Report No. 12/2026 - Decision of the Management Board to prepare separate and consolidated financial statements for 2025 on non-going concern basis

With reference to the current reports of Stalexport Autostrady S.A. (hereinafter: the Issuer) No. 3/2026 of 22 January 2026 and No. 8/2026 of 19 February 2026, the Issuer’s Management Board hereby announces that on 12 March 2026, it adopted a resolution on the preparation of the Issuer's separate and consolidated financial statements for 2025, on a non-going concern basis (hereinafter: the Resolution). The Resolution was adopted after the Issuer’s Management Board analysed the current and planned activities of the Issuer and reviewed the relevant accounting principles. In accordance with the Resolution, the Issuer will prepare separate and consolidated financial statements on non-going concern basis 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 (hereinafter: IAS 1).

In accordance with IAS 1, financial statement is not prepared on a going concern basis if the management of the reporting entity intends to liquidate the entity/group or to cease trading, or has no realistic alternative but to do so.

In the opinion of the Management Board, the Issuer and its capital group have the ability to continue operating activities and to settle liabilities until the expiry of the Concession Agreement for the construction of the A-4 Motorway between Katowice (Murckowska Junction, km 340.2) – Kraków (Balice Junction, km 401.1) section to the requirements of a Toll Motorway and the operation of the motorway on this section, i.e., until 15 March 2027. The basis for not adopting as going concern basis is the outlook extending beyond this period. In the assessment of the Issuer's Management Board, there is currently no realistic alternative to the termination of the Company`s and its Group's operating activities (within the meaning of IAS 1) given the non-approval of the Strategy of the Stalexport Autostrady S.A.’s Capital Group for 2026–2030 (with a perspective to 2035) by the Extraordinary General Meeting of the Issuer held on 19 February 2026.

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.