Dear all,

Ispol-Projekt in its almost quarter-century-long history has had significant links with Iceland, with Icelandic engineering companies among its shareholders since 2003, which has contributed significantly to the professional development and current leading position of the company in the power sector in Poland. As a consequence of subsequent ownership transformations, for the past four years the sole shareholder of Ispol-Projekt Sp. z o.o. has been the largest consulting and engineering company in Iceland, EFLA hf. The acquisition in 2019 of 100% of the shares of our company was part of the global growth and the implementation of the strategy to build the EFLA group's leading position in the European market and beyond.

As of 21 November 2023, another development milestone was reached, and our company changed its name from Ispol-Projekt to EFLA. This fact reflects the effective and consistent implementation of our company's development strategy in Poland and the strengthening of our position on the growing international market.

Originating in Iceland, EFLA is a European leader in design of power transmission and distribution solutions and a provider of engineering and consulting services in a broad spectrum of knowledge-intensive solutions. Its 50 years of presence in European markets and unique experience aligns perfectly with our expertise in designing for the rapidly growing energy sector. For more information on the EFLA Group, please visit the global website https://www.efla-engineers.com

Throughout our company's more than twenty-year history of growth, our experienced team of specialists has actively contributed to the energy transition in Poland. The current change reflects our growing interest in markets outside Poland and our involvement in international projects. I would like to assure you, however, that although our name is changing, our commitment to providing superior engineering solutions in our existing areas of operation remains unchanged. I highly value our current cooperation and I am sure that the activities we have undertaken, also in the sphere of global development, will add value to our common history.

All our current email addresses in the ispol-projekt.pl domain will remain active, ensuring smooth communication after the change. Similarly, our current website will be redirected to the new one, ensuring continuity of access to information. We will soon inform you of our new email addresses. Other company data (NIP, REGON, KRS, registration court, registered address, telephone numbers, bank account numbers) will remain unchanged.

Please take the above change into account in all newly issued documents for our company and in registers and records, starting from today.

The change of company name does not result in a change of entity in legal relations. Any agreements entered by Ispol-Projekt remain valid.

If you have any questions or concerns, please contact us by e-mail at: sekretariat@ispol-projekt.pl.

Thank you for your support and cooperation also during this period of change. As of today, we are heading further together as EFLA.

With best regards, Piotr Gburczyk President of the Management Board of EFLA sp. z o.o. (formerly Ispol-Projekt)