Answear.com S.A. — Capital/Financing Update 2021

Nov 10, 2021

The Management Board of Answear.com SA (hereinafter: "the Company")informs that on 10th of November 2021 the Company concluded the reversefactoring agreement with PKO Faktoring SA with its seat in Warsaw(hereinafter: "the Agreement"), based of which PKO Faktoring willprovide the Company with services of purchasing on its own name and onits own account undisputed supplier's receivables of the Company withinthe financing limit in the amount of PLN 10.000.000,00 (in words: tenmillion PLN).

The agreement was concluded for a period of 24 months.

Factoring agreement is secured by:

a) power of attorney to the Company's bank account provided by PKO BankPolski SAb) blank bill of exchange accompanied with a bill ofexchange declarationc) BGK guarantee up to the amount of PLN8.000.000,00 for the period of 27 months, secured by a blank bill ofexchange accompanied with a bill of exchange declaration