Proguns Group S.A..

Share Issue/Capital Change • Nov 27, 2025

Report Content With reference to Current Report EBI No. 20/2024 dated 22 November 2024,Current Report ESPI No. 9/2025 dated 17 March 2025, Current Report ESPINo. 24/2025 dated 13 November 2025, Current Report ESPI No. 25/2025dated 13 November 2025, and Current Report ESPI No. 26/2025 dated 13November 2025, the Management Board of Proguns Group S.A., with itsregistered office in Warsaw, hereby announces that today the followinghave been registered in the National Depository for Securities (KDPW)and credited to the shareholder's securities account:

- 490,000 series W1 shares of the Issuer;

- 2,000,000 series W2 shares of the Issuer;

- 1,760,000 series W3 shares of the Issuer;

i.e., a total of 4,250,000 shares of the Issuer.

The Management Board notes that, pursuant to Article 451 §1 inconjunction with Article 451 §2 sentence 2 of the Commercial CompaniesCode, the rights attached to the above shares arose at the moment theshares were credited to the securities account of the entity thatsubscribed and paid for them, namely Grupa Niewiadów - PGM S.A. At thatsame moment, the Issuer's share capital was increased by the amountequal to the aggregate nominal value of the subscribed shares, that isby PLN 425,000.

Accordingly, as of today, the Issuer's share capital amounts to PLN1,016,000 and is divided into 10,160,000 shares, including:

- 1,000,000 series A shares;

- 2,000,000 series B shares;

- 450,000 series C shares;

- 550,000 series D shares;

- 400,000 series E shares;

- 2,000,000 series W1 shares;

- 2,000,000 series W2 shares;

- 1,760,000 series W3 shares.

The Management Board also reminds that, as of today, including theshares referred to in this report, the following have been subscribed,paid for, and credited to securities accounts:

- 2,000,000 series W1 shares of the Issuer;

- 2,000,000 series W2 shares of the Issuer;

- 1,760,000 series W3 shares of the Issuer;

which means that the maximum number of series W1, W2, and W3 sharesavailable for issuance has been subscribed, paid for, and registered.