Report No. 3/2026

The Management Board of Stalexport Autostrady S.A. (hereinafter: the Issuer) hereby announces that on 22 January 2026, it was notified that on the same day, the Management Boards of two subsidiaries of the Issuer, i.e. Stalexport Autostrada Małopolska S.A. (“SAM”) and VIA4 S.A. (“VIA4”) had adopted resolutions on the preparation of financial statements for 2025 for SAM and VIA4 respectively, on the assumption that subsidiaries are not a going concern (“Resolutions”). Both SAM and VIA4 are companies established for the purpose of performing activities related to the Concession Agreement for the construction of the A-4 Motorway between Katowice – Kraków section to the requirements of a Toll Motorway and the operation of the motorway on this section (the “Concession Agreement”), which expires on 15 March 2027.

The resolutions were adopted after the Management Boards of SAM and VIA4 analysed the current and planned activities of SAM and VIA4 and reviewed the relevant accounting principles. In accordance with the Resolutions, both SAM and VIA4 will prepare financial statements on the assumption that subsidiaries are not a going concern referred to in paragraph 25 of International Accounting Standard 1, which is annexed to Commission Regulation (EU) 2023/1803 of 13 August 2023 adopting certain international accounting standards in accordance with Regulation (EC) No. 1606/2002 of the European Parliament and of the Council.

At the same time, the Issuer's Management Board informs that current analyses do not indicate the validity of applying the same assumptions when preparing the financial statements of the Issuer, i.e. Stalexport Autostrady S.A. (both on a separate and consolidated basis). The Management Board indicates that, pursuant to the Issuer’s current report No. 1/2026 dated 22 January 2026 (the “Report”), on 22 January 2026 the Management Board adopted a resolution regarding: the conditional adoption of the “Strategy of the Stalexport Autostrady S.A.’s Capital Group for 2025–2030 (with a perspective to 2035)” and the convening of an Extraordinary General Meeting. In the Issuer’s strategy for the coming years published as the attachment to the Report, the Management Board presented possibilities for the continuation of the Issuer’s operations after the expiry of the Concession Agreement.

The following premises confirming the validity of the assumption of the Issuer's continuation of business activities, as presented by the Issuer in its periodic reports, remain valid:

1. Resulting from the very good financial, earnings and liquidity position of the Issuer and its capital group, no restrictions on the ability to continue operations after the term of the Concession Agreement:
2. The high financial liquidity of the Issuer's capital group enables it to carry out a possible adjustment process, which should make the Issuer resistant to the consequences of the transition period immediately following the expiry of the Concession Agreement, even in the event of a significantly limited scope or scale of operations;
3. The decision on the possible liquidation of the Issuer rests with the Issuer's General Meeting. Currently, the Issuer's Management Board has no information that would indicate the intention of the Issuer's General Meeting to make such a decision.

Legal basis:

Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/ 6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.