Korporacja Gosporadcza Effekt S.A.

Share Issue/Capital Change • May 26, 2022

Acquisitionof shares in the Issuer's subsidiaryManagementBoard of the Korporacja Gospodarcza _quot;Efekt_quot; S.A. (Company, Issuer)informs that today, i.e. May 26, 2022, the Issuer as a result of thetransaction of an agreement for the sale of shares in a company underthe name of _quot;LIDER HOTEL_quot; Limited Liability Company with its registeredoffice in Krakow KRS 0000244810 concluded with its subsidiary - _quot;EFEKT-HOTELE _quot;S.A. with its registered office in Kraków in a form withnotarized signatures, the Issuer acquired 377 (say: three hundred andseventy-seven) shares with a nominal value of PLN 20,000.00 (say: twentythousand PLN 00/100) each and with a total nominal value of PLN7,540,000.00 (in words: seven million five hundred and forty-ninethousand 0/100) zlotys, in the company _quot;LIDER HOTEL_quot; limited liabilitycompany with its registered office in Krakow at ul. Opolska 12, enteredinto the Register of Entrepreneurs under the number KRS 0000244810, thedocumentation of which is kept by the District Court forKraków-Śródmieście in Kraków, XI Commercial Division of the NationalCourt Register, ul. Przy Rondzie 7, 31-547 Kraków, share capital (fullycovered): PLN 26,800,000, NIP: 9452045402, REGon: 120134130, hereinafterreferred to as _quot;Shares_quot;, for a selling price of a total of 5,504,200.00(say: five million five hundred and four thousand two hundred zlotys),i.e. for the sale price of PLN 14,600 (say: fourteen thousand sixhundred zlotys) for one share.Beforethe transaction described above, the Issuer owned 963 (say: nine hundredand sixty-three) shares in the company _quot;LIDER-HOTEL_quot; limited liabilitycompany with its registered office in Krakow with a nominal value of atotal of 19,260,000.00 (say: nineteen million two hundred and sixtythousand 0 / PLN 100), which constituted approximately 71.87% of theshare capital of this company, and as a result of the purchase of theShares, the Issuer now holds 100% of shares in the share capital of thiscompany.Thesale price is payable no later than 180 days from the date of theabove-mentioned agreement, and the remaining provisions of the concludedshare sale agreement do not differ from the provisions of this type ofagreements commonly concluded on the market.Atthe same time, the Issuer informs that the conclusion of theabove-described agreement for the sale of shares in the company _quot;LIDERHOTEL_quot; limited liability company with its seat in Krakow KRS 0000244810took place in connection with the planned merger by taking over by theIssuer all assets of the company _quot;LIDER HOTEL_quot; limited liability companywith its registered office in Cracow.