Date of preparation: 2020-03-17

Current report no. 3/2020

Date of issue: 17-03-2020

Name of issuer: TALEX

Subject: Impact of the  coronavirus (COVID-19) pandemic on the Issuer's operations

Legal basis: Art. 17 (1) of the proposed MAR – confidential and periodical information

The content of the report:

The Management Board of Talex S.A. informs that it monitors on an ongoing basis the impact of the COVID-19 pandemic on the functioning of the Company, including the provision of services provided by the Company to its clients.

In order to ensure uninterrupted and smooth operations, the Company's business continuity plans have been implemented, to the extent appropriate to the situation.

Out of a sense of responsibility for the Company's operations and in particular with a view to minimizing the risk of contagion concerning the Company's employees and persons with whom the employees may come into contact in the performance of their duties, the Management Board of Talex decided that as from 10 March 2020 the maximum possible number of employees will work remotely. At present, the adopted mode of work does not significantly interfere with the functioning of the Company and allows to ensure continuity of the provision of most services to its customers.

At the same time, the Company's Management Board points out that given the atypical nature of the current situation, as well as its dynamic development including the introduction of legal regulations, it is currently impossible to determine the actual impact of the situation on the future functioning of the market, including the Company itself and its future financial results.

In case of unforeseen events related to the COVID-19 pandemic that materially affect the Company's operations and future financial results, the Company will provide relevant information in a current report.