7/2015 Annex to the agreement of the subsidiary

The Board CPD SA (The “Issuer”) announces that in connection with:

• investment agreement signed September 10, 2014 year (the “Agreement”) for a joint venture in the field of realization of complex buildings with services and associated infrastructure in Warsaw’s Ursus concluded between: CPD S.A. in Warsaw, Challenge Eighteen sp. z o.o in Warsaw, 1/95 Gaston Investments Sp. z o.o sp. k. with its registered office in Warsaw, Lakia Enterprise Ltd in Nicosia (Cyprus) (the “Subsidiaries”), and Unibep S.A. Bielsko Podlaski, Unidevelopment S.A. in Warsaw.

• Decision No. DKK-31/2015, issued February 17, 2015 year by the President of the Office of Competition and Consumer Protection on the antitrust proceedings initiated upon Challange Eighteen sp. with its registered office in Warsaw, Smart City sp. z o.o. with its registered office in Warsaw and Unidevelopment SA with its registered office in Warsaw, approving the concentration, involving the establishment of a joint venture, Smart City in the organization sp. sp. k. with its registered seat in Warsaw (the “Limited Partnership”) through the Challenge Eighteen sp. z o.o., Smart City sp. with its registered office in Warsaw and Unidevelopment S.A. with its registered office in Warsaw.

March 9, 2015, an annex to the agreement of the Company in the organization of the Smart City sp. sp. k., under which Unidevelopment SA joined the Company’s limited partnership, as a limited partner, brought the first part of the contribution, and promised to bring the rest of the cash contribution by the date fixed in the investment agreement.

Signatures:

Elżbieta Donata Wiczkowska, President of the Board, 9 March 2015 r.