Cognor Holding S.A. — Capital/Financing Update 2021

Jun 26, 2021

With reference to the current report No. 43/2021, inwhich Cognor Holding S.A. with its seat in Poraj ("Issuer")informed that the Management Board of its subsidiary Cognor S.A. ("Company")adopted a resolution approving the undertaking of activities aimed atthe issue of secured bonds with a nominal value of PLN 1,000 (in words:one thousand zlotys) each and up to the total value of PLN 200,000,000(in words: two hundred million zlotys), the Issuer informs that on 25June 2021 the Management Board of the Company adopted a resolution onthe basis of which the Company decided to: (i) issue up to 200,000 (say:two hundred thousand) series 1/2021 secured bearer bonds with a nominalvalue of PLN 1,000 (in words: one thousand zlotys) each and with a totalnominal value of up to PLN 200,000,000 (in words: two hundred millionzlotys) ("Bonds"); (ii) determine that the base margin forthe Bonds shall be 340 basis points; and (iii) make an initialallocation of the Bonds to investors.

The conditional allocation of the Bonds to investorswill ultimately be made on the basis of a separate resolution of theManagement Board of the Company. The condition for the effectiveallocation of the Bonds to investors will be the settlement of the Bondspurchase transaction by the Central Securities Depository of Poland S.A.(Krajowy Depozyt Papierów Wartościowych S.A.). TheBonds will be introduced to the alternative trading system Catalystorganized by Warsaw Stock Exchange S.A. on the date of their issue.

The Issuer informs that the investors' demand for theBonds exceeded the amount of PLN 200,000,000 (in words: two hundredmillion zlotys).