Title:Preliminary estimates of revenues from the sale of productsand services for Q2 and H1 2023

Legal basis:Article 17(1) MAR - inside information

Content:The Management Board of XTPL S.A. ["Issuer", "Company","XTPL"] hereby reports preliminary estimates of the Company'sconsolidated revenues from the sale of products and services for thesecond quarter and for the first half of 2023.

1. Estimated consolidated revenues from the sale of the Company'sproducts and services in the second quarter of 2023 were PLN 2,590thousand. In the same period of the previous year, the revenues were PLN2,040 thousand. This figure does not include proceeds on account ofgrants related to the Issuer's implementation of research anddevelopment projects.

2. Estimated consolidated revenues from the sale of the Company'sproducts and services in the first half of 2023 are PLN 5,565 thousandcompared to PLN 2,970 thousand posted in the same period last year. Thisfigure does not include proceeds on account of grants related to theIssuer's implementation of research and development projects.

The value of grant proceeds obtained by the Company in the secondquarter of in 2023 was PLN 400 thousand compared to PLN 1,292 thousandin the second quarter of 2022. On a year-to-date basis, this figurestands at PLN 1,400 thousand compared to PLN 2,377 thousand in H1 2022.The Issuer's Management Board points out that in accordance with therules for accounting for those grants, part of the above proceeds willbe included in the Company's income statement for H1 2023, while theremainder will be recognized in the balance sheet as deferred income.

The estimated value of the Company's cash and cash equivalents as at 30June 2023 was PLN 2,630 thousand compared to PLN 3,794 thousand as at 31March 2023. This means that cash and cash equivalents decreased byapprox. PLN 1,160 thousand. For comparison, in the corresponding periodof 2022, cash and cash equivalents decreased by PLN 240 thousand.

The increase in the Issuer's estimated revenues from the sale ofproducts and services, as presented above, results from progress in thecommercialization of the Company's technological solutions in allbusiness lines (Delta Printing System printing devices, conductive inksand consumables for DPS, industrial projects). The change in the balanceof cash is mainly related to the increase in the demand for workingcapital related to the servicing of growing sales. The value of fundsobtained in the form of grants in the second quarter of 2023 resultsfrom the schedule of work on subsidized projects.

The above preliminary consolidated revenues from the sale of productsand services achieved in the second quarter and in the first half of2023 are considered confidential information by the Issuer due to asignificant change in their level compared to the corresponding periodlast year.

The Company's Management Board emphasizes that the above figures areestimated and preliminary data, which means that they may ultimatelydiffer from those to be disclosed in financial statements.