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Preliminary estimates of the impact of the possible use of 'IP Box' on financial results

In reference to Current Report 23/2019 and Current Report 24/2019, LiveChat Software S.A. informs about the possible impact of applying preferential taxation of income generated by intellectual property rights ("IP Box") on the financial result.

Based on the analysis of the received "Individual Interpretation" and the structure of revenues in the first half of the financial year, the Company estimates that if a preferential tax rate is implemented, it may be applied to approx. 95% of revenues.

The Company notes that the Director of the National Treasury Information refused to issue an "Individual Recommendation" regarding the question: "Does the factual way of keeping the records presented by the Company meet the requirements referred to in art. 24e of the CIT Act? "