Current Report No. 22/2024

The Management Board of INPRO S.A. (the “Company”) informs that on 20/09/2024 it received a notice of entry made on 04/09/2024 by the Gdańsk-North District Court in Gdańsk, 2rd Land and Mortgage Division, in division IV of land and mortgage register No. GD1G/00047800/8, of a contractual real estate mortgage on the assets of INPRO S.A. The mortgage constitutes legal security for the credit granted to the Company by mBank S.A. with its registered office in Warsaw (“mBank”, the “Bank") on the basis of working capital credit agreement No. 10/001/24/Z/OB of 09/02/2024 up to PLN 37,200,000.

The Company advised of the conclusion of the credit agreement in current report No. 3/2024 of 09/02/2024.

The mortgage entry was made in division IV of land and mortgage register No. GD1G/00047800/2 and concerns the following:

the established contractual real estate mortgage up to PLN 55,800,000 in favour of mBank securing the principal with interest and other costs under credit agreement No. 10/001/24/Z/OB of 09/02/2024, encumbering the ownership right of INPRO S.A. to real estate covered by the Optima stage VII project located in Gdańsk, Jasińskiego Street, for which real estate the District Court Gdańsk-North in Gdańsk keeps land and mortgage register No. GD1G/00047800/2. 

The value of the asset (land) on which the above security was established is, in the books of accounts of INPRO S.A., PLN 6,273,975.94.

There are no connections between the Company, its managers and supervisors and the Bank and its managers.

Detailed legal grounds: Article 17(1) of 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).