Current report No. 03/2021

[English version below Polish]

Art. 17 section 1 MAR – inform them confidentially.

The Management Board of RESBUD SE based in Tallinn informs that on February 4, 2021, the Company acquired shares in the following companies: Uniwersim Sp. z o. o. – 100% of shares, Conpol Sp. z o. o. – 61,36% of shares and Energokompliekt OOO – 83,7% share in the share capital. The purchase of shares in these companies is part of the share issue process adopted on September 7, 2020. The Issuer reminds that as a result of subscriptions for shares, a total of 218.520.263 new issue shares were allocated. The new shares were covered by non-cash contributions in the form of shares of the companies indicated above. The Issuer reminds that the issue price of one share of the new issue is EUR 0,1467. The total value of the new shares is EUR 32.056.923.

The purchase of shares on February 04, 2021 results in the obligation to prepare consolidated financial statements by the issuer, starting from 2021, with the following companies: Uniwersim Sp. z o. o. – 100% of shares, Conpol Sp. z o. o. – 100% of shares and Energokomliekt OOO – 100% of shares (87,8% directly and 12,2% indirectly).
The final stage related to the issue of shares will be submitting an application to the Estonian Commercial Register for registration of the share capital increase. The issuer will provide information on the increase immediately after receiving the decision from the commercial register. The agreements concluded on February 4, 2021 confirm the preliminary assessments of the management board regarding the composition of the shareholders after the increase in the share capital. After registration of the new issue shares, none of the shareholders will exceed the threshold of 50% of votes at the general meeting. Moreover, Alexey will remain the Company's largest shareholders
Petrov and Iwona Długosz (through DKW Polska OÜ).

This report is an update of the information provided in reports no. 29/2020, 31/2020 and 32/2020.

[English version]
legal basis – art. MAR 17

The Management Board of RESBUD SE seated in Tallinn informs that on 4 February 2021 the company acquired shares in: Uniwersim Sp. z o. o. – 100%, Conpol Sp. z o. o. – 61.36% and Energokomliekt OOO – 83.7% in share capital. The acquisition of shares in these companies is a part of the share issue process, adopted on 7 September 2020. The issuer reminds, that a total of 218,520,263 shares of new emission have been allocated in result of a subscription. The new shares were covered by in-kind contributions in the form of shares of the companies mentioned above. The issuer recalls that the issue price of one new issued share is EUR 0.1467. The total value of the new issued shares is EUR 32,056,923.

The shares acquired on February 4, 2021 obligate issuer to prepare consolidated financial statements from 2021 year with the following companies: Uniwersim Sp. z o. o. – 100% share, Conpol Sp. z o. o. -100% share and Energokomliekt OOO – 100% share (87.8% directly and 12.2% indirectly).
The agreements concluded on February 4, 2021 confirm the preliminary assessments of the Management Board regarding the composition of the shareholders structure after increase share capital. After the registration of new issued shares, none of the shareholders shall exceed the threshold of 50% votes at the general meeting. In addition, Alexey Petrov and Iwona Długosz (through DKW Polska OÜ) will remain the largest shareholders of the Company. The last stage related to the issue of shares will be the submission of an application to t.he Estonian commercial register for registration of an increase in the share capital. The issuer shall provide information on the increase as soon as it receives the decision from the commercial register

This report updates the information provided in reports 29/2020, 31/2020 and 32/2020.