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Information on the establishment of a joint undertaking

Épduferr Plc informs investors that the Board of Directors of the company decided to establish the project company GeoAkku Ltd. at its meeting on 27 June 2023.

ÉPDUFERR Nyrt.

Information on the establishment of a joint undertaking

ÉPDUFERR Nyilvánosan Működő Részvénytársaság (registered office: 2400 Dunaújváros, Verebély út 14.; registered office: 2400 Dunaújváros, Hungary; company register kept by the Court of Companies of the Székesfehérvár General Court, company register number: 07-10-001413, hereinafter referred to as the "Company") informs the investors that the Board of Directors decided on June 27, 2023 to establish a project company "GeoAkku Akku". The meeting of 27 June 2023 decided to establish GeoAkku Limited Liability Company (registered office: 2400 Dunaújváros, Verebély László utca 14., hereinafter referred to as "GeoAkku Ltd.") with the participation of the Company and Mr. Balázs Meleghegyi in the amount of 50%-50%.

GeoAkku Ltd. is established as a project company with a share capital of HUF 3.000.000, its aim is to explore alternative possibilities of energy storage based on the exploitation of the patent made available to it after its establishment, as a first step the industrial feasibility study. The GeoAkku Ltd., which will be established to support green energy, a key energy storage sector for the Company, could mean the expansion and diversification of its activities, if the patent is practicable.

Dunaújváros, 27 June 2023.