Current report no. 25/2020

Legal basis: Article 56 sect. 1 pt 2 of the Act on MAR Offering - current and periodic information.

Subject: Appointment of a managing person.

The Management Board of VRG S.A. with its registered office in Cracow (the "Company") informs that the Supervisory Board of the Company at a meeting held on June 2, 2020 adopted a resolution regarding the appointment of Mr. Mateusz Żmijewski to the Company's Management Board for a new joint term of office until August 31, 2020 and entrusted him during this period the function of the Vice President of the Management Board.

Resolution of the Company's Supervisory Board referred to above will enter into force at the beginning of the day following the day of the Annual General Meeting approving the Company's financial statements for the financial year 2019.


Information on the professional biography, education and qualifications of Mateusz Żmijewski.

Mateusz Żmijewski is a graduate of the Faculty of Management at the Cracow University of Economics. In the years 1998-1999 he worked as an insurance advisor in Rentier s. c., and in 2000 he was an analyst at BTW Investment Services. In 2000, Mateusz Żmijewski began working at Vistula S.A. successively at the positions of Financial Analyst, Deputy Chief Accountant and Chief Accountant. In the years 2003-2006 he was a Member of the Management Board of Vistula S.A., while in the period from January to July 2008 he was a Member of the Management Board of Reporter S.A. In July 2008 Mateusz Żmijewski was appointed Vice President of the Management Board of VRG S.A. (previous name of the Vistula Group S.A.)

In addition, in the past Mr. Mateusz Żmijewski was a member of the Supervisory Boards of W.KRUK S.A. and DCG S.A. subsidiaries of VRG S.A.

According to the submitted statement, Mateusz Żmijewski does not conduct any competitive activity against the Company and does not participate in a competitive company as a partner in a civil law partnership, partnership or as a member of a competitive capital company or a member of any competitive legal entity, and is not entered in the Register of Insolvent Debtors, kept on the basis of the Act on the National Court Register.