4MASS S.A. announces that on January 21, 2020, it filed an application with the Warsaw Stock Exchange ("WSE"). ("WSE") an application to list 32,324,016 series D shares ("Series D Shares") on the NewConnect market operated as an alternative trading system ("ATS"). The Company announces the next steps prior to the listing of the Company's Series D Shares.

According to § 5 of the Regulations of the Alternative Trading System, within 10 business days of the Company's submission of an application for introduction, the WSE will decide whether to introduce the Company's shares to the alternative trading system on NewConnect or ask the Company for additional information or supplementary documents. After the Company has submitted clarifications, if any, the WSE will again have 10 business days to decide whether to introduce the Company's shares or to request further clarifications from the Company.

After the Warsaw Stock Exchange completes its verification of the documents, the Company's information document will be posted on the NewConnect website and the WSE Board will adopt a resolution to introduce the Company's Series D Shares to the alternative trading system on the NewConnect market. 

After the WSE Board adopts the aforementioned resolution on the introduction, that is, after the Company's Series D Shares are introduced to trading, the Company will apply for the designation of the first day of listing of Series D Shares in the alternative trading system - the NewConnect market. In accordance with the practice of the WSE, the date of the first listing of the Series D Shares will be proposed no earlier than 5 business days after the introduction of the Company's Series D Shares to trading and the publication of the information document. On the date specified in the proposal, the listing of the Company's Series D Shares in the alternative trading system - NewConnect market will commence.