THIS CURRENT REPORT AND THEINFORMATION CONTAINED HEREIN IS SUBJECT TO RESTRICTIONS AND IS NOT FORPUBLICATION, ANNOUNCEMENT, DISTRIBUTION OR TRANSMISSION, DIRECTLY ORINDIRECTLY, IN WHOLE OR IN ANY PART, IN OR INTO THE UNITED STATES OFAMERICA, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANYOTHER COUNTRY WHERE TO DO SO WOULD BE PROHIBITED BY LAW. THIS MATERIALIS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN INVITATIONTO OR AN OFFER OF SECURITIES IN ANY JURISDICTION.

PLEASE READ THE LEGALDISCLAIMER AT THE END OF THIS CURRENT REPORT.

The issuer's management board, i.e. VIGO PhotonicsS.A. with its registered office in Ożarów Mazowiecki (hereinafterreferred to as the _quot;Issuer_quot;), hereby informs that selected shareholdersof the Company, i.e. Mirosław Grudzień, Janusz Kubrak, Józef Piotrowskiand Zbigniew Więcław, concluded on October 25, 2023 lock-up agreementswith WOOD _amp; Company Financial Services, a.s. Spółka Akcyjna, Branch inPoland (_quot;WOOD_quot;), which will act as the Global Coordinator and JointBookrunner as part of the possible offering of Series F Shares, and withIPOPEMA Securities S.A. (_quot;IPOPEMA_quot;, and together with WOOD as the _quot;JointBookrunner_quot;), which will act as the Joint Bookrunner as part of apossible offering of Series F Shares. Each lock-up agreement wasconcluded individually between a given shareholder and the JointBookrunners.

Pursuant to the concluded lock-up agreements, theabove-mentioned shareholders of the Issuer agreed not to dispose of theshares in the Issuer's share capital held by them as at the date ofconclusion of the lock-up agreements (and in the event of theacquisition of additional shares of the Issuer or rights to Series FShares by the above-mentioned shareholders of the Issuer between thedate conclusion of the lock-up agreement and the first day of quotationof Series F Shares in trading on the regulated market - also suchIssuer's shares or rights to Series F Shares) in the period from thedate of conclusion of the lock-up agreement to the expiry of the lastday of the 365-day period from the date of the first quotation of rightsto Series F Shares or Series F Shares on the regulated market operatedby the Warsaw Stock Exchange S.A. (whichever occurs earlier), withoutthe prior written consent of each of the Joint Bookrunners. Theobligation referred to above includes in particular the prohibition ofselling and offering for sale shares held by the above-mentionedshareholders of the Issuer, while lock-up agreements provide forstandard exceptions to the prohibition of disposing of shares for thistype of agreements (including, among others, the possibility of sale ofthe Issuer's shares in a tender offer to subscribe for the sale of theIssuer's shares or as part of the purchase of the Issuer's own shares).

In the case of Mirosław Grudzień, Janusz Kubrak andZbigniew Więcław, the lock-up obligation applies to all shares held bythese shareholders on the date of concluding the lock-up agreements, andin the case of Józef Piotrowski - 80,200 shares (out of 85,037 held bythis shareholder on the date of concluding the lock-up agreement).

Each of the lock-up agreements will expire in theevent of failure of the offer of Series F Shares to be effective, andthe failure of the offer of Series F Shares to be effective should beunderstood as a situation in which no Series F Shares will be issueduntil June 30, 2024 (inclusive). covered by the offer of Series FShares, in particular as a result of failure to adopt an appropriateissue resolution regarding the issue of Series F Shares by the Issuer'sGeneral Meeting, cancellation of the offer of Series F Shares or failureto register the increase in the Issuer's share capital in relation toSeries F Shares.

Legal basis: art. 17 section 1 Regulation (EU) No596/2014 of the European Parliament and of the Council of 16 April 2014on market abuse (Market Abuse Regulation) and repealing Directive2003/6/EC of the European Parliament and of the Council and CommissionDirective 2003/124 /EC, 2003/125/EC and 2004/72/EC (_quot;MAR Regulation_quot;).

LEGAL DISCLAIMER

This current report is forinformation purposes only in the Issuer's performance of its disclosureobligations as required by law and is not for the purpose of promotingin any way, directly or indirectly, the offer, issue and subscription ofthe Issuer's securities, including the Issuer's new issue series Fshares (the _quot;New Issue Shares_quot;) and does not constitute promotionalmaterial or advertising within the meaning of Article 22 of EURegulation 2017/1129 (the _quot;Prospectus Regulation_quot;), prepared orpublished by the Issuer for the purpose of promoting the New IssueShares or their subscription or encouraging, directly or indirectly,their subscription. This current report does not contain or constitutean offer to sell or subscribe for securities or an invitation to make anoffer to purchase securities or an inducement/recommendation to purchasesecurities, nor does it constitute an investment recommendation withinthe meaning of the Market Abuse Regulation (Regulation (EU) No.596/2014) and Commission Delegated Regulation (EU) 2016/958supplementing the Market Abuse Regulation and does not under anycircumstances constitute the basis for a decision to purchase securitiesof the Issuer.

No prospectus will be releasedin connection with the matters that are the subject of this currentreport and the preparation of such prospectus is not required under theProspectus Regulation.

The New Issue Shares, if any,have not been and will not be the subject of any registration, approvalor notification under the Prospectus Regulation or the US Securities Actof 1933, as amended (the _quot;U.S. Securities Act_quot;) and may not be offeredor sold outside the territory of the Republic of Poland (including othercountries of the European Union and the United States of America) unlesssuch offer or sale could be lawfully made in the relevant countrywithout the Issuer and its advisers having to comply with any additionallegal requirements. Each investor residing or having its registeredoffice outside the territory of the Republic of Poland shouldfamiliarise itself with the relevant provisions of the Polish law andthe laws of other countries which may apply to it in this respect.

This current report is not fordistribution to or use by any person or entity in any jurisdiction wheresuch distribution or use would be contrary to local laws or otherregulations or which would create an obligation with respect toauthorisation, notification, consent or other requirements underapplicable laws. The distribution of this current report and otherrelated information may be restricted by law and persons into whosepossession any document or other information referred to in thismaterial comes should inform themselves about and observe any suchrestrictions. Failure to comply with such restrictions may constitute aviolation of the securities laws of the relevant jurisdiction.

THIS CURRENT REPORT IS NOT FORDISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA(INCLUDING THE DEPENDENT TERRITORIES AND OVERSEAS POSSESSIONS OF THEUNITED STATES AND THE DISTRICT OF COLOMBIA), AUSTRALIA, CANADA, JAPAN ORTHE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SOWOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTIONAND SUBJECT TO CERTAIN EXCEPTIONS. THE ISSUER'S SHARES MAY NOT BEOFFERED OR SOLD IN SUCH JURISDICTIONS OR TO OR FOR THE ACCOUNT OFCITIZENS OF THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLICOF SOUTH AFRICA OR PERSONS RESIDENT OR DOMICILED IN SUCH COUNTRIES.

This current report containsor may contain certain forward-looking statements relating to theIssuer's current expectations and projections of future events. Thesestatements, which sometimes contain words such as _quot;aim_quot;, _quot;anticipate_quot;,_quot;believe_quot;, _quot;intend_quot;, _quot;plan_quot;, _quot;estimate_quot;, _quot;expect_quot; and words of similarmeaning, reflect the beliefs and expectations of the Issuer's managementand involve a number of risks, uncertainties and assumptions that mayoccur in the future, are beyond the control of the Issuer and may causeactual results and achievements to differ materially from any expectedresults or achievements expressed or implied by the forward-lookingstatement. Statements in this current report regarding past trends oractivities should not be taken as a representation that such trends oractivities will continue in the future. The information contained inthis current report is subject to change without notice and, except asrequired by applicable law, the Issuer assumes no responsibility orobligation to publicly update or revise any forward-looking statementscontained herein, nor does it intend to do so. Undue reliance should notbe placed on forward-looking statements, which reflect only beliefs asof the date of this current report. Nothing in this current reportconstitutes or is intended to constitute a forecast or estimate ofearnings or to imply that the Issuer's earnings in the current or futurefinancial year will match or exceed the Issuer's historical or publishedearnings. In view of the risks, uncertainties and assumptions mentioned,the recipient should not place undue reliance on forward-lookingstatements as a forecast of actual results or otherwise.

This current report has beenpublished by the Issuer, which is also solely responsible for it.