Management Board decision on the sale of freight cars taken out of operational use

The Management Board of PKP CARGO S.A. under restructuring (the “Company”, “PKP CARGO”) announces that on September 9, 2025, based on the results of an electronic auction held as part of a procedure organized for the sale of  wracked railcars taken out of operational use (the “Wagons”), by Resolution No 228/2025, it decided to sell 6,696 Wagons for a total net price of PLN 123.3 million.

The finalization of the proceedings and conclusion of sales agreements will be possible after obtaining the consent of the Supervisory Board provided for §25 section 3 item 13 letters d and e of the Articles of Association of PKP CARGO S.A. On July 4, 2025, the Company obtained the consent of the Administrator and the Judge-Commissioner for the sale of the Wagons.

In the electronic auction procedure for the sale of 7,801 wagons, one bidder submitted an offer for 6 of the 7 parts (regions) specified in the procedure, offering a price in line with the minimum price set by the Judge Commissioner.

The sale of the remaining redundant wagons will be continued by PKP CARGO trough the announcement of further proceedings in the coming months.

The sale of freight cars taken out of operational use is one of the restructuring measures. The funds obtained will improve the Company’s financial liquidity, including the implementation of further recovery measures aimed at permanently improving its financial situation.