50,000 Series A Ordinary Bearer Shares of Woodpecker.co S.A. are subject to a Lock-Up Agreement Ending on 14-SEP-2023. These Series A Ordinary Bearer Shares will be under lockup for 730 days starting from 14-SEP-2021 to 14-SEP-2023.

Details:
It should also be noted that the subject of applying for admission to trading on NewConnect are to be all shares of the Company (provided that the condition concerning dispersion of shares is met), and the issue price of
series A shares was equal to the nominal value and amounted to PLN 0.10, i.e. a significant deviated from the Selling Price. The risk of supplying cheaper shares and shaping the quotation price below the Selling Price is limited by signing agreements between the company's employees covered by the incentive program, and a natural person and the company sale ("lock-up") of series A shares in the number of 100,000, which is 2.00% of the total number of shares owned by 12 persons for a period of 12 months (for 50,000 shares) and 24 months (for 50,000 shares) from the date of introduction of the shares to trading on NewConnect.