Current report No. 8/2024

Legal basis: Article 17 of MAR - inside information

The Board of Directors of Allegro.eu SA (the "Company”) hereby informs that Allegro sp. o.o., a wholly owned indirect subsidiary of the Company, signed an agreement on 2 April 2024 (the “Agreement”) with RUCH S.A. (the “RUCH”), which offers the delivery service to the ORLEN Paczka network.

As part of the ongoing cooperation between Allegro and RUCH, in operation since 2017/2018, the Parties signed the latest Agreement referring to (i) deliveries to RUCH’s ORLEN Paczka out-of-home network of automated parcel machines (“APMs”) and pick-up drop-off points (“PUDOs”), and (ii) deliveries to Allegro’s out-of-home network of One Box and One Point. The Agreement includes a volume declaration for RUCH.

RUCH's fees set out in the Agreement will remain fixed until the end of 2024 and then adjusted by the formula outlined in the Agreement in January of each subsequent year. The formula at hand is based on the changes in macroeconomic factors, namely the inflation rate, average wage, and diesel prices. The technical conditions of deliveries to Allegro’s One network are to be agreed between the Parties separately.

The Agreement is concluded for a definite term until the end of 2030 with a 12-month termination period, whereas termination is not possible earlier than 36 months from the date of signing the contract. From 2025 onward, the contract envisages rebates, surcharges and earlier termination in the event of significant discrepancies between declared and actual volumes or quality underperformance. In turn, RUCH shall maintain certain capacity and service levels for the term of the Agreement and further APMs network development in Poland.

Furthermore, both Parties committed to further their cooperation in developing new services and identifying operational synergies. The parties also agreed to provide mutual marketing services throughout the Agreement, including placing the Allegro brand on ORLEN Paczka lockers.

The Agreement is part of the Company's ongoing efforts to scale and diversify the network of APMs and PUDOs through expanding cooperation with its logistics partners as well as increasing utilisation of the Company's own APM network.

Allegro.eu is a Luxembourg public limited company (société anonyme), registered office: 1, rue Hildegard von Bingen, L-1282 Luxembourg, Grand Duchy of Luxembourg, Luxembourg Business Register: B214830