Adoption by the Management Board of the resolution on the increase of the share capital within the limits of the authorized capital and allocation of series D shares within Incentive schemes 2 and 3

Hour: 20:55

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

The Management Board of Grupa Pracuj S.A. with its seat in Warsaw (“Company”) informs that on May 23, 2022 adopted the resolution on the increase of the share capital within the limits of the authorized capital through the issue of 160,776 (one hundred and sixty thousand seven hundred and seventy six) ordinary bearer series D shares (“Series D Shares”). Based on the resolution the Management Board has decided to increase the share capital of the Company from the amount of PLN 340,521,250.00 (three hundred and forty million five hundred and twenty one thousand two hundred and fifty Polish zlotys) to the amount of PLN 341,325,130.00 (three hundred and forty one million three hundred and twenty five thousand one hundred and thirty Polish zlotys), i.e. by the amount of PLN 803,880.00 (eight hundred and three thousand eight hundred and eighty Polish zlotys).

All newly issued Series D Shares were offered in a private subscription by the Management Board to the employees and coworkers of the Company and its subsidiaries within the incentive schemes established based on the resolutions no. 4/2021 and 5/2021 of the Extraordinary Shareholders Meeting of October 29, 2021 on determining the principles of Incentive scheme no. 2 and 3 for the key persons employed in the capital group of the Company. Eligible employees and coworkers took up Series D Shares at the issue price equal to PLN 5 (five zlotys) per share. Series D Shares will be covered by lock-up undertaking until September 9, 2022.

The purpose of the schemes is to create a mechanism within the Company's capital group to motivate key employees and coworkers to actions ensuring a long-term increase in the Company's value and ensuring its proper development. Given these assumptions, in the interest of the Company and with the consent of the Supervisory Board, the Management Board decided to waive in whole the preemptive rights with respect to Series D Shares.

Once the increase of the share capital through the issue of Series D Shares is registered in the business register of the National Court Register, Series D Shares will be subject of an application for admission and introduction to trading on the regulated market operated by the Warsaw Stock Exchange.