Information on the decision of the Director of the Tax Administration Chamber in Wrocław

(Current report no. 59/2019)

10.12.2019 /Issuer/

Legal basis:

Article 17 sec. 1w MAR - Confidential information

The Management Board of CCC S.A. ("Issuer") informs that on December 10, 2019 the proxy of the Issuer's subsidiary company - CCC.eu Sp. z o.o. with its registered office in Polkowice ("Company") received the final decision of the Director of the Tax Administration Chamber in Wrocław ("II Instance Body") of December 9, 2019. The Office, following an appeal filed by the Company, upheld the decision of the Head of the Lower Silesian Tax Office in Wrocław (the "Court of First Instance")
of 23 August 2019, according to which the Company is obliged to pay tax on civil law transactions with interest in connection with the acquisition of an organized part of the enterprise on the basis of a sales agreement of 1 October 2014 concluded between CCC Shoes & Bags Sp. z o.o. and CCC.eu
Sp. z o.o.

The Issuer created a provision for tax liabilities in the consolidated financial statements of the CCC Group for the first half of 2019, about which it as informed in the current report No. 49/2019 of
1 September 2019.

CCC.eu Sp. z o.o., after consulting its tax advisors, does not agree with the approach expressed in the decision of the Court of First Instance. The Company intends to take further procedural steps by lodging a complaint with the competent Voivodship Administrative Court in connection with the well-established jurisprudence of administrative courts with respect to the application of the tax on civil law transactions in similar facts.

Signatures:

1/ Marcin Czyczerski     - President of the Management Board

2/ Mariusz Gnych           - Vice-President of the Management Board