Conclusion of an addendum to the loan agreement of 29 November 2022 with Fashion Trends Group Sp. z o.o.

The Management Board of Answear.com SA ("Answear.com"), with reference to current report No. 5/2023 dated 9 February 2023, announces that on 22 February 2023, an annex to the Loan Agreement dated 29 November 2022 was concluded between Answear.com SA as lender and Fashion Trends Group sp. z o.o. ("Fashion Trends Group") as borrower ("Loan Agreement").

Under the above mentionned annex to the Loan Agreement ("Annex"), the parties agreed to increase the loan amount to a maximum of PLN 10,000,000 (ten million), except that under the second tranche, the amount of PLN 3,000,000 (three million) will be paid directly to Fashion Trends Group's supplier in order to settle Fashion Trends Group's liabilities towards that supplier. On the other hand, the third tranche of up to PLN 2,000,000 (two million), according to the Annex to the Loan Agreement, will be disbursed only if the conditions stipulated in the Annex to the Loan Agreement are fulfilled, with the provison that the final decision on the disbursement of the third tranche rests with Answear.com. The interest rate remains unchanged when compared to conditions agreed in the Loan Agreement. The second tranche of the Loan should be repaid by 31 August 2023, unless there is an event of default as indicated in the Loan Agreement.

Following the disbursement of the second tranche of the Loan, the total amount of loans disbursed to Fashion Trends Group will amount to PLN 8,000,000 (eight million).