Korporacja Gosporadcza Effekt S.A.

Share Issue/Capital Change • Feb 10, 2020

Determinationby the Management Board of the issue price of EE series ordinary bearershares.

Notfor release, publication or distribution directly or indirectly, in orinto the United States of America, Australia, Canada, Japan or in anyother jurisdiction where to do so would be restricted or prohibited bylaw.

LegalbasisArticle17, item 1 of Regulation (EU) No. 596/2014 of the European Parliamentand of the Council of 16 April 2014 on market abuse (market abuseregulation) and repealing Directive 2003/6/EC of the European Parliamentand of the Council and Commission Directives 2003/124/EC, 2003/125/ECand 2004/72/EC.Disclaimer:Thiscurrent report has been prepared pursuant to the requirements of art. 17clause 1 of Regulation (EU) No 596/2014 of the European Parliament andof the Council of 16 April 2014 on market abuse and repealing Directive2003/6 / EC of the European Parliament and of the Council and CommissionDirective 2003/124 / EC, 2003/125 / EC and 2004/72 / EC.

Thiscurrent report is for information purposes only and the purpose of itspublication by the Company is solely to provide information ondetermining the issue price of shares that will be offered by theCompany to existing shareholders. This current report does not in anyway, directly or indirectly, promote the subscription of new issueshares and is not promotional material prepared or published by theCompany for the purpose of promoting new issue shares or theirsubscription or encouraging, directly or indirectly, to subscribe forthem.Thismaterial, and any of its part, is not intended for distribution, whetherdirectly or indirectly, within the territory of or in the United Statesof America or other jurisdictions where such distribution, publicationor use may be subject to restrictions or may be prohibited by law. Thesecurities referred to in this material have not been andwillnot be registered under the U.S. Securities Act of 1933, as amended andmay only be offered or sold within the United States under an exemptionfrom, or in a transaction not subject to, the registration requirementsof the Securities Act.