The Management Board of Agora S.A. (“Agora”) hereby informs that on December 30, 2025, the Management Boards of its subsidiaries, i.e., Wyborcza sp. z o.o. ("Wyborcza"), Gazeta.pl sp. z o.o. ("Gazeta.pl"), and Eurozet Consulting sp. z o.o. ("Eurozet Consulting"), in accordance with the Act of March 13, 2003 on Special Rules for Termination of Employment for Reasons Not Attributable to Employees, resolved to initiate consultations on group layoffs with the trade union operating in those companies. Additionally, in accordance with the Act of April 7, 2006 on informing and consulting employees, works council or employees' representatives shall also be consulted on the group layoff process.

The intention of the Management Board of Wyborcza is to lay off up to 60 employees of the company in the fields of operational support, sales, business support, and editorial (which constitutes ca. 13,48% of employees of the company as of December 30, 2025) between January 20,2026 and February 28, 2026.

The intention of the Management Board of Gazeta.pl is to lay off up to 63 employees of the company in the fields of operational support, sales, business support, and editorial (which constitutes 25,82% of employees of the company as of December 30, 2025) between January 20,2026 and February 28, 2026.

The intention of the Management Board of Eurozet Consulting is to lay off up to 13 employees of the company in the fields of in operational support, sales, business support, and editorial (which constitutes 20,63% of employees of the company as of December 30, 2025) between January 20,2026 and February 28, 2026.

The reason for conducting group layoffs is the ongoing transformation of the digital operations segment within the Agora Capital Group, which in its current operating model is not effective. In order to align with prevailing market conditions and the financial capabilities of the Agora S.A. Capital Group, a decision has been taken to eliminate certain positions, discontinue roles with overlapping responsibilities, and automate selected processes, thereby reducing the overall demand for labor.

Wyborcza, Gazeta.pl and Eurozet Consulting shall go through these changes in a thought out manner and with care for its employees, offering the dismissed employees statutory severance payments and additional protective and supportive initiatives, which shall be the subject of consultations with the trade union, works council and employee representatives.

On December 30, 2025, the Management Boards of Wyborcza, Gazeta.pl, and Eurozet Consulting will request the trade union operating within these companies, as well as their works council or employee representatives, to participate in consultations regarding the collective redundancy process, and will provide the relevant Labor Office with information on the intention to carry out group layoffs in Wyborcza, Gazeta.pl, and Eurozet Consulting.

The Management Board of Agora further informs that the employment restructuring within the Agora Capital Group will also cover Agora, which intends to terminate up to 20 employees in the areas of business and operational support, as well as Grupa Radiowa Agory sp. z o.o. (“GRA”) and Eurozet sp. z o.o. (“Eurozet”), where the restructuring will affect a total of up to 10 employees in the areas of operational support, sales, business support, and editorial. In these companies, the restructuring will not constitute group layoffs due to the number of employees affected, which does not exceed the thresholds specified in the Act on Special Rules for Termination of Employment for Reasons Not Attributable to Employees. Notwithstanding the above, Agora, GRA, and Eurozet plan to carry out terminations under conditions analogous to those agreed between Wyborcza, Gazeta.pl, and Eurozet Consulting and the trade union operating in those companies, as well as with works council and employee representatives, within the framework of the group layoff procedure.

In total, the Agora Capital Group will terminate up to 166 employees as part of the employment restructuring, representing 6.56% of the Group’s workforce.

Agora S.A. will publish a further regulatory filing on group layoffs after the legally required consultations with the trade union and the works council or employee representatives operating at Wyborcza, Gazeta.pl, and Eurozet Consulting have been finalized. This filing will include information on the estimated amount of the provision related to employment restructuring, which will impact the Agora Group’s results in the fourth quarter of 2025. The final figures regarding the amount of the provision and the effect of the employment restructuring on the Agora Group’s financial results will be disclosed in the consolidated financial statements of the Agora S.A. Capital Group for the year ended December 31, 2025.

Legal basis: article 17, paragraph 1 of the Regulation of the European Parliament and Council Regulation (EC) No. 596/2014 of April 16th, 2014 on market abuse (Regulation on Market Abuse) and repealing Directive 2003/6/EC of the European Parliament and of the Council and the Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC (Acts. Office. EC L 173, 06.12.2014).