Statement by the Management Board of Apator SA regarding the intention to wind up FAP PAFAL

The Management Board of Apator SA hereby declares that the decision regarding the proposed liquidation of FAP PAFAL is based on market and business considerations. The scale of the company’s operations in Świdnica has been gradually declining over recent years due to customers in European markets phasing out induction meters, a fall in orders for services (caused, amongst other things, by the recalibration of electric meters , the period for which has been extended from 8 to 12 years), as well as the ongoing automation processes within the Apator Group, which have made maintaining a subsidiary in Świdnica economically unjustifiable.

As Pafal’s scale of operations has been reduced, the size of the premises occupied has been adjusted over the last few years to match the scope of the company’s activities. Currently, the company does not own any property (it leases office and warehouse space). Due to the reduction in orders from customers, the workforce at the Świdnica plant has also been adjusted to the scale of operations.

The Apator Group manufactures modern electronic meters at its production facility in Ostaszewo near Toruń. At present, the Group has no need for a facility of this type at a second location.

We would like to emphasise that the final decision regarding the liquidation of the company will be taken by the general meeting of shareholders, which is scheduled for the end of October 2025. In the event of liquidation being announced, the company’s Management Board will act in accordance with the applicable regulations regarding the employment of staff. The Management Board has informed the staff of the planned decisions and remains in dialogue with them.