Answear com S A : .com begins the process of building a book of demand for new issue shares

Answear.com, a leading e-commerce offering fashion and home&lifestyle products in the Central and Eastern European region, is starting the process of building a book of demand for series L shares offered through a public offering exempt from the obligation to publish a prospectus. Book building will last until October 26. The issue price will be determined no later than October 27 at 9:00, with the maximum amount set at PLN 29 per share.

- In our opinion, this issue provides an opportunity to invest in a company that has a specific development plan regarding the use of funds from the offer. All this is aimed at ensuring long-term growth and building the value of the Company. We are confident that investors will be interested because we are a reliable company and already during the IPO we proved that we can achieve our goals - comments Krzysztof Bajołek, President of the Management Board of Answear.com.

Acquisition of PRM and Sneakerstudio carried out at the turn of the first and second quarter of this year. significantly strengthened the position of Answear.com as one of the leading entities in the fashion e-commerce industry operating on the markets of Central and Eastern Europe. Additionally, the Company has opened up to a new, extremely attractive segment of premium sneakers & streetwear, thanks to which it reaches a new group of customers, in particular representatives of Generation Z and Alpha.

The Company intends to allocate the raised funds to the development of the PRM brand, including expanding the product offer, opening and developing operations in new markets, as well as marketing expenses related to acquiring new customers and rebranding.

Forum X, which is related to the Company's CEO Krzysztof Bajołek, plans to take part in the offering and acquire L-series shares in a number that will at least maintain Forum X's current level of involvement in the Company's share capital and total number of votes.

The company is supported by mBank in implementing the transaction. The Issuer's legal advisor in the transaction is CK LEGAL Chabasiewicz Kowalska i Wspólnicy S.K.A. Pursuant to the placement agreement, mBank is responsible for organizing and conducting the offering of series L shares.

Planned schedule of the Answear.com Offer:

October 25, 2023 at 9:00	Start of the book-building process.
October 26, 2023 no later than 23:59	Completion of the book building process.
No later than October 27, 2023 at 9:00	Determining the issue price.
November 3, 2023	End of subscription and confirmation of payments from investors.

The dates for the Offer, specified in the Schedule, may change. If the dates of the Offer are changed, the Company will make the modified Schedule public.