First Call for eTravel S.A. Shareholders to Submit Shares to the Company

Due to the enactment of the law from August 30, 2019, amending the Commercial Companies Code and some other acts (Journal of Laws of 2019, item 1798), hereinafter referred to as "the Act", eTravel S.A. (hereinafter referred to as "the Company"), informs its shareholders about the introduction into the Polish legal system of the mandatory dematerialization of company shares, which means replacing the paper form of shares with an electronic record in the shareholder register managed by the entity referred to in Article 17 of the Act.

According to the changes introduced, the validity of the existing share documents issued by the Company will expire by force of law on March 1, 2021. After this date, shares will no longer be a document confirming shareholder status, but only a documentary evidence necessary for updating the electronic shareholder register. Meanwhile, after January 1, 2026, there will be a loss of protection of membership rights for shareholders whose share documents have not been submitted to the company and have not been included in the electronic shareholder register.

Due to the above changes, based on Article 16 of the Act, the Company's management calls all eTravel S.A. shareholders to submit their share documents (collective share certificates) by January 28, 2021, at the latest, to the Company's Management Office (from 9 AM to 5 PM) at Al. Jerozolimskie 142 B, 02-305 Warsaw, so they can be converted into an electronic form. The submission of share documents to the Company will be confirmed in writing to the shareholder.

The first call for shareholders to submit share documents to the Company was sent to all shareholders by traditional mail on September 29, 2020.