ESPI Report 29/2021: Signing a letter of intent between Issuer’s subsidiary – SES Hydrogen S.A. and Polskie Domy Drewniane S.A.

The Management Board of Sescom S.A. (‘the Company’, ‘the Issuer’) informs about receiving today an information concerning signing a letter of intent between Issuer’s subsidiary – SES Hydrogen S.A. and Polskie Domy Drewniane S.A. (‘Parties’). In accordance with the signed letter of intent, Parties expressed their willingness to participate in investment coordinated by Polskie Domy Drewniane S.A. in Środa Śląska. The investment will involve the construction of residential area using the heating systems based on hydrogen boilers.

The details of cooperation between Parties will be determined under separate agreements.

The Management Board identifies the information about signing the letter of intent as an important due to possible significant impact on a development of Sescom Group in the field of commercialization of hydrogen technologies.

Legal Basis: Article 17(1) MAR – confidential information

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board