2/2012 Appointment of the auditor

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (hereinafter “the Company”) hereby announces that on 14 March 2012 the Supervisory Board adopted the resolution on appointment of CSWP Audyt. z o.o. with the corporate seat in Warsaw, ul. Nowy Świat 49, registered under the number 3632 on the list of entities entitled to audit financial statements kept by the National Council of Statutory Auditors, as auditor entitled to:

– Audit the stand-alone financial statements of Celtic Property Developments S.A. for the financial year ending on 31 December 2012;
– Audit the consolidated financial statements of Celtic Property Developments S.A for the financial year ending on 31 December 2012;
– Review the mid-year stand-alone financial statements of Celtic Property Developments S.A. as of 30 June 2012;
– Review the mid-year consolidated financial statements of Celtic Property Developments S.A. as of 30 June 2012;

The agreement with CSWP Audyt. z o.o. will be concluded for the period necessary to complete the works provided therein.

Legal basis:
Art. 5.1.19 of the Decree of Minister of Finance dated 19th of February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by law of non-member state.

Signatures of persons entitled to representation:
1. Elżbieta Donata Wiczkowska, Member of the Board, 22 March 2012
2. Christopher Bruce, Member of the Board, 22 March 2012