Announcement of the Company’s Development Strategy for 2025–2028. The ultimate goal is to become the first Polish REIT listed on the Warsaw Stock Exchange.

September 30, 2025 CPD S.A. announced the adoption of its Development Strategy for 2025–2028, whose main objective is to create Poland’s first modern REIT (Real Estate Investment Trust), which will build value for shareholders through a diversified portfolio of properties generating stable, long-term rental income.

The Company’s development plans include building a diversified portfolio of commercial and specialty real estate worth at least 1 billion zlotys by the end of 2028. The Company plans to invest simultaneously in Poland, the U.S., and Europe.

CPD S.A.’s strategy is based on a combination—unique on a national scale—of Poland’s stable markets with high-growth segments in the U.S. and Europe, and its implementation will be based on four pillars:

Commercial Real Estate in Poland

Residential Rental Properties in Florida, USA

Real Estate for Technology Investments (High-Growth Segment)

Hotel Real Estate in Poland and Europe

“Our goal is to create Poland’s first modern real estate fund, which will give investors access to a diversified portfolio of global assets. We combine the security and stability of the Polish market with the growth potential of the U.S. market and the quality of European assets. This is a unique offering on the capital market,” says Rafał Kijonka, President of the Management Board of CPD S.A.

The strategy will be implemented through future share offerings, with an issue price of 3.2 PLN by the end of 2025, for a maximum of 9,000,000 shares, which will provide attractive entry terms for early investors, and subsequently through further share offerings by the Company.

In addition, the Company commits to implementing a shareholder-friendly dividend policy following the approval of the 2026 financial results, which calls for a progressive increase in dividend payouts up to 80% of net profit.

The growth path outlined above demonstrates that the Company is capable not only of achieving its goal of building a PLN 1 billion portfolio but also of generating a significant and growing stream of income for shareholders. The combination of dynamic portfolio growth and attractive, regular dividend income will make CPD S.A. an extremely attractive investment opportunity in the coming years, adds Rafał Kijonka.