Muza S A : Report No 25 - Notification about a change in the number of shares held

Current report no. 25/2021

Subject: Notification about a change in the number of shares held

Legal basis:

Art. 70 point 1 of the Act on public offering and conditions of introducing financial instruments for organized trade, and public companies of 29th July 2005

Report content:

The Management Board of the company Muza Spółka Akcyjna ('Company'), acting pursuant to Art. 70 point 1 of the Act on public offering and conditions of introducing financial instruments for organized trade, and public companies of 29th July 2005, hereby informs that on 23th July 2021 it received a notification from a shareholder, Mr Marcin Garliński about a change in the number of shares and votes held in the Company.

The following is the content of the notification of Mr Garliński: 'Acting pursuant to Art. 69 par. 2 point 1 of the Act on public offering and conditions of introducing financial instruments for organized trade, and public companies of 29th July 2005 (i.e. Dz.U. [JoL] of 2016, item 1639, as amended), hereinafter the 'Act,' I hereby notify about the decrease of my share in the share capital and the total number of votes in the company Muza SA seated in Warsaw ('Company') and about exceeding the level of 10% of total number of votes in the Company.

1. 1. The date and type of event causing the change of share to which the notification refers:
      On 21th July 2021, I acquired 134.279 series C shares in the Company. The acquisition was effected under the Incentive Program.
   2. The number of shares held before the change in share and the percentage share in the Company's share capital and the number of votes resulting from the shares and their percentage share in the total number of votes:
      Prior to the last notification I was entitled to 294,242 shares in the share capital of the Company, constituting 10.28% of the Company's share capital and 294,242 votes in the Company's total number of votes, constituting 8.81% of the Company's total number of votes.
   3. The number of shares currently held and the percentage share in the Company's share capital and the number of votes resulting from the shares and their percentage share in the total number of votes:
      Following the transaction referred to in this notification, I am entitled to 428,521 shares in the share capital of the Company, constituting 13.69% of the Company's share capital and 428,521 votes in the Company's general total number, constituting 12.14% of the Company's total number of votes.
2. Subsidiaries of the notifying shareholder, holding shares of the Company: None.
3. Persons referred to in Art. 87 par. 1 point 3 letter c of the Act: None. Currently, I am not bound by any oral or written agreements concerning a concerted voting in the General Meeting of the Company.
4. The number of votes from shares calculated on a simple basis as specified in Art. 69b par. 2-3 of the Act: None.'