Proguns Group S.A.. — M&A Activity 2026

Jan 16, 2026

Report Content The Management Board of Proguns Group S.A., with itsregistered office in Warsaw (the "Issuer"), hereby announces that on 16January 2026 the Issuer entered into a share subscription agreement withFabryka Amunicji Pocisk S.A., with its registered office in Warsaw (the"Company"), regarding the subscription of Series B shares of the Company.

Pursuant to the share subscription agreement, theIssuer subscribed for 313,000 Series B ordinary bearer shares of theCompany in exchange for a cash contribution in the total amount of PLN19,002,230.

The Issuer explains that the subscription of theCompany's Series B shares by the Issuer constitutes the implementationof the provisions of the investment agreement concluded between Forum119 Closed-End Investment Fund, Niewiadów Polska Grupa Militarna S.A.,Zakłady Sprzętu Precyzyjnego Niewiadów sp. z o.o., Fabryka AmunicjiPocisk S.A., and the Issuer, as disclosed by the Issuer in currentreport ESPI No. 3/2026 dated 16 January 2026.