Summa Linguae S A : 56/2020 Arrangement of the material terms and conditions of sale of shares in EXFLUENCY GmbH by the Company

The Management Board of Summa Linguae Technologies S.A. based in Krakow ("Issuer", "Company") hereby announces the launch of negotiations regarding the sale by the Company to EXFLUENCY GmbH with its registered office in Zug (Switzerland) ("Exfluency") of 39 shares in the share capital of Exfluency, representing 19.5% of the share capital of Exfluency ("Shares") ("Transaction"), and the arrangement by Exfluency and the Company of the material terms and conditions of the Transaction on 15 December 2020.

The total price for the shares will be EUR 1,000,000.17 (PLN 4,440,000.75, in accordance with the average exchange rate announced by the National Bank of Poland as at 15 December 2020, i.e. 4.44) ("Price"). The final structure and detailed terms and conditions of the Transaction will be covered by a share sale agreement whose conclusion will be announced by the Company in another current report.

The sales price of the Shares does not meet the materiality criterion adopted by the Company. The Company decided to publish this information in reference to Current Report 36/2019 of 23 September 2019 to preserve disclosure transparency as regards changes in the Company Group.

The Company's representatives,
Krzysztof Zdanowski, CEO

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