32/2013 Registration of Series E Shares on securities accounts and increase of the share capital.

Board of Celtic Property Developments SA (The “Company”) announces that on 16 July 2013, the Company received information about enrolling series E shares in the accounts of persons authorized and the creation of rights of such shares in accordance with Art. 452 of the Code of Commercial Companies, as a result, the share capital of the Company.

Accordingly, the share capital of Celtic Property Developments SA was increased by the amount of 8 877.60 PLN up to 3.439.626,4 PLN (in words: three million four hundred thirty nine thousand six hundred twenty-six and forty cents). The increased share capital of Celtic Property Developments SA is divided into 34.396.264,40 (in words: thirty four million three hundred ninety six thousand two hundred sixty four and forty groszy) shares with a nominal value of PLN 0.10 (ten groszy) each, representing 100% of the votes at the General Meeting of the Company.
Issuance of Series E shares was carried out on the basis of Resolution No. 4 of the Extraordinary General Meeting of Celtic Property Developments SA of 10 January 2013, as part of the conditional increase of the share capital of the Company, which was registered by the District Court for the Capital City of Warsaw, XIII Commercial Division of the National Court Register on 19 April 2013, as announced in the Company Current Report No. 19/2013.

Signatures of persons authorized to represent the Company:

1. Elżbieta Donata Wiczkowska, Board Member, July 17, 2013
2. Piotr Sylwester Turchoński, Proxy, July 17, 2013