Report ESPI 23/2021

Management Board of the Berg Holding S.A. with its registered office in Katowice [Company, Issuer] informs that a subsidiary of the Issuer, NETSU S.A. [NETSU, a subsidiary] launched a franchise network offering a business model in the area of sales of the ​​heat pump with the necessary equipment. In order to implement the franchise network project, the company NETSU Dystrybucja Sp. z o.o., in which the subsidiary acquired 100% of shares was established.

The plans for the development of the NETSU franchise network include opening of 50 new distribution points in Poland by the end of 2021 and 120 new distribution points in 2022. Finally, the company plans to open about 300 distribution points throughout the country. In order to implement
the project of a franchise network was established NETSU Distribution Sp. z o.o., in which the subsidiary acquired 100% of shares.

In the opinion of the Issuer’s Management Board, the information about the launch of the franchise network is confidential information due to the fact that its implementation will have a significant impact on the financial income of the Issuer’s Capital Group.