NOTICE OF CANCELLATION OF THE EXTRAORDINARY GENERALMEETING OF SHAREHOLDERS CORPORATION ECONOMIC "EFEKT" S.A.TheManagement Board of the company under the name of Korporacja Gospodarcza"EFEKT" S.A. with its registered office in Kraków, entered into theRegister of Entrepreneurs of the National Court Register kept by theDistrict Court for Kraków-Śródmieście in Kraków, 11th CommercialDivision of the National Court Register under KRS number: 0000115403("Company"), in connection with the current report No. 41/2020 with onSeptember 21, 2020 containing the announcement on convening theExtraordinary General Meeting of the Company on October 19, 2020 and theannouncement posted on the Company's website www.efektsa.pl. ("GeneralMeeting of the Company"), as well as in the current report No. 45/2020of October 19, 2020, containing information about the adjourned break inthe meeting, hereby informs that today, i.e. November 5, 2020, itadopted a resolution to cancel Of the Extraordinary General Meeting ofthe Company. The reason for the cancellation of the General Meeting ofthe Company is the information of the Shareholder who is a member of theshareholders 'agreement that "he has confirmation from the members ofthe shareholders' agreement of Korporacja Gospodarcza" Effect "SA (rb.44/2020) that he intends to participate in the EGM on November 6, 2020in person 10 people - these are shareholders and / or their proxies ".As indicated by the Association of Individual Investors, "The limitationby regulation of the right of each shareholder to participate in thegeneral meeting, granted by a higher rank (i.e. an act that is inaddition a code) must raise serious legal doubts", as well asdeclarations of shareholders acting jointly and voting together who,despite agreement on joint voting in connection with the epidemiologicalsituation related to the spread of the COVID-19 coronavirus decided toparticipate in the vast majority in person in the General Meeting,hindering the safe conduct of the General Meeting, and indicating thatin their opinion such a meeting would be held in violation of the law.The company, taking into account the above position, the currentlydifficult situation in the country due to the pandemic and thepublication today of another regulation amending the regulation on theestablishment of certain restrictions, orders and bans, as well as therisk of possible complaints to various authorities, which has been astandard of conduct for several months a narrow group of shareholders orpossible court disputes (mainly due to their time-consuming nature)decided to cancel the EGM.The ManagementBoard of the Company also informs that the General Meeting of theCompany was convened on the initiative of the Management Board of theCompany and that no requests from the Shareholders to add any items tothe agenda were submitted within the deadlines provided for by law.