Our financial targets under the “Update of the GPW Group Strategy #GPW2022”

The Company's financial objectives were approved on March 29, 2019 by the Exchange Supervisory Board and have been defined for 2022:

Revenue

470

PLN mn in 2022

EBITDA

250

PLN mn in 2022

ROE

19% in 2022

(ROE may temporarily fall below 19% due to strategy implementation ecpenditures)

Cost/Income

C/I under 50% after 2022

(C/I may temorarily range from 63% to 55% due to strategy implementation expenditures)

Dividenda

dividend payout rate wiii not be lower than 60% of consolidated net profit

dividend will not be lower than PLN 2.4 per share from 2019 profit

annual increase in the dividend from the 2020-2022 profits by at least PLN 0.1 per share

At the same time, the Company informs that these goals and assumptions of the strategy #GPW2022 are not forecasts or estimates of results - including financial ones - and refer only to the intended action in the years 2019-2022.