Title: Preliminary estimates of revenues from the sale of products andservices for Q1 2024

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

Content of the Report:

The Management Board of XTPL S.A. [_quot;Issuer_quot;, _quot;Company_quot;, _quot;XTPL_quot;]announces information on the preliminary estimated consolidated revenuefrom sales of products and services achieved by the Company in the firstquarter of 2024.

The estimated value of consolidated revenues from the sale of theCompany's products and services in Q1 2024 amounted to PLN 2,758thousand. In the corresponding period of the previous year, revenuesamounted to PLN 2,975 thousand. The figure does not include revenuerelated to the implementation of grants related to the Issuer's researchand development projects.

In the first quarter of 2024, the Company did not raise new funds fromthe implementation of grants. At the same time, it should be emphasizedthat, as a result of the settlement of advances for grants, it may showrevenue on this account. XTPL completed two grant projects at the end of2023. At present, the Company is implementing one international grantproject [Current Report 7/2022, dated March 31, 2022] and is preparingto launch the implementation of another international grant project[Current Report 1/2024, dated January 12, 2024]. At the same time, theCompany reports that it is currently in several processes related toobtaining further grants for innovative projects related to itsoperations. In the same period of the previous year, the Companyobtained grants amounting to PLN 605 thousand.

The Company's estimated cash balance at the end of 31 March 2024 was PLN22.0 million. The change in funds compared to the estimated balance ofPLN 27.1 million at the end of Q4 2023 is due to the assumptions for theimplementation of the Strategy for 2023-2026 and investments in, amongother things, increasing production capacity, expanding the team andactivities aimed at increasing sales in subsequent periods. XTPL's goalis to achieve PLN 100 million in revenue from sales of products andservices by the end of 2026.

The Company's Management Board emphasizes that the data presented aboveare estimates and preliminary, which means that they may ultimatelydiffer from those presented in the interim report.

The planned publication date of the interim report for Q1 2024 is 22 May2024.