Mabion S.A. — Capital/Financing Update 2020

Jun 30, 2020

Current Report No. 27/2020

Date of preparation: 2020-06-30

Abbreviated name of the issuer: MABION S.A.

Subject matter: Summary of the subscription of S series ordinary bearershares of the Company carried out under the Incentive Scheme for 2019

Legal basis: Art. 56(1)(2) of the Act on Public Offering - current andinterim information

Content of the report:

The Management Board of Mabion S.A. ("Company") pursuant to §16(1) ofthe Regulation of the Minister of Finance of 29 March 2018 on currentand interim information provided by issuers of securities (...) providesinformation below on the completed subscription of S series ordinarybearer shares carried out in connection with the exercise by eligiblepersons of the rights carried by B series subscription warrants grantedto such persons under the Incentive Scheme for 2019.

The Incentive Scheme was adopted by Resolution No. 24/VI/2018 of theOrdinary General Meeting of the Company of 28 June 2018 on theintroduction of the Incentive Scheme, and the issue of S series sharestook place in performance of Resolution No. 25/VI/2018 of the OrdinaryGeneral Meeting of the Company of 28 June 2018 on the issue, for thepurpose of implementing the Incentive Scheme, of A and B seriessubscription warrants with the exclusion of the pre-emptive right of theexisting shareholders to subscribe for R series shares and S seriesshares and the conditional increase of the share capital through theissue of R series shares and S series shares with the exclusion of thepre-emptive right of the existing shareholders and the related amendmentof the Company's Articles of Association.

Pursuant to the aforementioned Resolution No. 25/VI/2018 of the OrdinaryGeneral Meeting of the Company, the ordinary bearer shares of S serieswill be dematerialised and will be subject to application for admissionto trading on the regulated market, therefore the release of S seriesshares will be effected by recording the shares on the securitiesaccounts of the eligible persons.

1) Start and end date of the subscription:

The S series ordinary bearer shares were taken up by persons eligible toexercise their rights under B series subscription warrants granted tosuch persons for 2019 under the Incentive Scheme adopted by the Company.The B series subscription warrants were taken up by all eligible personson 23 June 2020. The deadline for exercising the rights under B seriessubscription warrants expired on 31 July 2022, with all eligible personssubmitting declarations of subscription for S series shares on 23 June2020.

2) Date of allocation of the securities:

The S series ordinary bearer shares were issued as part of theconditional share capital increase, therefore no allocation of sharestook place. The shares were taken up by eligible persons on 23 June2020. Due to the fact that the S series shares will be dematerialized,the shares will be released by recording them in the securities accountsof the entitled persons.

3) Number of securities subscribed for:

500 S series ordinary bearer shares.

4) Rate of reduction in individual tranches:

Not applicable.

5) Number of securities subscribed for:

The eligible persons submitted declarations of subscription for S seriesordinary bearer shares in a total number of 500 shares.

6) Number of securities allocated under the subscription:

The S series ordinary bearer shares were issued as part of a conditionalshare capital increase, therefore no allocation of shares took place.The eligible persons took up a total of 500 S series ordinary bearershares.

7) Price at which the securities were taken up:

The S series ordinary bearer shares were taken up at PLN 0.10 each.

8) Number of persons who subscribed for the securities subscribed for inparticular tranches:

Declarations on subscription for S series ordinary bearer shares as partof the Incentive Scheme for 2019 were submitted by 6 persons.

9) Number of persons to whom securities were allocated in thesubscription in individual tranches:

The S series ordinary bearer shares were issued as part of a conditionalshare capital increase, therefore no allocation of shares took place.The S series ordinary bearer shares were taken up by 6 persons.

10) Name (business name) of underwriters:

The Company did not enter into any underwriting agreements.

11) Value of the subscription, understood as the product of the numberof securities offered and the issue price:

PLN 50

12) Amount of total costs that have been included in the issue costs:

The Company did not incur any costs that would have been included in thecosts of the issue, including the costs of preparing and conducting theoffer, remuneration of underwriters, drawing up the prospectus, orpromoting the offer.

13) Average cost of conducting the subscription per unit of subscribedsecurities:

Not applicable.

14) Method of paying for the securities subscribed for:

The S series ordinary bearer shares were taken up for cash contributions.