5/2023 Review of strategic options

Management Board of CPD S.A. (“The Company”) informs that on 1^st of March  2023 it decided to start the process of reviewing strategic options (“Review”), the purpose of which is to identify possible directions of development of the Issuer. The review will result in an assessment of possible courses of action aimed at maximizing shareholder value.

The Company is considering a few possible courses of action, which may include acquiring a strategic investor or carrying out alternative actions, which may result in a change in the Company’s shareholding structure. The Management Board also does not rule out initiating projects in industries where the Company has not been present so far. However, the Issuer does not guarantee that the review will lead to any transaction changing this structure, and furthermore that the review will lead to the selection of any strategic option.

The decision to start the Review results from the finalization of the Issuer’s key project in the Ursus district in Warsaw, including the completion of the process of monetization of the land located there, as well as the sale of the last key assets, which the company informed about in recent reports.

Any updates regarding the Review will be made public in accordance with applicable law.

 

Legal basis:

Art. 17 sec. 1 of MAR – confidential information.

 

Signatures of persons authorized to represent:

Elżbieta Wiczkowska, Member of the Management Board, 1 March 2023

Iwona Makarewicz, Member of the Management Board, 1 March 2023