Conclusion of Subscription of Ordinary Shares for Series D

This corporate notification details the successful conclusion of a private subscription for Series D ordinary bearer shares by 11 bit studios S.A. The primary objective of the issuance was to increase the company's share capital through a private placement, which excluded pre-emptive rights for existing shareholders. The subscription period officially commenced on December 5, 2011, and concluded ahead of schedule on December 23, 2011, following the execution of the final share subscription agreements.

The offering was targeted at a specific group of 64 potential investors, with 10 investors ultimately entering into agreements to acquire the shares. While the company initially authorized the issuance of up to 500,000 shares, the final subscription resulted in the placement of 40,938 shares. Each share, carrying a nominal value of 0.10 PLN, was issued at an emission price of 9.00 PLN. Because the process was conducted as a private subscription, no formal share allotment reduction was necessary.

Financial data indicates that the total costs associated with the Series D issuance amounted to 46,722 PLN. This figure includes 41,722 PLN for offer preparation and notary fees, and 5,000 PLN for advisory services and the preparation of information documents. No costs were incurred for underwriting or promotion. Accounting for these expenses follows standard Polish accounting regulations, where costs are initially recorded as prepayments and subsequently settled against supplementary capital following the formal registration of the capital increase. This issuance reflects the company's early-stage financing activities within the Polish capital market framework.