XTPL S.A.

Registration Form • Jul 10, 2020

Referring to ESPI Current Reports Nos. 17/2020 and 20/2020, theManagement Board of XTPL S.A. (the "Issuer") announces that today (10July 2020), the registry court registered amendments to and theconsolidated text of the Articles of Association of XTPL S.A inconnection with resolution No. 03/06/2020 of the Issuer's ExtraordinaryGeneral Meeting of Shareholders of 8 June 2020 (the "EGM").

1. Value and structure of the share capital:

The change based on the Issuer's resolution of 23 June 2020 inconjunction with EGM resolution no. 03/06/2020:

§ 5

1. The share capital amounts to PLN 202,922.20 (two hundred and twothousand nine hundred and twenty two zlotys and 20/100) and is dividedinto 2,029,222 (two million twenty nine thousand two hundred and twentytwo) bearer shares with a nominal value of PLN 0.10 (ten groszy) each,including:

1) 670,000 (six hundred and seventy thousand) series A shares with anominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 67,000.00 (sixty seven thousand zlotys and 00/100);

2) 300,000 (three hundred thousand) series B shares with a nominal valueof PLN 0.10 (ten groszy) each, and a total nominal value of PLN30,000.00 (thirty thousand zlotys and 00/100);

3) 30,000 (thirty thousand) series C shares with a nominal value of PLN0.10 (ten groszy) each, and a total nominal value of PLN 3,000.00 (threethousand zlotys and 00/100);

4) 198,570 (one hundred and ninety eight thousand five hundred andseventy) series D shares with a nominal value of PLN 0.10 (ten groszy)each, and a total nominal value of PLN 19,857.00 (nineteen thousandeight hundred and fifty seven zlotys and 00/100);

5) 19,210 (nineteen thousand two hundred and ten) series E shares with anominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 1,921.00 (one thousand nine hundred and twenty one zlotys and00/100);

6) 19,210 (nineteen thousand two hundred and ten) series F shares with anominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 1,921.00 (one thousand nine hundred and twenty one zlotys and00/100);

7) 68,720 (sixty eight thousand seven hundred and twenty) series Gshares with a nominal value of PLN 0.10 (ten groszy) each, and a totalnominal value of PLN 6,872,00 (six thousand eight hundred and seventytwo zlotys and 00/100);

8) 68,720 (sixty eight thousand seven hundred and twenty) series Hshares with a nominal value of PLN 0.10 (ten groszy) each, and a totalnominal value of PLN 6,872,00 (six thousand eight hundred and seventytwo zlotys and 00/100);

9) 10,310 (ten thousand three hundred and ten) series I shares with anominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 1,031.00 (one thousand and thirty one zlotys and 00/100);

10) 5,150 (five thousand one hundred fifty) series J shares, with anominal value of PLN 0.10 (ten grosz) each, and a total nominal value ofPLN 515.00 (five hundred and fifteen zlotys and 00/100);

11) 10,310 (ten thousand three hundred and ten) series K shares with anominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 1,031.00 (one thousand and thirty one zlotys and 00/100);

12) 140,020 (one hundred and forty thousand and twenty) series L shareswith a nominal value of PLN 0.10 (ten groszy) each, and a total nominalvalue of PLN 14,002.00 (fourteen thousand two zlotys and PLN 00/100);

13) 155,000 (one hundred and fifty five thousand) series M shares with anominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 15,500 (fifteen thousand five hundred and 00/100);

14) 47,000 (forty seven thousand) series N shares with a nominal valueof PLN 0.10 (ten groszy) each, and a total nominal value of PLN 4,700(four thousand seven hundred zlotys and 00/100);

15) 41,400 (forty one thousand four hundred) series O shares with anominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 4,140 (four thousand seven hundred and forty zlotys and 00/100);

16) 42,602 (forty two thousand six hundred and two) series P shares witha nominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 4260,20 (four thousand two hundred and sixty zlotys and 00/100).

17) 78,000 (seventy eight thousand) series S shares with a nominal valueof PLN 0.10 (ten groszy) each, and a total nominal value of PLN 7,800.00(seven thousand eight hundred zlotys and 00/100);

18) 125,000 (one hundred and twenty five thousand) series T shares witha nominal value of PLN 0.10 (ten groszy) each, and a total nominal valueof PLN 12,500 (twelve thousand five hundred zlotys);

2. Nominal value per share

The nominal value of one share is PLN 0.10 (ten groszy).

3. Total number of votes carried by all the issued shares

Each share in the Issuer's share capital carries 1 (one) vote at theGeneral Meeting. The Issuer's share capital is divided into 2,029,222(two million twenty nine thousand two hundred and twenty two) bearershares in total carrying up to 2,029,222 (two million twenty ninethousand two hundred and twenty two) votes at the General Meeting.

4. Authorized capital

The change in the share capital did not take place within the authorizedcapital.

5. The number of shares cancelled and the number of votes correspondingto the shares cancelled

The change in share capital did not involve cancellation of shares.

6. Other amendments to the Articles of Association

No amendments were made to the Articles of Association other than thosedescribed above.

7. Consolidated text

The registry court also registered the consolidated text of the Articlesof Association, adopted under the resolution of the Management Board ofXTPL S.A. of 23 June 2020 - the consolidated text of the Articles ofAssociation is attached as Appendix 2 to the report.

Appendices:

1. Content of the existing and new provisions of the Articles ofAssociation.

2. Consolidated text of the Articles of Association.

Detailed legal basis:

§ 5(1) of the Finance Minister's Ordinance of 29 March 2019 on currentand financial information (...).