19/2013 Registration of conditional increase of the share capital of Celtic Property Developments SA

Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. would like to inform that on 25 April 2013 it received the judicial decision dated April 19, 2013 issued by the District Court for the Capital City of Warsaw in Warsaw 13th Commercial Division of the National Court Register which supplements the judicial decision of the said Court dated February 7, 2013. Under this decision the conditional increase of the share capital by the amount of up to 8,877.60 zlotys was registered at the National Court Register, adopted on the basis of resolution no 4 of the Extraordinary General Meeting of CELTIC PROPERTY DEVELOPMENTS S.A. dated January 10, 2013 on the conditional increase of the Company’s share capital with the exclusion of the pre-emption right with respect to shares Series E, amendment to the Articles of Association of the Company, deprivation of current shareholders of the pre-emption right with respect to the shares Series E, dematerialization of the shares Series E and application to admit and introduce the shares Series E to the regulated market, the content of which was provided by the Company in its current report no 2/2013.

Conditional increase of the share capital shall be effected in the form of issue of bearer shares series E with the nominal value of 10 gr (ten groszy) each, in the number not exceeding 88 776 (eighty eight thousand seven hundred seventy six). Conditional increase of the share capital shall be performed in order to enable persons who hold subscription warrants series B to exercise the right to take up no more than 88 776 Shares series E. Entitled persons shall be the members of the Company’s Management Board specified in the above resolution. Shares series E shall be created upon exercising by the above persons of their rights following from the subscription warrants series B, and this fact shall be communicated by the Company in a relevant current report.

In connection with the registration of the conditional increase of the share capital referred to above, the amendment to the provisions of Articles of Association of CELTIC PROPERTY DEVELOPMENTS S.A. was also registered, which consists in the deletion of the current § 4b and adding of § 4c of the Company’s Articles of Association with the following wording: “On the basis of resolution no 4 of the Extraordinary General Meeting of 10 January 2012 the share capital has been conditionally increased by the amount not exceeding 8,877.60 zlotys (in words: eight thousand eight hundred seventy seven 60/100 zlotys) by the issue of no more than 88 776 (in words: eighty eight thousand seven hundred seventy six) Company’s ordinary bearer shares series E, with the nominal value of 0.10 zlotys (in words: ten groszy) each and the total nominal value not exceeding 8,877.60 zlotys (in words: eight thousand eight hundred seventy seven 60/100 zlotys).”

In connection with the court registration of the above described changes, CELTIC PROPERTY DEVELOPMENTS S.A. provides the attached uniform wording of the Company’s Articles of Association which include the above changes, provided also in the current report no 2/2013 as included in the content of resolution no 5 of the Extraordinary General Meeting of CELTIC PROPERTY DEVELOPMENTS S.A. of 10 January 2013.

Legal basis: § 5 par. 1 subpar. 9 and § 38 par. 1 subpar. 2) of the regulation of the Minister of Finance on the current and periodic communications.

Signatures of persons entitled to representation:

1. Elżbieta Donata Wiczkowska, Member of the Management Board, 26 April 2013
2. Aled Rhys Jones, Member of the Management Board, 26 April 2013