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

Jun 3, 2025

Report Content In reference to the content of current report ESPI No. 10/2025 datedMarch 21, 2025, the Management Board of Proguns Group S.A. with itsregistered office in Warsaw (the Issuer) informs that it has decided toterminate negotiations aimed at agreeing on the terms of acquiring 100%of the share capital of BWHunt sp. z o.o., based in Kluczbork. TheIssuer informs that the parties did not reach an agreement on the termsof the acquisition of shares in BWHunt sp. z o.o., and the Issuer hasabandoned its intention to acquire shares in this company.

At the same time, the Issuer indicates that, provided satisfactoryacquisition terms are established, it allows for the future acquisitionof shares in entities engaged in the trade of firearms, ammunition, andaccessories. In the Issuer's opinion, such an acquisition aligns withits strategy, which was communicated in current report ESPI No. 18/2024dated October 22, 2024, involving the construction of a nationwidenetwork of retail stores selling firearms and military accessories.