The Executive Board of Apator SA announces that it made the decision to pay the advance payment for the expected dividend from the profit in 2019 in the amount of 0.45 PLN per share i.e. in the total amount of 14.8 M PLN.

At the same time the Executive Board of Apator SA announces that it aggregated the estimated and expected consolidated financial results of Grupa Apator for 2019 and it announces these data to the public:

Revenues - PLN 877 million

Net profit - PLN 67 million

The achievement of the above financial results is mainly affected by the macroeconomic situation on the domestic and foreign markets.

Apator SA on the 1st March 2019th published the forecast of consolidated results which was the following:

Revenues - PLN 880 - 920 million

Net profit - PLN 72-75 million

Information on the terms and conditions of payment of an advance dividend:

32,860,928 registered shares of series A and bearer shares of series A, B and C, excluding own shares purchased by the Company (as at the date of determining the right to dividend) for the purpose of redemption under the share buy-back program adopted by the AGM on 27 May 2019, are entitled to advance payment of the expected dividend from the profit for the financial year 2019. The exact number of own shares not participating in the dividend advance payment will be published by the Issuer in a separate current report.

The right to the payment of the advance towards the expected dividend from the profit for the financial year 2019 will be obtained by the shareholders holding the shares of Apator SA on 5th December 2019 and the payment will be made on 12th December 2019.

The Executive Board of Apator SA states that Apator SA has sufficient funds for the payment of the advance payment for the expected dividend from the profit for the financial year 2019 and the payment of the advance payment is in accordance with art. 349 §2 of the Commercial Companies Code.

The Supervisory Board of Apator SA at the meeting on 6th November 2019 granted the consent to the payment of the advance payment to the shareholders for the expected dividend from the profit for the financial year 2019 on the above mentioned conditions proposed by the Executive Board.