The Management Board of Proguns Group S.A., with itsregistered office in Warsaw (the "Issuer"), announces that on 16 January2026 the Issuer entered into an agreement with Forum 119 Closed-EndInvestment Fund, with its registered office in Kraków, for thesubscription of the Issuer's Series G shares. Pursuant to thisagreement, Forum 119 Closed-End Investment Fund subscribed for 4,519,167Series G bearer shares of the Issuer in exchange for a cash contributionin the total amount of PLN 20,019,909.81.

The Issuer explains that the subscription by Forum119 Closed-End Investment Fund for the Issuer's Series G sharesconstitutes the implementation of the provisions of the investmentagreement concluded by Forum 119 Closed-End Investment Fund, NiewiadówPolska Grupa Militarna S.A., Zakłady Sprzętu Precyzyjnego Niewiadów sp.z o.o., Fabryka Amunicji Pocisk S.A., and the Issuer, which the Issuerreported in current report ESPI No. 3/2026 on 16 January 2026.