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31/2017 Conclusion of an Annex to the conditional agreement

The Management Board of CPD S.A. (hereinafter “the Company”), in pursuance to the current report no. 3/2017 of 1 March 2017 on conditional investment agreement for a joint venture realization of complex buildings with services and associated infrastructure in Warsaw’s Ursus district (hereinafter “the Investment Agreement”), as well as in pursuance to the current report no. 25/2017 that contains information i.a. about arrangements made by the parties in order to introduce formal changes to the agreement in connection with lack of obligation to acquire consent of the President of the Office for Protection of Competition and Consumers for entry Unidevelopment S.A. to the Limited Partnership, hereby informs about signing today of the Annex to the Investment Agreement (hereinafter “the Annex”).

By the above Annex it is confirmed that no consent of the President of the Office for Protection of Competition and Consumers is required for entry of Unidevelopment S.A. to the company 4/113 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. (hereinafter “the Limited Partnership”) and for realisation of the aforementioned undertaking with the capital group CPD S.A.

In consideration of the foregoing, on 2 August 2017 Unidevelopment S.A. entered the Limited Partnership, in which 50% of shares is held by Unidevelopment S.A., as a result of and on that day the Investment Agreement became effective.

The Company further informs that on 2 August 2017 Gaston Investments Sp. z o.o. sold all the rights and obligations of the general partner in the company 4/113 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. to Smart City Sp. z o.o., which Smart City sp. z o.o. entered the Limited Partnership as the general partner and further the name of the Limited Partnership changed its name to Ursa Park Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa.

Legal basis:

Article 17.1 MAR – Inside information

Signatures of the persons entitled to representation:

1. Elżbieta Donata Wiczkowska, President of the Board, 2 August, 2017

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