Receipt of a protocol froma written open tender for the sale of real estate along with informationabout the signature by the Issuer.The Management Board of KorporacjaGospodarcza "Efekt" S.A. with its seat in Kraków (hereinafter: theCompany, the Issuer) announces that today it signed the protocolreceived yesterday from the written open tender conducted on December 9,2020 at the headquarters of the City of Łódź, for the sale of realestate owned by the City of Łódź located in Łódź at ul. Wólczańska 210,212 and Wólczańska without the number, al. Of the Polish Red Crosswithout a number, ul. Piotrkowska 233, 233/235 and Piotrkowska withoutthe number, with a total area of ​​7 699 m², in which the Issuer did notparticipate.Theproperties are divided into three investment areas: site no. I, site no.II, site no. III - these sites constitute one property complex, put upfor sale jointly.Theproperties are located in the area entered in the register of immovablemonuments as the historic urban layout of Piotrkowska Street on thesection from al. Piłsudskiego / al. Mickiewicza to ul. Pabianicka.Moreover, they are located in the area entered into the municipalregister of monuments of the city of Łódź as the historical urban layoutand the cultural landscape of "Osada Łódka". Possible removal by thefuture buyer of trees located on the real estate may take place inaccordance with the provisions of the Act of April 16, 2004 on natureprotection (Journal of Laws of 2020, items 55, 471 and 1378).Theproperty buyer is obliged to:1)making the area available to network operators for reconstruction,renovation, removal of breakdowns, repairs, maintenance or modernizationin the event of preservation of the existing utilities and preservationof protection zones along the utilities network, in agreement with theoperators of these networks, and submission of an appropriate statementin this regard in the sales contract;2)if the Issuer implements a non-road investment on the sold real estate,which will require the construction of roads marked in the local spatialdevelopment plan with symbols or a pedestrian path, the real estatebuyer will be obliged to build the roads or pedestrian path on his ownand at his own expense without the right to recourse to Of the City ofŁódź on the terms specified by the road administrator pursuant to art.16 of the Act of March 21, 1985 on public roads (Journal of Laws of2020, items 470, 471 and 1087) or in another contract concluded with theroad administrator;3)in the case of the implementation of an investment covering at leastarea No. I - to be developed at its own expense and without the right ofrecourse to the City of Łódź, in accordance with the guidelinesdescribed in Appendix No. 4 to the "Terms of the tender" constituting anattachment to the Regulation No. 5315 / VIII / 20 of the President Ofthe City of Łódź of October 6, 2020, within 5 years from the date ofobtaining a legally valid building permit, at least for the investmentin area No. No. I; timely development of these properties in a mannerdifferent from the guidelines, but based on written arrangements withthe Municipal Investments Board or another competent unit ororganizational unit of the City of Łódź, will be considered as theimplementation of the said obligation;4)in the case of the implementation of an investment covering an areamarked in the local spatial development plan as unit 3 of the KDW - tomeet the requirements for the development of the above area, resultingfrom § 32 sec. 3 point 3 of the resolution No. LXVI / 1684/18 of theCity Council in Łódź of January 25, 2018 on the adoption of the localspatial development plan for the part of the city of Łódź located in thearea of ​​Piotrkowska, Czerwona, Wólczańska, Radwańska, Brzeźna, EdwardaAbramowski streets , Jan Kiliński, Tylna, Henryk Sienkiewicz and Fr. bp.Wincentego Tymieniecki;5)establishing, in the contract of sale of real estate, free land easementconsisting in almost unlimited passage and passage, for the benefit ofeach owner of plot No. 21/30, and each owner of plot No. 25.Inthe contract that transfers the ownership of the real estate, thefollowing will be reserved:theobligations set out in items 1-4 above; the agreement for theestablishment of the easement referred to above; a contractual penaltyin the amount of PLN 400,000 (say: four hundred thousand zlotys) in thecase of failure to meet the above-mentioned obligation on time, or inthe event of its implementation in a manner different from theguidelines contained in the appendix to the Tender Terms "constitutingan appendix to Regulation No. 5315 / VIII / 20 of the Mayor of the Cityof Łódź of October 6, 2020 or written arrangements made with theMunicipal Investments Board or other competent organizational unit ofthe City of Łódź; a declaration of submission to enforcement under thecontract of sale transferring the ownership of the real estate pursuantto art. 777 § 1 point 5 of the Code of Civil Procedure as regards theobligation to pay a contractual penalty. The City of Łódź will beentitled to apply for an enforcement clause within 3 years from theineffective expiry of the deadline for performance of the obligationreferred to in point 3; in order to secure the contractual penaltyindicated above, the buyer will establish a mortgage for the City ofŁódź in the amount of PLN 600,000 (say: six hundred thousand zlotys),encumbering the real estate being sold or other real estate approved bythe City of Łódź, of which the buyer is the owner or perpetualusufructuary. The mortgage referred to above will be entered in thefirst place in section IV of the land and mortgage register in anotherland and mortgage register kept for the real estate subject to sale andwill have priority over other mortgages. The City of Łódź allows for thepossibility of securing, in the form of a bank or insurance guarantee,the claim of the City of Łódź for the contractual penalty referred toinstead of establishing the described mortgage by the entity selected inthe tender as the buyer of the property. The content of the guaranteewill indicate the City of Łódź as the beneficiary of the guarantee andthe guarantor's obligation to irrevocably, unconditionally pay theguarantee sum up to PLN 600,000 (say: six hundred thousand zlotys) atthe first written request of the City of Łódź, in which it is statedthat the buyer of the property does not paid a contractual penalty. Theguarantee will be granted for a period of 3 years from the ineffectiveexpiry of the deadline for the performance of the obligation describedabove.TheIssuer made a declaration that it familiarized itself with the legalstatus and with the way of developing the real estate in the area aswell as with the "Terms and Conditions of the Tender" and acceptingthese conditions without reservations.TheIssuer's offer of the proposed real estate price in the tender in theamount of PLN 4,855,000 (in words: four million eight hundred fifty fivethousand zlotys) was higher than the starting net price and wasaccepted. The above-mentioned easement in the total amount of PLN521,070 will be added to the purchase price, increased by the tax ongoods and services at the rate of 23% in the amount of PLN 119,846.10.The paid bid bond in the amount of PLN 480,000 will be credited towardsthe purchase of the property. The payment of the remaining purchaseprice of the property in the amount of PLN 4,375,000 plus the agreed taxon goods and services and the payment of the fee for the establishmentof the easement in the amount indicated above, should be made before theconclusion of the contract for transferring ownership. The tender reportis the basis for concluding the sale agreement in the form of a notarialdeed. The submitted report confirmed that the real estate was purchasedby Korporacja Gospodarcza "Efekt" Spółka Akcyjna with its seat in Krakow.Legalbasis:Art.17 sec. 1 of the Regulation of the European Parliament and of theCouncil (EU) No 596/2014 of April 16, 2014 on market abuse (market abuseregulation) and repealing Directive 2003/6 / EC of the EuropeanParliament and of the Council and Commission Directive 2003 / 124 / EC,2003/125 / EC and 2004/72 / EC (also known as MAR).