Completion of the strategic options reviewWith reference to thecurrent report No. 15/2024 dated 7 August 2024 regarding thecommencement of the strategic options review and the current report No.22/2024 dated 20 September 2024 regarding the update of the timeframefor the implementation of the strategy of PCF Group S.A. and the PeopleCan Fly Group (the "Strategy"), the Management Board of PCF Group S.A.with its registered office in Warsaw (the "Company") informs that on 10December 2024 it decided to conclude the strategic options review forthe Company and its capital group (the "Group"), which resulted in thefailure to obtain the new financing in the amount of approximately PLN350 million, i.e., to the extent necessary to maintain the current scaleof the Group's activities in the area of projects carried out in theself-publishing model (the "Financing").

Failure to obtain the Financing makes it impossible for the Company'sManagement Board to implement the Strategy in its current scope. In viewof this, the Company's Management Board has decided to take immediatesteps to improve the financial position and liquidity of the Group bybalancing the cash flows, in particular by balancing the capitalexpenditures incurred in the development of operations in theself-publishing segment with the revenues generated by the Group fromthe work-for-hire segment.

The Company will publish updates regarding the specific measures takento achieve the above goal in compliance with applicable laws.