Graphisoft Park Real Estate Development European : Modification of the listing and trading of the Company’s shares from forint to euro

Extraordinary information

Modification of the listing and trading of the Company's shares

from forint to euro

At the General Meeting of Graphisoft Park SE held on 29 November 2022 the Board of Directors of the Company requested the authorisation to initiate the necessary steps for the listing of the Company's shares in euro at the Budapest Stock Exchange and to take the necessary steps for the payment of the dividend in euro.

Compared to previous meetings, the current General Meeting was attended by a significantly larger number of "small shareholders", who hold less than 0.1% of the shares, sometimes only a few. Among them was the small shareholder who originally made the proposal to the General Meeting. Before the decision was taken, the participants also discussed in detail the cost implications of the proposed change, in particular for small shareholders who may not currently have a euro bank account. During the discussion, all but one of the small shareholders present supported the proposal, arguing that the expected benefits of the changeover outweigh the potential additional costs and therefore supported the proposal.

Following the discussion, the following Resolution No.5/2022.11.29., already published previously, was adopted with 6,614,993 shares voting "in favour" and 49 shares voting "against", and without abstention:

The General Meeting authorizes the Company's Board of Directors to initiate the necessary technical modifications with the Budapest Stock Exchange, which administers the listing and trading of the Company's publicly traded shares, and with the service provider administering dividend payments, in order to allow the trading of the Company's shares in euro, and payment of dividends approved by the General Meeting in euro..

On the basis of this authorisation, the Board of Directors of the Company adopted the following resolution by unanimous vote:

Based on the Resolution No. 5/2022.11.29. of the General Meeting, the Board of Directors of the Company decides to initiate the necessary technical modifications with the Budapest Stock Exchange, which administers the listing and trading of the Company's publicly traded shares on the public market, in order to enable the Company's shares to be traded in euro. The Board of Directors authorises the CEO of the Company to initiate the necessary procedure. The Board of Directors calls on the Company's management to further investigate the technical and administrative arrangements for the payment of dividends in euro.

On the basis of the decision, the Company will submit an application to the Budapest Stock Exchange to change the currency of the listing of the Company's shares from the current HUF to EUR. According to preliminary discussions, this is expected to take place at the beginning of 2023. The Company will announce the steps taken to pay the dividend in EUR at a later stage.

The Company reiterates its call, as emphasised in the proposal to the General Meeting, for shareholders to check with their financial institution managing their securities accounts on the technical and cost implications of the change for them, which may vary from one provider to another.

Budapest December 5, 2022

Graphisoft Park SE