Cognor Holding S.A.

Legal Proceedings Report • Sep 17, 2024

Report Content Acceptanceof the arrangement by the Creditors and submission of an application tothe court for approval of the arrangement in the proceedings forapproval of the arrangement of AFORTI HOLDING SPÓŁKA AKCYJNA

TheManagement Board of AFORTI Holding S.A. with its registered office inWarsaw (hereinafter referred to as the _quot;Company_quot;, _quot;Issuer_quot;) herebyannounces that in connection with the acceptance by the Company'screditors on September 14, 2024 of the arrangement in the arrangementapproval proceedings, the Issuer filed on September 14, 2024 - to theDistrict Court for the Capital City of Warsaw in Warsaw, 18th CommercialDivision for Bankruptcy and Restructuring Cases - an application forapproval of the arrangement.

Pursuantto art. 119 sec. 1 of the Act of 15 May 2015 - Restructuring Law(Journal of Laws of 2022, item 2309, hereinafter referred to as_quot;PrRest_quot;), a resolution of the meeting of creditors on the acceptance ofthe arrangement is adopted if the majority of voting creditors who casta valid vote and who have a total of at least two-thirds of the sum ofthe receivables owed to the voting creditors vote in favour of it.

710creditors took part in the vote. Valid votes were cast by 629 creditorswith a voting power of PLN 175,176,410.18.

523creditors with a voting power of PLN 117,171,180.26 voted in favour ofthe arrangement.

Itwas found that:

a)the arrangement was not accepted in group I - it obtained 0% of thevotes of the creditors voting in terms of quantity and 0% in terms ofcapital;

b)the arrangement was accepted in group II - it obtained 100% of the votesof the creditors voting in terms of quantity and 100% in terms ofcapital;

c)the arrangement was accepted in group III - it obtained 83% of the votesof the creditors voting in terms of quantity and 67% in terms of capital.

However,in accordance with Article 119 sec. 3 of the PrRest, the arrangement isaccepted even if it does not obtain the required majority in some of thegroups of creditors, if creditors having a total of two-thirds of thesum of receivables owed to the voting creditors voted in favour ofaccepting the arrangement, and creditors from the group or groups thatvoted against accepting the arrangement will be satisfied under thearrangement to an extent no less favourable than in the case ofconducting bankruptcy proceedings.

Tosum up, it should be noted that in the vote on the arrangement, 629creditors cast valid votes, with a voting power of PLN 175,176,410.18.523 creditors voted in favour of the arrangement, with a voting power ofPLN 117,171,180.26, which constitutes 67% of the total receivables dueto all voting creditors.

TheCompany will inform about the consideration of the application by theCourt in a separate announcement.