Currentreport no. 1/2026

Dateof preparation:2026-03-20

Subject:Changeof the release date and increase in the budget for "Honeycomb: The WorldBeyond"

Legalbasis:Art.17 item 1 of the Market Abuse Regulation - inside information

Contents:

TheManagement Board of Frozen Way S.A., with its registered office inKraków (the "Issuer"), hereby announces that the release date of thefull version of the game "Honeycomb: The World Beyond" (the "Game") forpersonal computers ("PC") and PlayStation 5 _ Xbox Series consoles("Consoles"), previously disclosed by the Issuer in ESPI Report No.13/2025 dated 28 October 2025, has been postponed from the first quarterof 2026 to June or July 2026.

Thepostponement of the Game's release date on PC and Consoles was drivenprimarily by the desire to avoid direct competition within the releasewindow with "Subnautica 2", whose launch is scheduled for May 2026. Theadditional time resulting from the extended production period will alsomake it possible to further improve the Game and meet the highexpectations of the publisher, Snail Games USA Inc., with its registeredoffice in Culver City, United States (hereinafter referred to as the"Publisher"), in terms of quality standards and gameplay. The exact newrelease date of the Game will be determined by the Publisher.

Theextension of work on the Game will increase the budget for the Game's PCand Console versions from PLN 10 million to PLN 11 million.

TheIssuer's Management Board decided to publish the above information dueto the fact that it may have a significant impact on the financial andmaterial situation of the Issuer and a potentially significant impact onthe valuation of the Issuer's financial instruments traded in thealternative trading system.

Disclaimer:This English language translation has been prepared solely for theconvenience of English-speaking readers. Despite all the efforts devotedto this translation, certain discrepancies, omissions, or approximationsmay exist. In case of any differences between the Polish and the Englishversions, the Polish version shall prevail. The Issuer, itsrepresentatives and employees decline all responsibility in this regard.

Representativesof the Issuer:

MateuszFurmanik

VicePresident of the Management Board