Current Report No. 7/2023Date: 24 May 2023Topic:Approval by the GPW Supervisory Board of the GPW Group developmentstrategy 2023-2027 including new dividend policy, and disclosure ofdelayed inside informationLegal basis: Article 17(1) MAR -inside informationContent:The Management Board of the WarsawStock Exchange ("GPW", "Company", "Exchange") announces that on 24 May2023, the GPW Supervisory Board has approved the development strategy ofthe GPW Group for 2023-2027 ("Strategy").The GPWGroup plans to achieve average annual revenues of PLN 498 million andaverage annual EBITDA of PLN 215 million in 2023-2027. Revenue in 2027will increase by PLN 157 million vs. 2023, of which PLN 101 million isattributable to new strategic initiatives. EBITDA margin will increaseto 50% in the Strategy time horizon.According to the Strategy,approximately 35% of the GPW Group's average annual revenues in2023-2027 will be recurring revenues independent of the turnover infinancial instruments, including among others information services andregular fees paid by issuers. This will improve the company's financialsecurity and the predictability of its results.The 2023-2027Strategy focuses on three pillars of growth of the GPW Group:-trading- data and technology- new business modelsTheStrategy provides for the implementation of a range of optimisationinitiatives focused on improving operational efficiency. Between 2023and 2027, the GPW Group will continue to transform its operating modelto gradually improve cost efficiency.Within the timeframe of theStrategy 2023-2027, it is the intention of the GPW Management Board torecommend to the General Meeting dividend payments in line with theprofitability and financial capacity of GPW, in the range of 60-80% ofthe consolidated net profit of the GPW Group for each financial year.According to the Strategy, the GPW Group will keep up its acquisitionpotential. In the absence of acquisitions, the Management Board mayrecommend to the General Meeting a dividend payout higher than 60-80%.TheCompany makes the reservation that the objectives and targets of theStrategy are not a forecast or estimate of performance, includingfinancial performance, and refer only to the intended course of actionfor the period 2023-2027.A detailed description of the strategicinitiatives for 2023-2027 will be provided in a presentation to bedelivered by the Company at an investor conference on 25 May 2023. Thepresentation will be available on the websitehttps://www.gpw.pl/investor-relations.The Management Board ofthe Company announces that, acting pursuant to Article 17(1) and (4) ofRegulation (EU) No 596/2014 of the European Parliament and of theCouncil on market abuse and repealing Directive 203/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC, it decided on 18 May 2023 to delay thepublic disclosure of inside information concerning the approval by theGPW Management Board of the GPW Group's development strategy for2023-2027 together with the new dividend policy.Legal basis:Article 17(1) and (4) of Regulation (EU) No 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 203/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC (OJ L 173) ("MAR").