In reference to the contents of the current report No. 49/2021 informing about the establishment of the Bonds Issuance Programme [Programme], entitling to the issuance of not more than 1,500,000 bearer's bonds under one or several series, starting from the letter H, with a nominal value equal to PLN 100 each, and a total nominal value not higher than PLN 150,000,000, the Management Board of UNIBEP SA [Issuer, Company] informs that on 28 September 2023, a resolution was adopted regarding the amendment of the Programme, according to which:

i) the total nominal value of bonds that may be issued under the Programme is increased by the amount of PLN 40,057,000;

ii) the Company will issue not more than 1,900,570 bearer’s bonds, in one or more series, starting from series H, with a nominal value of PLN 100 each.

In all other respects, the Programme has not changed

The Company informs that on 28 September 2023, the Supervisory Board, through a resolution, granted consent to conduct the Bonds Issuance Programme under the modified conditions mentioned above.

At the same time, on 28 September 2023, the Management Board of the Company passed a resolution on issuing, within the framework of the Programme, of unsecured bonds series I, with a nominal value and issuance price PLN 100 each and a total nominal value up to PLN 100,000,000. the resolution stipulates the possibility of increasing the total nominal value of the offered bonds to PLN 140,000,000 before the registration with KDPW [Bonds].

The Issuer indicates that the actions related to increasing the value of the Bond Issuance Programme and allowing the possibility of increasing the issuance of Series I bonds are prompted by signals of interest in the bonds from investors.

The proceeds from the bond issuance will be utilised for the redemption or acquisition, for the purpose of bond retirement, of Series G and/or Series H bonds, as well as to finance ongoing and planned investment projects (understood as the implementation of development investments or construction contracts) within the business activities conducted by the Issuer or its subsidiary entities.

The Company will provide information on the subsequent stages related to the bond issuance through the appropriate reporting procedures.