ESPI Report 3/2021: Recommendation of the Management Board of Sescom S.A. concerning the distribution of profit for financial year 2019/2020

The Management Board of Sescom S.A. (“the Company”, “the Issuer”) shall inform that the Issuer adopted on 15 February 2021 the resolution concerning recommendation of distribution of profit in the amount of 4.085.106,85 zloty for financial year 2019/2020.

Acting in accordance with Dividend Policy of Sescom, the Management Board recommended the General Meeting of Shareholders to pay dividend for the financial year 2019/2020 in the amount of 0,40 zloty per 1 share (819.674,00 zloty form the net profit).

The Management Board recommends the dividend payout due to good financial standing of the Company and increase in cash flow. Simultaneously, the Management Board ensures that proposed value of the payout will cause neither delay nor cancellation of planned investment projects.

The recommendation shall be assessed by the Supervisory Board of Sescom. The final decision concerning distribution of the net profit for financial year 2019/2020 shall be taken by the General Meeting of Shareholders of the Company.

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

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board