BEST has upsized its AF1 series bond issuance from an initial PLN 90 million to over PLN 134 million, with total demand exceeding PLN 193 million. The first public bond offering this year by Poland’s second-largest claim management company has attracted strong investor interest, resulting in a margin of 3.20 percentage points above WIBOR 3M. The bonds have been preliminarily allocated to 1,599 investors.

The AF1 series public bond offering marks BEST’s first transaction under its new public bond issuance programme with a total value of up to PLN 500 million, based on a prospectus approved by the Polish Financial Supervision Authority in early February this year. The bonds were offered at a nominal value of PLN 100 each and a total nominal value of up to PLN 90 million, with the option to increase the offering to a maximum of PLN 140 million.

The subscription period ran from 3 to 16 March, with total subscriptions exceeding PLN 193.5 million. As part of the subscription process, investors specified their minimum acceptable margin (over WIBOR) within a range of 3.10 to 3.50 percentage points. Based on this demand, BEST allocated bonds totalling PLN 134.2 million. At this level, the demand supported pricing at a margin of 3.20 percentage points, close to the lower end of the range set out in the terms of the issuance. This represents a decrease of 0.3 percentage points compared with the Group’s most recent issuances. The bonds were conditionally allocated to 1,599 investors. The issuance date has been set for 24 March.

“Robust investor demand for BEST bonds has allowed us to secure funding well above the initially targeted PLN 90 million, on favourable terms. We have observed strong participation from institutional investors, who will take up a substantial portion of the issuance. Importantly, this strong result was achieved in a particularly challenging market environment. We see this as a clear vote of confidence in BEST as a credible issuer and recognition of the growing scale of our operations. As previously announced, public bond issuances targeted at a broad investor base will remain one of the key sources of financing for our continued growth,” commented Marek Kucner, Vice President of BEST S.A.

Michael / Ström Dom Maklerski S.A. acted as the investment firm coordinating the offering. Subscriptions for BEST bonds were also accepted by Dom Maklerski BDM S.A., Dom Maklerski Banku Ochrony Środowiska S.A. and Noble Securities S.A.

Consistent with its previous public bond issuances, BEST intends to list the AF1 series bonds on the Catalyst regulated market, with admission to trading expected in April this year.

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Information on BEST

The BEST Capital Group is one of the largest debt collection companies in Poland, actively investing in non-performing claims portfolios through investment funds. BEST S.A. has been listed on the Warsaw Stock Exchange (GPW) since 1997.

BEST S.A., as a member and co-founder of the Association of Financial Companies in Poland, and a co-founder and moderator of the Good Debt Collection Practices, actively contributes to the development and shaping of the claims market in Poland.

The BEST Capital Group aims to become a leading player in the claim management sector in Europe. Outside Poland, the Group has operated in Italy since 2017 and, following its merger with Kredyt Inkaso in 2025, also operates in Romania and Bulgaria.

For more details, go to www.best.com.pl or contact us:

NBS Communications

e-mail: [email protected]

Krzysztof Woch | Phone: +48 516 173 691

Maciej Szczepaniak | Phone: + 48 514 985 845

IMPORTANT INFORMATION

This communication does not constitute a prospectus as defined in Regulation (EU) 2017/1129 (the “Prospectus Regulation”). The information contained in this communication constitutes an advertisement as defined in the Prospectus Regulation. The information presented in this communication is subject to change. No person may rely, for any purpose, on the information contained in this communication or on its accuracy, fairness or completeness.

This communication is not for publication or distribution, directly or indirectly, in the United States of America. This communication and any subsequent offering of securities may be subject to restrictions under applicable laws in certain jurisdictions. Persons receiving this communication should acquaint themselves with, and comply with, any such restrictions. Non-compliance with such restrictions may result in a breach of applicable securities laws in the relevant jurisdiction. This communication neither constitutes nor forms part of any offer to sell or issue, or any solicitation of an offer to purchase or subscribe for, any securities, and neither this communication (nor any part of it) nor the fact of its distribution shall form the basis of, or be relied upon in connection with, any contract.

The prospectus approved on 9 February 2026 by the Polish Financial Supervision Authority, including any supplements and update notices (the “Prospectus”), is the sole legally binding offering document containing information relating to the Company and the bonds, as well as their admission to trading on, and listing on, the regulated market for debt securities (Catalyst) operated by Warsaw Stock Exchange S.A. The Prospectus has been published, and the final terms of the bond issuance will be published on 2 March 2026 on the Company’s website www.best.com.pl and, for information purposes only, also on the website of Michael / Ström Dom Maklerski S.A. at www.michaelstrom.pl. The approval of the Prospectus by the Polish Financial Supervision Authority does not constitute an endorsement of the securities offered or admitted to trading on the regulated market. Prospective investors are advised to read the Prospectus and the final terms of the bond issuance prior to making any investment decision, in order to fully understand the potential risks and benefits associated with investing in the securities described in the Prospectus and the final terms. Prior to subscribing for or acquiring any securities, persons who have access to this communication should ensure that they fully understand and accept the risk factors set out in the published Prospectus and the final terms of the bond issuance. This communication does not constitute a recommendation to purchase the bonds. The value of the bonds may rise or fall.