Current Report No. 4/2025

The Management Board of INPRO S.A. (the “Company”) informs that on 26/02/2025 they received the notification of an entry made on 19/02/2025 by the District Court in Wejherowo, 4^th Land and Mortgage Register Division, in division IV of land and mortgage register No. GD1W/00010003/1, of contractual mortgages on the assets of INPRO S.A. constituting legal security for the repayment of the credit granted to the Company the consortium of banks: SGB Bank SA with its registered office in Poznań, Bank Spółdzielczy in Starogard Gdański and Bank Spółdzielczy in Połczyn Zdrój (jointly further referred to as the “Bank”) under working capital credit agreement No. 213/UK09/KS/506775/24 of 04/09/2024 up to PLN 38,100,000.00.

The credit agreement concerns the financing of the construction of the Rumia Centralna property development project, stage I, in Rumia.

The mortgage entry was made in division IV of land and mortgage register No. GD1W/00010003/1 and concerns the following:

contractual real estate mortgages established on the basis of the equal priority principle:

1. PLN 48,000,000 in favour of SGB Bank SA
2. PLN 7,500,000 in favour of Bank Spółdzielczy in Starogard Gdański,
3. PLN 1,650,000 in favour of Bank Spółdzielczy in Połczyn Zdrój

securing the principal with interest and other costs under credit agreement No. 213/UK09/KS/506775/24 of 04/09/2024, encumbering the title of INPRO S.A. to real estate covered by the Rumia Centralna project, stage I, located in Rumia, Sobieskiego Street, for which real estate the District Court in Wejherowo maintains land and mortgage register No. GD1W/00010003/1. 

The value of the asset (land) on which the above security was established is, in the books of accounts of INPRO S.A., PLN 16,700,754.

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).