Opinion of the Supervisory Board of Orzeł Biały S.A. in the scope of the Management Board recommendation regarding to the distribution of the Company’s profit for 2020.

The Management Board of Orzeł Biały S.A. (‘The Company’) hereby announces that The Supervisory Board of Orzeł Biały S.A. on 14^th May 2021, pursuant to Resolution No. 935/XI/2021,

accepted the Management Board’s recommendation regarding to the distribution of profit for 2020 about which the Management Board informed in the current report no. 6/2021 and thus the Supervisory Board recommended to the Annual General Meeting  that the net profit for 2021 should be allocated for the Company’s supplementary capital.

Final decision on the distribution of the Company’s profit for fiscal year 2020, shall be taken by the Annual General Meeting,

Legal basis: Art. 17, Act 1 MAR