Information on an impact of the of free of charge transfer of part of Company’s shares held by certain shareholders on the standalone and consolidated financial statement of the Company and the Capital Group of the Company for 2022

Dated 2023-03-21, 8:24 pm

With reference to current report no. 1/2023 dated January 5, 2023, the Management Board of Grupa Pracuj S.A. (the “Company”) informs that based on the analyses performed, with the support of the audit firm and external advisor, on March 21, 2023 made a decision regarding the accounting recognition of the free of charge transfer of Company’s shares by some of its shareholders to members of the senior management of the Company and companies from its Capital Group (the “Donations”) in the standalone financial statement of the Company for year ended on December 31, 2022 (“Standalone FS for 2022”) and consolidated financial statement of the Capital Group of the Company for year ended on December 31, 2022 (“Consolidated FS for 2022”, and jointly with Standalone FS for 2022 “Financial Statements for 2022”).

The Management Board concluded that the Donations fulfill the conditions for the recognition of the scheme in accordance with International Financial Reporting Standard 2 „Share-based payment” (“IFRS 2”). The grant date was determined to be January 5, 2023. In accordance with IFRS 2, the fair value of the Donations will be recognized as employee benefits in the Standalone FS for 2022 in the amount of PLN 11,633,473.30 and in the Consolidated FS for 2022 in the amount of PLN 13,960,192.50. Respectively, the equity in the Financial Statements for 2022 shall increase by PLN 13,960,192.50, and furthermore in the Standalone FS for 2022 the value of investments in subsidiaries shall increase by PLN 2,326,719.20.

The values presented above are of an estimated nature and in connection with the audit of the Financial Statements for 2022 conducted by the audit firm, may be subject to change. The final value of the employee benefits, equity and investments in subsidiaries will be presented in the Financial Statements for 2022, which are planned to be published on April 4, 2023.

Legal basis: Article 17 sec. 1 of MAR - confidential information