Subject:

Distribution of profit for the financial year covering the period from 01.01.2018 to 31.12.2018 and adoption by the Annual General Meeting of subsidiary Vercom S.A. of a resolution to allocate 100% of net profit to a dividend

Content:

The Management Board of R22 S.A. with its registered office in Poznań (the “Company”) hereby announces that on 26.04.2019 the Annual General Meeting of subsidiary Vercom S.A. was held.

The Annual General Meeting adopted, among other things, resolutions approving the financial statements and Management Board report for the financial year covering the period from 01.01.2018 to 31.12.2018, and a resolution on the distribution of net profit for the 2018 financial year and allocation of 100% of Vercom S.A.’s net profit in the amount of PLN 7 434 843, 89 to a dividend for Vercom S.A. shareholders. Furthermore, the Annual General Meeting adopted a resolution on the payment and amount of a dividend totalling PLN 8 000 000,00, i.e. 100% of net profit for the 2018 financial year increased by PLN 565 156,11 from Vercom S.A.’s supplementary and reserve capital, originating from profits for previous financial years transferred to supplementary and reserve capital, including PLN 99 866,03 from Vercom S.A.’s supplementary capital and PLN 465 290,08 from Vercom S.A.’s reserve capital.

The Annual General Meeting of Vercom S.A. set the dividend payment deadline as 30.05.2019.

The Company currently holds 252.685 shares in Vercom S.A., representing 71,06% of its share capital, and 252.685 votes at the General Meeting of Vercom S.A., representing 71,06% of the total number of votes.

As a result of the resolutions adopted by the Annual General Meeting of Vercom S.A., the Company will receive a dividend of PLN 5 993 600,00.