CPD S A : 10/2020 Appointment the Management Board for the next term

The Board CPD S.A. (hereinafter the Company) announces that the Supervisory Board adopted a resolution on the appointment of the members of the Management Board in connection with the fact that the date of holding of the Annual General Meeting approving the Company's financial Statements for 2019, the mandates of the members of the Management Board of the third joint term in office shall expire, and appoints the Management Board of fourth joint erm in office composed of:

1. Mr. Colin Kingsnorth,
2. Ms. Elżbieta Donata Wiczkowska,
3. Ms. Iwona Ewa Makarewicz,
4. Mr. John Purcell,

Moreover, the Supervisory Board appoints Colin Kingsnorth as the President of the Management Board.

Resolution shall enter into force as of the date of holding of the Annual General Meeting approving the Company's financial statements for the year 2019.

According to the declarations submitted, the appointed Members of the Management Board:

- do not conduct any operations competitive to the Company;

- do not participate in a competitive company, as a partner in a civil partnership, partnership or as a member of a competitive capital company or as a member of any competitive legal entity,

- are not recorded in the Register of Insolvent Debtors kept pursuant to the National Court Register Act.

Information about the education, qualifications and the professional career of members of the Management Board are set out in the appendix to this report.

CV of the Board CPD S.A.

Legal basis:

5. 5 and § 10 Regulation of the Minister of Finance of 29 March 2018 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-Member State.

Signatures of persons representing the Company:

Elżbieta Wiczkowska, Member of the Board, 24 April, 2020

Iwona Makarewicz, Member of the Board, 24 April, 2020