Legal attitude: Art. 17 para. 1 MAR - confidential information.
Board of Directe S.A. in restructuring with its registered office in Warsaw (the "Company"), with reference to information provided in ESPI report no. 3/2017 dated November 15, 2017, 1/2018 dated January 5, 2018 and 2/2018 dated 19 January 2018 announces that today, ie on 13 July 2018, the Company received the decision of the District Court in Warsaw of the 23rd Commercial Appeal Division ("Court") of 4 July 2018. The content of the order indicated that after recognition on 4 July 2018 in Warsaw in closed session in the accelerated arrangement proceedings of Verte Spółka Akcyjna in Warsaw regarding the approval of the arrangement as a result of the complaint of the creditors against the decision of the District Court for the capital city of Warsaw in Warsaw of January 19, 2018 change the appealed decision and refuse to approve the agreement adopted in the accelerated arrangement proceedings of Verte Spółka Akcyjna in Warsaw at the meeting of creditors on 15 November 2017. At the same time, the Management Board of the Company informs that it is forced to begin preparations for submitting the application for bankruptcy, about which the Company will inform about it in a separate communication.
Source: company website, investor relations, current and periodic reports.