ACTION S.A.

Declaration of Voting Results & Voting Rights Announcements • Feb 25, 2021

Vienna, the 24th of February 2021

Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) ul. Piękna 20 00-549 Warsaw, Poland

Edison SA ul. Dobrego Pasterza 122 A 31-416 Kraków Poland

EDITEL Austria GmbH Brahmsplatz 3, 1040 Vienna Austria

NOTIFICATION OF INCREASE IN THE SHARE OF TOTAL NUMBER OF VOTES

Acting in the name of EDITEL Austria GmbH, with its registered office at Brahmsplatz 3, 1040 Vienna, commercial register number FN 312252w registered by Commercial Court Vienna ("Notifier"), pursuant to Article 69 Item 1 Point 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies dated July 29th 2005 ("Act on Public Offer"), we hereby notify the Polish Financial Supervision Authority and Edison Spółka Akcyjna, with its registered office in Kraków, at Dobrego Pasterza 122A, 31-416 Kraków, registered in National Court Register under number 0000040306 ("Edison"), that as a result of purchase of 6.816 Edison shares on New Connect of Warsaw Stock Exchange on 9th of December 2020 the direct share of Notifier in the total number of votes at General Meeting of Shareholders of Edison increased over 90% of the total number of votes at General Meeting of Shareholders of Edison. In addition, we inform that as a result of purchase of 2.951.567 Edison subscription warrants on 19th of June 2019 concluded on the basis of a civil contract giving the right to 2.951.567 series & ordinary shares of Edison our direct share in the total number of votes at General Meeting of Shareholders of Edison can increase over 95%.

Before the transaction on 9th of December 2020 the Notifier held 89,96% of Edison shares.

After the transaction the Notifer holds 2.661.919 shares of Edison, i.e. 90.19% of the share capital of Edison, giving 2.661.919 votes at the General Meeting of Edison, i.e. 90.19% of total votes at the General Meeting of Shareholders of Edison.

No subsidiaries of the Notifier hold any shares in the share capital of Edison.

The Notifier has not entered into any agreement with any third party regarding the transfer of rights to exercise the voting rights from the shares of Edison, mentioned in Art. 87 Item 1 Point 3 Letter c) of the Act on Public Offer

According to art. 69 item 4 point 7-8 of the Act on Public Offer we inform that Notifier holds 2.951.567 Edison subscription warrants giving the right to 2.951.567 series L ordinary shares with the execution date expiring on 31st of December 2025.

In case of subscription for all series L ordinary shares Notifier will hold 5.613.486 shares of Edison, i.e. 95.09% of the share capital of Edison, giving 5.613.486 votes at General Meeting of Shareholders of Edison, i.e. 95.09% of total votes at the General Meeting of Shareholders of Edison.

According to art. 69 item 4 point 9 we inform, that after the transaction the Notifier holds 2.661.919 shares of Edison, i.e. 90.19% of the share capital of Edison, giving 2.661.919 votes at the General Meeting of Shareholders of Edison, i.e. 90.19% of total votes at the General Meeting of Shareholders of Edison.

+43/1/505 86 02 F -830

Magh Gerdz Marlovits E info@editel.at hief Executive Officer of EDITEL Austria GmbH