The Management Board of Niewiadów Polska Grupa Militarna S.A., with its registered office in Warsaw (the “Issuer”), announces that on January 19, 2026, companies within the Issuer’s Capital Group, namely Proguns Group S.A. (“Proguns”), Zakłady Sprzętu Precyzyjnego Niewiadów sp. z o.o. (“ZSP”), and Fabryka Amunicji Pocisk S.A. (“FAP”), entered into a joint venture agreement (“Agreement”).
The Issuer explains that the conclusion of the Agreement constitutes the implementation of the provisions of the investment agreement entered into by Forum 119 Closed-End Investment Fund, the Issuer, Proguns, ZSP, and FAP, which the Issuer disclosed in its ESPI Current Report No. 4/2026 on January 16, 2026.
The agreement sets forth the detailed terms of cooperation between the parties regarding the launch and operation in Poland of a factory producing 40 mm medium-caliber ammunition (the “Project”), using financing in the amount of PLN 60 million provided by Forum 119 Closed-End Investment Fund.
The Issuer further announces that, in connection with the conclusion of the Agreement, on January 19, 2026, Proguns and ZSP terminated the cooperation agreement, the conclusion of which the Issuer had announced in ESPI Current Report No. 68/2025 on November 13, 2025.