CONCLUSIONOF A SIGNIFICANT AGREEMENT IN THE MILITARY SEGMENT

TheManagement Board of the issuer, i.e. VIGO Photonics S.A. with itsregistered office in Ożarów Mazowiecki (hereinafter referred to as:_quot;Issuer_quot;), hereby informs that on August 29, 2023 it concluded with acompany belonging to the Polish Armament Group S.A. (hereinafterreferred to as the _quot;Ordering Party_quot;) an annex to the agreement ofOctober 16, 2017 (hereinafter referred to as: _quot;Agreement_quot;).

Thesubject of the Agreement is the Issuer's delivery to the Ordering Partyof detectors in the quantities specified each time by the Ordering Partyin the orders. During the term of the contract, the Ordering Partydeclared the purchase of a volume of detectors worth (taking intoaccount the current price) PLN 15,750,000.00 (fifteen million sevenhundred and fifty thousand PLN). The supplied detectors are one of themost important components of the explosion suppression and fireextinguishing system developed by Polish entities in tanks, combatvehicles and other vehicles for both military and civilian purposes.

Theagreement was concluded for a definite period until December 31, 2035.Taking into account the current market conditions, the degree oftechnological and business development of the parties and the Issuer'sproduction capacity that may occur before the end of 2035, each partyhas the right to request a change of the provisions the content of theAgreement and its term.

Startingfrom 2025, on January 1 of each subsequent year of the Agreement, theprice for the detectors will automatically be increased by indexing itby the average annual inflation rate published by the CentralStatistical Office for the calendar year preceding the year in which theprices change.

TheIssuer provided the Ordering Party with a quality guarantee for thedetectors for 24 months from the date of installation on the targetdevice, but not longer than 30 months from the date of signing thehandover-acceptance protocol.

Theagreement does not contain any provisions on contractual penalties anddoes not stipulate conditions or termination and suspensive dates.

Theother terms and conditions of the Agreement do not differ from marketterms for similar types of agreements.

Theagreement is a significant agreement due to its value.

Legalbasis: art. 17 sec. 1 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 2003/6/EC of the EuropeanParliament and of the Council and Commission Directive 2003/124 /WE,2003/125/EC and 2004/72/EC (Journal of Laws UE.L No. 173, p. 1 asamended)