The Management Board of MBF Group SA with its registered office inWarsaw (the 'Issuer', 'Company'), with reference to Current Report ESPINo. 43/2025 of 4 September 2025 on the conclusion of a strategicconsortium agreement for the development and implementation of UAVtechnology, C-UAS and unmanned transport ('Consortium'), announces thaton 15 September 2025, the implementation of the IRYDA Plus (IRYDA+)project, one of the three key projects of the Consortium, commenced.

At the same time, the Issuer's Management Board notes that IRYDA Plus isEurope's first unmanned fighter aircraft (C-UAS hard-kill system)designed to combat drones, swarms and loitering munitions. From theoutset, the solution has been positioned not only for the Polish market,but also for foreign markets, both European and non-European. TheIssuer, together with its consortium partners, is taking steps toestablish contacts and contracts with potential foreign customers.

According to the assessment of the Company and key partners of theConsortium, the Project responds to a key challenge of modern conflicts:the neutralisation of cheap and mass-produced drones while maintainingcost-effectiveness. With a missile cost exceeding USD 1 million (onemillion dollars), IRYDA+ will enable effective combat against airtargets using low-cost 7.62 mm calibre ammunition, supported by the TAS(Target-Aim-Shot) artificial intelligence system. The second advantageis operational versatility - the system is mobile, scalable andeffective against all classes of drones, including autonomous andswarms, which distinguishes it from most currently available soft-killsolutions and ground-based hard-kill systems.

During the preparatory work, the Issuer's Management Board, togetherwith Squadron Sp. z o.o. and the Eugeniusz Kwiatkowski Polish IndustrialLobby, jointly agreed that the target customers for the IRYDA+ systemwill include not only the armed forces, but also: security and borderprotection services, critical infrastructure operators (refineries,power plants, airports, logistics centres), and internationalorganisations (EU, UN, NATO, etc.) carrying out peacekeeping andstabilisation missions.

The issuer additionally informs that the development of the IRYDA Plusproject is divided into stages, each of which constitutes a measurablegoal and a potential reporting point:

a) Year 1: construction of a demonstrator and ground testing of thefiring system,

b) Year 2: integration of the gondola with the air platform, simulationtests and first flight tests,

c) Year 3: full flight tests and preparation for production,

d) Milestone: first combat-capable unit within 2-3 years.

At the same time, what is important from the point of view of theproject and the Issuer's potential revenues, IRYDA Plus is a modularsystem, which means that selected components can be sold andcommercialised even before the entire project is completed. Thisapplies, among other things, to firing pods, training simulators andTAS/AI software. Specialised variants (e.g. night, maritime,high-altitude) are also planned for the future, which increases theexport potential and allows the system to be tailored to individualcustomer needs.

The Company's Management Board announces that in recent weeks, initialinformation about the project has been provided to representatives ofthe Polish authorities, who have expressed preliminary interest in thesolution. At the same time, the Consortium is in talks with individualsand private entities who, alongside the Issuer, have expressed theirwillingness to participate financially in the project. At this stage,the level of interest indicates that there are real possibilities offully covering the financial needs of the project - from thedemonstrator phase to the serial production stage.

The IRYDA Plus project is an important element in the implementation ofMBF Group SA's strategy to enter the field of defence technologies anddual-use systems. In the opinion of the Issuer's Management Board, thisproject may have a significant impact on the Company's revenues andmarket value in the future. The Issuer will provide information on thesubsequent stages of the project's implementation and the conclusion offinancing agreements in separate current reports on the ESPI.