16/2012 Completion of the liquidation process of the subsidiary

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (The Company), in relation to the current report No 19/2011 published on 29 July 2011, hereby announces, that today was informed that on 15 June 2012 the District Court for the Capital City of Warsaw, XIII Commercial Division of the National Court Register, issued a decision on the remove from the National Court Register of the company Darvest Investments Sp. z o.o. w likwidacji, headquartered in Warsaw, (KRS 0000243785; REGON 140282197; NIP 5272487734), a subsidiary of Celtic Property Developments S.A., with regard to the completion of its liquidation process.

Legal basis:
Article 56.1.2 of the Act on Public Offering and Conditions for the Introduction of Financial Instruments to the Organized Trading System, and on Public Companies of July 29, 2005 – current and periodic information

Signatures of persons entitled to representation:
1. Andrew Morrison Shepherd, President of the Management Board, 2 July, 2012
2. Elżbieta Donata Wiczkowska, Member of the Management Board, 2 July 2012