ASM Group S.A. — M&A Activity 2025

Jan 16, 2025

Report Content Product supply agreement: uncoated technical urea class B

The Management Board of MBF Group SA with its registered office inWarsaw (_#8216;Issuer', _#8216;Company') announces that on 14 January 2025 it signedan agreement for the sale and supply of technical uncoated urea class B(_#8216;Goods') with a Czech capital company with its registered office inPrague, Czech Republic (_#8216;Contractor'). The subject of the contract areregular supplies of technical uncoated urea N46 in big-bag typepackaging. The total quantity of deliveries covered by the contract is240 MT (+/- 5%), of which the first test delivery includes 24 MT.

Under the terms of the contract, the test delivery will be made withinthree working days of payment being booked against a pro forma invoice.Subsequent deliveries will be made according to a schedule agreed by theparties within three working days of completion of the test delivery.The place of delivery of urea and the final recipient is the head officeof the company producing the AdBlue liquid in Germany.

The Issuer undertakes to deliver Goods meeting European Union standardsand free from restrictions arising from international sanctions. Thedelivered product will be subject to detailed quality control to ensureits compliance with the highest standards and to meet the expectationsof the counterparty and end customers.

The value of the test shipment, comprising 24 MT, is approximately PLN41,364 (forty-one thousand three hundred and sixty-four zlotys). Thetotal value of the contract is approximately PLN 827 280 (eight hundredand twenty-seven thousand two hundred and eighty zlotys). Theaforementioned agreement is altogether the sixth contract for the supplyof technical urea, class B, which the Company is beginning to execute.

The signing of the above agreement strengthens the Issuer's position asa reliable business partner in the international chemical market andcontributes to an increase in revenue and brand recognition of MBF GroupSA. The Issuer considered it necessary to publish information on thesigned agreement due to its potential impact on the future financial,property and economic situation of the Company.