AGORA S.A.

Report Publication Announcement • Dec 30, 2025

Report Content 32/2025 Initiation of consultation procedure on downsizing at Agora'ssubsidiariesRegulatory filing

The Management Board of Agora S.A. ("Agora") hereby informs that onDecember 30, 2025, the Management Boards of its subsidiaries, i.e.,Wyborcza sp. z o.o. ("Wyborcza"), Gazeta.pl sp. z o.o. ("Gazeta.pl"),and Eurozet Consulting sp. z o.o. ("Eurozet Consulting"), in accordancewith the Act of March 13, 2003 on Special Rules for Termination ofEmployment for Reasons Not Attributable to Employees, resolved toinitiate consultations on group layoffs with the trade union operatingin those companies. Additionally, in accordance with the Act of April 7,2006 on informing and consulting employees, works council or employees'representatives shall also be consulted on the group layoff process.Theintention of the Management Board of Wyborcza is to lay off up to 60employees of the company in the fields of operational support, sales,business support, and editorial (which constitutes ca. 13,48% ofemployees of the company as of December 30, 2025) between January20,2026 and February 28, 2026.The intention of the ManagementBoard of Gazeta.pl is to lay off up to 63 employees of the company inthe fields of operational support, sales, business support, andeditorial (which constitutes 25,82% of employees of the company as ofDecember 30, 2025) between January 20,2026 and February 28, 2026.

The intention of the Management Board of Eurozet Consulting is to layoff up to 13 employees of the company in the fields of in operationalsupport, sales, business support, and editorial (which constitutes20,63% of employees of the company as of December 30, 2025) betweenJanuary 20,2026 and February 28, 2026.

The reason for conducting group layoffs is the ongoing transformation ofthe digital operations segment within the Agora Capital Group, which inits current operating model is not effective. In order to align withprevailing market conditions and the financial capabilities of the AgoraS.A. Capital Group, a decision has been taken to eliminate certainpositions, discontinue roles with overlapping responsibilities, andautomate selected processes, thereby reducing the overall demand forlabor.Wyborcza, Gazeta.pl and Eurozet Consulting shall gothrough these changes in a thought out manner and with care for itsemployees, offering the dismissed employees statutory severance paymentsand additional protective and supportive initiatives, which shall be thesubject of consultations with the trade union, works council andemployee representatives.

On December 30, 2025, the Management Boards of Wyborcza, Gazeta.pl, andEurozet Consulting will request the trade union operating within thesecompanies, as well as their works council or employee representatives,to participate in consultations regarding the collective redundancyprocess, and will provide the relevant Labor Office with information onthe intention to carry out group layoffs in Wyborcza, Gazeta.pl, andEurozet Consulting.The Management Board of Agora further informsthat the employment restructuring within the Agora Capital Group willalso cover Agora, which intends to terminate up to 20 employees in theareas of business and operational support, as well as Grupa RadiowaAgory sp. z o.o. ("GRA") and Eurozet sp. z o.o. ("Eurozet"), where therestructuring will affect a total of up to 10 employees in the areas ofoperational support, sales, business support, and editorial. In thesecompanies, the restructuring will not constitute group layoffs due tothe number of employees affected, which does not exceed the thresholdsspecified in the Act on Special Rules for Termination of Employment forReasons Not Attributable to Employees. Notwithstanding the above, Agora,GRA, and Eurozet plan to carry out terminations under conditionsanalogous to those agreed between Wyborcza, Gazeta.pl, and EurozetConsulting and the trade union operating in those companies, as well aswith works council and employee representatives, within the framework ofthe group layoff procedure.In total, the Agora Capital Groupwill terminate up to 166 employees as part of the employmentrestructuring, representing 6.56% of the Group's workforce.

Agora S.A. will publish a further regulatory filing on group layoffsafter the legally required consultations with the trade union and theworks council or employee representatives operating at Wyborcza,Gazeta.pl, and Eurozet Consulting have been finalized. This filing willinclude information on the estimated amount of the provision related toemployment restructuring, which will impact the Agora Group's results inthe fourth quarter of 2025. The final figures regarding the amount ofthe provision and the effect of the employment restructuring on theAgora Group's financial results will be disclosed in the consolidatedfinancial statements of the Agora S.A. Capital Group for the year endedDecember 31, 2025.

Legal basis: article 17, paragraph 1 of the Regulation of the EuropeanParliament and Council Regulation (EC) No. 596/2014 of April 16th, 2014on market abuse (Regulation on Market Abuse) and repealing Directive2003/6/EC of the European Parliament and of the Council and theCommission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC (Acts.Office. EC L 173, 06.12.2014).