Current report 11/2019

Resolution of the Management Board of INPRO S.A. on the payment of a dividend

Following current report No. 9/2019, the Management Board of INPRO S.A. (the "Company") informs that on 14 May 2019 it adopted resolution No. 4/2019 on the motion of the Management Board regarding the division of the Company's net profit for 2018.

In conformity with the above-mentioned resolution, the Management Board of INPRO S.A. moves that a part of the Company's net profit for 2018 in the amount of PLN 10,010,000.00 (in words: ten million and ten thousand zlotys) i.e. PLN 0.25 (twenty five groszes) per share be allocated towards the dividend to the Company's shareholders and the remaining part of the Company's net profit for 2018 in the amount of PLN 19,146,510.76 (in words: nineteen million one hundred and forty six thousand five hundred and ten and 76/100 zlotys) be allocated towards the increase of the Company's supplementary capital.

The Company's Management Board suggests that 16 August 2019 should be fixed as the dividend record date and 30 August 2019 as the dividend payment date.

The above-mentioned proposals regarding the dividend payment will be recommended to the Company's Ordinary General Assembly, which will make, in conformity with its powers, a final decision on that issue. The opinion on the recommendation put forward by the Management Board will also be issued by the Company's Supervisory Board in a relevant resolution.

Detailed legal grounds: Article 17 para. 1 of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR)