Establishment of a public bonds issue programme

Polish Financial Supervision Authority

Current Report No. 1/2021

Prepared on: 13/01/2021; 21:29

Subject:

Establishment of a public bonds issue programme

Legal basis:

Article 17(1) MAR - inside information

Report contents:

The Management Board of BEST S.A., with its registered office in Gdynia (Issuer, Company), announces that on 13 January 2021 it adopted resolution no. 3/2021 on the establishment of a public bonds issue programme by the Company (Programme). The Programme consists in issuing one or multiple series of bonds with a total nominal value of up to PLN 200,000,000 (two hundred million zlotys).

The bonds will not have the form of a document and will be recorded in the registration system for dematerialised securities, which is maintained by Krajowy Depozyt Papierów Wartościowych S.A. (National Depository for Securities), and will be offered to the public. The Issuer plans to introduce the bonds to trading on a regulated market operated by Giełda Papierów Wartościowych w Warszawie S.A. (Warsaw Stock Exchange).

In connection with the Programme, the Issuer will prepare a base prospectus (Prospectus) and submit it promptly to the Polish Financial Supervision Authority along with an approval application. The individual series of bonds under the Programme will be issued during the term of validity the Prospectus, i.e. within 12 months from the approval date of the Prospectus by the Polish Financial Supervision Authority (KNF). The detailed parameters of every series of bonds issued under the Programme will be determined in separate resolutions of the Company's Management Board.

BEST S.A.

(full name of the issuer)

SIGNATURES OF THE PERSONS REPRESENTING THE COMPANY:

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