Report 5/2020

In Report No. 25/2019 of October 10, 2019, the Management Board of EMC Instytut Medyczny S.A. (hereinafter referred to as the "Company") announced that negotiations with the Staroste of the Kamieński District had started in order to determine the conditions of possible sale to the Kamieński District of an organized part of the Issuer's enterprise, i.e. St. George’s Hospital in Kamień in Kamień Pomorski, at a token price. However, the negotiations have not led to an agreement between the Company and the Kamieński District, therefore on February 7, 2020,  the Company informed the Staroste of the Kamieński District the Hospital  was going to be closed down on March 31, 2020 as well as repeating  the offer to sell the organized part  of Issuer's enterprises i.e. St. George’s Hospital in Kamień Pomorski, at a token price to the Kamieński District.

The proposal to sell the Hospital results from the fact that the Company is no longer able to provide hospital service to the extent expected by the District authorities, as well as from social responsibility and concern for the welfare of the residents of the Kamień District.

If the final offer of the Company is not accepted by the authorities of the Kamieński District, the Company reserves the right to amend the above, bearing in mind the well-being of patients and residents of the Kamieński District.