Novavis Group S.A. — M&A Activity 2025

Mar 24, 2025

With reference to the ESPI report No. 9/2025 dated March 17, 2025, theManagement Board of Proguns Group S.A., based in Warsaw (the Issuer),informs that today the Issuer has entered into an agreement with PolskaGrupa Militarna S.A., based in Warsaw (PGM), regarding the gratuitousacquisition by PGM of:

1,340,000 series A subscription warrants, entitling the holder toacquire 1,340,000 bearer shares of the Issuer of series W1 in exchangefor an issue price of PLN 1.50 per share,

2,000,000 series B subscription warrants, entitling the holder toacquire 2,000,000 bearer shares of the Issuer of series W2 in exchangefor an issue price of PLN 2.00 per share,

which amounts to a total of 3,340,000 subscription warrants, entitlingthe holder to acquire a total of 3,340,000 bearer shares of the Issuerin exchange for a total issue price of PLN 6,010,000.