The Management Board of Creepy Jar S.A., based in Warsaw, Poland (hereinafter referred to as the “Company”) informs that today, during its meeting, the Company's Supervisory Board reviewed the implementation of the Company’s established Detailed Objectives with respect to the Company's employees and associates and members of the Company’s Management Board (hereinafter referred to collectively as: “Participants”), in
accordance with § 5(2) of the Rules and Regulations of the Creepy Jar S.A. Incentive Program ("Incentive Program") approved by Resolution No. 17 of the Annual General Meeting of July 23, 2020 (ESPI Report No. 30/2020), subsequently amended by Resolution No. 27 of the Annual General Meeting of June 7, 2022 (ESPI Report No. 15/2022).

Under the terms of the Incentive Program at its meeting on April 19, 2023 the Supervisory Board drew up a list of eligible Participants to take up shares in the new issue and adopted a resolution to allocate a certain number of shares to individual Participants. The total number of shares granted under the Incentive Program amounted to 19,928 (nineteen thousand nine hundred and twenty-eight) shares in the form of two tranches as follows:

– 4,928 (four thousand nine hundred and twenty-eight) shares were allotted under Tranche I intended exclusively for employees and associates of the Company, excluding Members of the Management Board (holding office from 01/01/2020 to 31/12/2022), at an issue price of PLN 1.00 (one zloty) per share;

– 15,000 (fifteen thousand) shares were allocated within Tranche II exclusively to members of the Company’s Management Board (serving from 01/01/2020 to 31/12/2022), at an issue price of PLN 186.20 (one hundred and eighty-six zlotys 20/100) per share.

In view of the above, the Company’s Management Board will proceed with actions to increase the share capital through the issuance of up to 19,928 new ordinary shares with a par value of PLN 1.00 per share, which will be offered to individual Participants in amounts determined by the Supervisory Board. The Company will report on the next major milestones of the Incentive Program for 2020-2022 in separate current communications.