2/2024 Summary of subscription of series K ordinary bearer shares

Legal basis: Art. 56 (1) (2) of the Act on Offering – current and periodic information

The Management Board of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. based in Chojnice _”Issuer”, “Company”_ provides information on the completed subscription of newly issued K series ordinary bearer shares of the Company _”Offered Shares”_ offered in a private subscription by the Company’s Management Board acting on the basis of the authorization granted under Resolution No. 20 of the Ordinary General Meeting of Shareholders of the Company dated June 21, 2021, on amending the Articles of Association of the Company concerning authorization of the Management Board to increase the Company’s share capital within the framework of authorized capital with the exclusion of the preemptive rights of existing shareholders, which the Company informed about in current report No. 52/2023 dated December 14, 2023:

1. Date of commencement and completion of subscription: The subscription began on December 14, 2023, and ended on January 17 2024 r.

2. Date of allotment of securities: The Offered Shares were allotted on January 17, 2024.

3. Number of securities subscribed: The total number of Offered Shares was 300,000 _word: three hundred thousand_.

4. Rate of reduction in individual tranches: Not applicable.

5. Number of securities subscribed for in the subscription: A total of 300,000 _word: three hundred thousand_ were subscribed for in the subscription.

6. Number of securities that were allocated in the conducted subscription: A total of 300,000 _word: three hundred thousand_ Offered Shares were allotted in the private subscription.

7. Price at which securities were subscribed: The issue price of the Offered Shares was set at PLN 3.30 _in words: three zlotys and thirty cents_ per Offered Share.

8. Number of persons who subscribed for securities subscribed for in particular tranches: One legal entity subscribed for the Offered Shares.

9. Number of persons to whom securities were allotted in the subscription carried out in individual tranches: Offered Shares were allocated to 1 legal entity.

10.Name/company of underwriters: The Company did not enter into underwriting agreements.

11.The value of the conducted subscription, understood as the product of the number of securities covered by the offer and the issue price: The value of the conducted subscription was equal to PLN 990,000 _ in words: nine hundred and ninety thousand zlotys_.

12.Amount of total costs that were included in the costs of issue: The costs that were included in the issue costs amounted to a total of PLN 4,548.16 _ in words: four thousand five hundred forty-eight zlotys and sixteen groszy_, including:

a_ preparation and conduct of the offering – PLN 4,548.16 _ in words: four thousand five hundred forty-eight zlotys and sixteen groszy_;

b_ underwriters’ fees – not applicable;

c_ preparation of the issue prospectus, including the costs of counseling – not applicable;

d_ promotion of the offering – not applicable;

e_ other costs – not applicable

The issuance costs incurred by the Company have been included in the Company’s operating expenses.

13.The average cost of conducting the subscription per unit of security subscribed: The average cost of conducting the subscription per Offered Share was PLN 0.015 _word: fifteen hundredths of a Grosz_.

14.Method of payment for the subscribed securities:

The Offered Shares were subscribed for in exchange for cash contributions.

Legal basis:

§16 (1) of the Regulation of the Minister of Finance dated March 29, 2018 on information current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state Member State _Journal of Laws of 2018, item 757_. 

SIGNATURES OF COMPANY REPRESENTATIVES