29/2019 - Resolutions adopted by the Extraordinary General Meeting of the Company on July 12, 2019.

In reference to current reports of Trakcja PRKiI S.A. (‘Company’) No. 11/2019 dated May 31, 2019 and No. 25/2019 dated June 28, 2019 - the Management Board of the Company informs that on July 12, 2019, the Extraordinary General Meeting of the Company adopted a resolution regarding the abandonment examining matters placed on the agenda and removing them from the agenda (‘Resolution’). In connection with the adoption of the Resolution - the Extraordinary General Meeting of the Company decided to abandon consideration of issues included in items 4) and 5) of the agenda of the Extraordinary General Meeting convened for June 28, 2019, which deliberations were interrupted until July 12, 2019, i.e. :

• Adoption of a resolution regarding the increase of the Company's share capital by issuing series B ordinary bearer shares and ordinary C series shares by private subscription excluding the pre-emptive rights of existing shareholders, dematerialisation and applying for admission and introduction to trading on the regulated market through the Warsaw Stock Exchange SA rights to series B shares, series B shares, series C shares and amendments of the Statute; and
• Adoption of a resolution regarding the change of the Company Statute

and remove them from the agenda of the Extraordinary General Meeting.

The resolution was adopted by the Extraordinary General Meeting of the Company at the request of the Management Board of the Company, filed pursuant to §12 para. 2 of the Regulations of the General Meeting. The Management Board of the Company motivated its request with the necessity of further work in the scope of setting detailed parameters of the considered share capital increase and ongoing talks with financial institutions in connection with the Company's refinancing process, therefore adopting resolutions regarding the increase of the share capital and changes in the Company Statute during the current Extraordinary General Meeting remains pointless. At the same time, the Management Board announced that it intends to convene the next Extraordinary General Meeting of the Company as soon as possible, including the adoption of resolutions indicated in items 4) and 5) of the agenda of the current Extraordinary General Meeting of the Company.

The content of the resolution adopted has been attached to this report.

Legal basis:

§ 19 para. 1 point 6 and 7 of the Regulation of the Minister of Finance of March 29, 2018 regarding current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state.