Rafako S A : CR 59/2020 Preparation by RAFAKO S.A. w restrukturyzacji (in restructuring) of Restructuring Plan 10 november 2020

CURRENT REPORT FILED WITH THE

POLISH FINANCIAL SUPERVISION AUTHORITY

DATE: November 10th 2020

Subject:Preparation by RAFAKO S.A. w restrukturyzacji (in restructuring) of Restructuring Plan [Current Report No. 59/2020]

Contents:

Further to Current Report No. 44/2020 of September 2nd 2020 announcing that a procedure to approve the arrangement had been opened and an application had been submitted to Monitor Sądowy i Gospodarczy in order to announce the opening of the procedure to approve the arrangement made under the Restructuring Law of May 15th 2015 (the "Restructuring Law"), as amended by the Act of June 19th 2020 on subsidies for interest payments on bank loans granted to entrepreneurs affected by the COVID-19 situation and on simplified procedure to approve arrangements due to COVID-19, the Management Board of RAFAKO S.A w restrukturyzacji (in restructuring) (the "Company") hereby announces that in the course of the simplified restructuring procedure a Restructuring Plan has been prepared.

The Company publishes, attached hereto, the key elements of the adopted Restructuring Plan, including in particular elements of the Company's business strategy and three financial scenarios for 2021-2026.

Legal basis:

Art. 17.1 of the Market Abuse Regulation - inside information.

Mariusz Zawisza, President of the Management Board

Ewa Porzucek, Vice President of the Management Board