CR 14/2025 Receipt of the arrangement proposal from the Polish Financial Supervision Authority (KNF) and decision on its adoption taken by the Management Board of LPP SA

Current report no.: 14/2025
Date: 7 July 2025
Time: 7:39 PM

With reference to the information provided in current reports No. 06/2025 of 18 April 2025 and No. 07/2025 of 5 May 2025 , the Management Board of LPP SA with its registered office in Gdańsk (the “Issuer”) hereby announces that today it has received a decision of the Polish Financial Supervision Authority (“KNF”) from the Issuer’s representative, containing a draft arrangement on the terms of extraordinary mitigation of sanctions in the proceedings conducted by the KNF concerning the Issuer’s alleged failure to comply with the obligation referred to in Article 17(1) in conjunction with Article 7 of the MAR, which involved the failure to immediately disclose to the public on 10 May 2022, confidential information regarding the key terms and structure of the sale by the Company of 100% of the shares in Re Trading OOO (“Proceedings”, “Draft Arrangement”).

In the Draft Arrangement, the KNF presented a proposal to impose a monetary fine on the Issuer in the amount of PLN 1.8 million.

Today, the Issuer’s Management Board has taken the decision on adoption of the Draft Arrangement.

The next stage of the proceedings should be the issuance by the KNF of an administrative decision containing the terms of the arrangement.