Korporacja Gosporadcza Effekt S.A.

Share Issue/Capital Change • Jul 20, 2020

Information on the change of rights attached to the Issuer's securities

The Management Board of Korporacja Gospodarcza"effect" S.A. with its registered office in Kraków (hereinafter referredto as the "Company" or "Issuer") informs that resolutions of theIssuer's Management Board have been adopted on the conversion of 72,775(seventy two thousand seven hundred seventy five) series AA registeredshares with voting rights to bearer shares and 1,680 (one thousand sixhundred and eighty) series DD ordinary registered shares into ordinarybearer shares, in connection with the receipt of requests from theIssuer's shareholders in this matter.Actingpursuant to Art. 334 § 2 of the Commercial Companies Code and § 3 sec. 4of the Company's Articles of Association, the Issuer's Management Boarddecided to convert 72,775 series AA registered shares into bearer sharesand 1,680 (one thousand six hundred and eighty) series DD ordinaryregistered shares into ordinary bearer shares. Pursuant to § 3 sec. 4 ofthe Company's Articles of Association, the conversion of AA seriesregistered shares results in the loss of preference for these shares.Priorto the conversion, the AA series shares were privileged in such a waythat one share gave the right to five votes at the General Meeting ofShareholders of the Company.The totalnumber of votes from all shares issued by the Company after theconversion is 5,296,850, instead of the current 5,587,950 votes. Theshare capital has not changed and amounts to PLN 4,995,450.Legalbasis for submitting the report:§ 5section 2 of the Regulation of the Minister of Finance of March 29, 2018on current and periodic information published by issuers of securitiesand conditions for recognizing as equivalent information required by thelaw of a non-member state (Journal of Laws of 2018, item 757) ).