44/2013 Appointment of Board Members

Board of Celtic Property Developments SA (the Company) announces that the September 25, 2013 , the Supervisory Board of the Company, adopted Resolution No. 2/IX/2013 appointing Ms. Iwona Makarewicz , Mr. Piotr Turchoński and Mr. Colin Kingsnorth to act as members of the Board of the current term .

The Supervisory Board appointed the President of the Board Ms. Elżbieta Wiczkowska.

Mr. Piotr Turchoński and Ms. Iwona Makarewicz were appointed Members of the Management Board, with effect from 25 September 2013.

Mr. Colin Kingsnorth starts carry out its mandate from the start of the next General Meeting, whose agenda will include a section on changes in the composition of the Supervisory Board.

As a result of the changes , the composition of the Board of the Company as at 25 September 2013 are as follows:

1 ) Mrs. Elżbieta Wiczkowska – President ;
2 ) Ms. Iwona Makarewicz – Member of the Board ;
3 ) Mr. Piotr Turchoński – Member of the Board

Legal basis : § 5 . 1 point 22 and § 28 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the law of a non -Member State.

Signatures of persons authorized to represent :

1. Iwona Makarewicz , Board Member, September 25, 2013
2.Piotr Turchoński , Board Member, September 25, 2013