55/2019 – Determination by the Management Board of the number of shares offered and conclusion of an annex to the placement agreement

With reference to the current report no. 48/2019, the Management Board of Trakcja PRKiI S.A. (“Company”) containing information on the resolutions adopted by the Extraordinary General Meeting of the Company of 27 September 2019, including Resolution No. 5 on increasing the Company’s share capital through the issue of series B ordinary bearer shares and series C ordinary registered shares through private subscription, excluding in full the pre-emptive rights of the existing shareholders, dematerialization and applying for admission and introduction to trading on the regulated market operated by Giełda Papierów Wartościowych w Warszawie S.A. of the rights to series B shares, series B shares, series C shares and amendments to the Articles of Association (“Resolution on the Share Capital Increase”), to the current report of the Company No. 54/2019 of October 4, 2019 regarding the subscription and offering of series B ordinary bearer shares and series C ordinary registered shares and conclusion by the Company of an agreement on the placement of series B shares and series C shares, the Management Board hereby announces that as part of activities aimed at implementing the provisions contained in the Resolution on the Share Capital Increase, and taking into account the results of the completed process of building the book of demand for ordinary series B bearer shares (“Series B Shares”) and ordinary series C registered shares (“Series C Shares”, including the Series B Shares as “Offered Shares”), with the consent of the Company’s Supervisory Board, the total number of Series C Shares at 24 771 519 (in words: twenty four million seven hundred seventy one thousand five hundred and nineteen) shares. Pursuant to the Resolution on the Increase of the Share Capital, the total number of Series B Shares is 10,279,909 (in words: ten million two hundred seventy nine thousand nine hundred nine) shares. The total number of Offered Shares is 35 051 428 (in words: thirty five million fifty one thousand four hundred twenty eight) shares.

In addition, the Company’s Management Board, with the approval of the Company’s Supervisory Board, concluded an annex to the agreement on the placement of Offered Shares of October 4, 2019, of which the Company informed in current report No. 54/2019 of October 4, 2019. The annex specifies the number of Offered Shares , in accordance with the content of this current report, as well as the initial list of allocation of Offered Shares.

Legal basis: Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC. Disclaimer: This current report has been made in accordance with the requirements of Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC. This current report is for information purposes only and the purpose of its publication by the Company is solely to provide information on determining the final number of Series B Shares and Series C Shares and the conclusion by the Company of an annex to the placement agreement. This current report is not intended in any way, directly or indirectly, to promote the subscription of new shares and is not a promotional material prepared or published by the Company for the purpose of promoting or encouraging, directly or indirectly, the subscription of new shares or new issue shares. This material, or any portion thereof, is not for distribution, directly or indirectly, in or into the territory of the United States of America or other countries in which the public dissemination of information for the benefit of the public is prohibited.