Answear.com S.A. — Capital/Financing Update 2022

Jun 29, 2022

The Management Board of Answear.com SA (hereinafter: _quot;the Company_quot;)informs that on June 28, 2022 the Company concluded the ReverseFactoring Agreement with PKO Faktoring SA with its registered office inWarsaw (hereinafter: _quot;Factor_quot;), on the basis of which the Factorundertakes to purchase - under the terms of the agreement - theCompany's suppliers receivables up to the amount of PLN 15 million (PLNfifteen million).

The limit was granted for a period of 24 months from the date of theconclusion of the Factoring Agreement, i.e. until June 27, 2024.

The Company may use the limit in the following currencies: PLN, EUR.

Agreement collateral are as follows:

1. Blank promissory note issued by the Company, with the Borrower'spromissory note declaration

2. Power of attorney to the bank account maintained by PKO Bank Polski SA

3. Repayment guarantee granted by Bank Gospodarstwa Krajowego(hereinafter: _quot;BGK_quot;) in the amount of 80% of the limit amount, ie in theamount of PLN 12 million for the period of 27 months, ie until September27, 2024.

4. The collateral for BGK is a blank promissory note issued by theCompany, bearing the Borrower's promissory note declaration.