaries'structures in Poland.

Legal basis: Article 17 paragraph 1 of the MAR - confidential information