LARQ S.A. CURRENT REPORT 31/2017 Subject:

Execution of an Annex to a Significant Contract by the Issuer's Subsidiary

General Legal Basis:

Article 17 (1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Text of Report:

With reference to the Current Report 4/2016 of 29 January 2016, the Management Board of LARQ S.A. of Warsaw (the "Issuer") hereby informs that, today, the Issuer's subsidiary - NEXTBIKE POLSKA S.A. of Warsaw ("NEXTBIKE") signed an Annex to the Contract for the Łódzki Public Bike - ŁRP (as defined in the Report) with the City of Łódź (the "Contracting Authority") in order to extend the contract deliverable by additional 47 bike stations and 470 bicycle.

For putting those additional bike stations in operation, the Contracting Authority will pay the gross fee of PLN 6,749,998.92 to NEXTBIKE; the fee will be paid in installments over 2017-2019. NEXTBIKE will receive a flat monthly fee during the period when ŁRP is available for clients.

NEXTBIKE has provided a performance bond equal to 10% of the gross fee. The remaining terms and conditions of the Contract remain unaltered.

Report Date:

4 August 2017

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