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Pealkiri

Revaluation of the value of the Company's assets.

Teade

The Management Board of INVESTMENT FRIENDS CAPITAL SE headquartered in Tallinn, hereby informs that in connection with works being carried out on the financial report for the financial year 2019/2020, the Management Board of the Issuer on July 9, 2020 decided to make a revaluation of the Company's financial assets as at 30/06/2020.

As at the balance date 30/06/2020 the Issuer held 1.515 stocks of IFEA Sp. z o.o., that consisted of 5,24% of the share capital and granted 1.515 votes consisting of 5,24% of the total number of votes at the general meeting of IFEA Sp. z o. o.

On July 9, 2020 the Issuer decided to revaluate the Issuer's assets in the 6th quarter of the financial year 2019/2020 due to decrease in the value of stocks of IFEA Sp. z o. o. by the value PLN 1 795 572,78.

The value of 1.515 stocks of IFEA Sp. z o. o. presented in the annual financial report of the Issuer as at December 31, 2018 was PLN 1 795 572,78.

The Management Board decided to make a revaluation write-off of this asset due to liquidation of IFEA Sp. z o. o.