PROPOSAL FOR SALES OF SHARES

Management Board of Celtic Property Developments S.A. with its registered office in Warsaw, acting on the basis of Resolution no 5/I/2013 of the Management Board of the Company on the buy-back of the Company’s own shares, in connection with the Resolution 3 of the Extraordinary General Meeting of the Company of 10 August 2012 on the buy-back of the Company’s own shares for the purpose of redemption, would like to invite the Company’s shareholders to submit proposals for the sales of shares in accordance with the terms and conditions as specified in this Invitation to Submit Proposal for Sales of Shares.

Full content of the Invitation to Submit Proposals for the Sales of Shares constitutes the appendix Current report No. 14/2013 and is announced to public on the Celtic’s website (http://www.celtic.pl/en/investor-relations/market-filings/current-reports/information-on-the-invitation-to-submit-proposals-for-the-sales-of-the-companys-shares).