Notification received pursuant to art. 69 of the Act on Public Offering.

ELEKTROTIM S.A. with its seat in in Wrocław (hereinafter: the Company) informs that on May 16, 2023, it was notified by Powszechne Towarzystwo Emerytalne Allianz Polska Spółka Akcyjna with its registered office in Warsaw, managing Allianz Polska Otwarty Fundusz Emerytalny (hereinafter: Alli-anz OFE), that pursuant to Art. 69 sec. 1 of the Act of August 28, 1997 on the organization and opera-tion of pension funds (i.e. Journal of Laws of 2022, item 2342, as amended) on May 12, 2023, as a re-sult of the liquidation of the Second Allianz Polska Otwarty Fundusz Emerytalny (hereinafter: Second Allianz OFE) by transferring its assets to Allianz OFE, share in the total number of votes of ELEKTRO-TIM S.A. on Allianz OFE accounts was above 5%.