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GENERAL MEETING

THE SUWARY SPÓŁKA AKCYJNA MANAGEMENT BOARD NOTICE OF CONVENING AN ORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD AT 1 PM, ON MARCH 8, 2017 IN PABIANICE, PIOTRA SKARGI 45/47

15.02.2017

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Current report 17/2011 The completion of subscription and sale of the C Series Shares.

The Management Board of Suwary S.A. informs that the issue of 419 550 C Series Shares of the nominal value PLN 2.00 each was effected through private offering on the basis of: 1) Resolution No. 4 and 5 dated February 15th 2011 of the Extraordinary General Meeting of Shareholders of ‘Suwary” S.A. with its registered office in Pabianice on granting authorisation to increase share capital within the Authorised Capital Limits and amend the Company’s Articles of Association to the Management Board 2) “Resolution No 9 dated March 24th 2011 of the Management Board of the Company acting under the business name “Suwary” Spólka Akcyjna with its registered office in Pabianice on: (i) increasing the share capital of the Company by issuing the C Series Shares with the exclusion of the pre-emptive rights within the Authorised Capital Limits referred to Article 7a of the Articles of Association (ii) application for the admission and introduction of the C Series Shares issued to trading in the regulated market and their dematerialisation and (iii) amending the Company’s Articles of Association” and 3) “Resolution No. 9/2011 dated March 25th 2011 of the Supervisory Board of the Company acting under the business name Suwary Spółka Akcyjna with its registered office in Pabianice on approval for: (i) fixing by the Management Board the Issue price of the C Series Shares issued within the Authorised Capital Limits on the basis of the Resolution No. 9 of the Management Board dated March 24th 2011 and (ii) depriving the shareholders of their pre-emptive rights to the above mentioned shares” In parallel with the process of increasing the share capital through issuing the C Series Shares the process of splitting the shares in the proportion 1 : 5 (the split) is implemented. As of the date of this report the nominal value of the shares quoted at Giełda Papierów Wartosciowych is PLN 10.00 and they are quoted at the price from before the split. In turn, the investors took the C Series Shares after the registration of the change in the nominal value of the shares from PLN 10.00 to PLN 2.00 each in the court of registration. On April 18th 2011 the Management Board of KDPW took a resolution on changing the nominal value of Suwary S.A. shares, about which the Company informed in its current report 16/2011 dated April 18th 2011. Thus, the Company publishes the following information: 1. The C Series Shares were issued under private subscription, whose completion did not require the preparation of the Issuing Prospectus. 2. The C Series Shares will be the subject of application for the admission and introduction of the C Series Shares issued to trading in the regulated market at Giełda Papierów Wartosciowych w Warszawie S.A. 3. The date of the commencement and completion of the subscription: the subscription commencement date: March 30th 2011 the subscription completion date: April 6th 2011-04-19 4. The Company informs that the share issue was completed through private subscription, i.e. by concluding share subscription agreements with the investors with whom the share subscription offer had been placed. Thus, under the above mentioned private subscription, there was no allocation of shares in the meaning the Code of Commercial Companies. At the same time the Company explains that all shares were taken on the conclusion of the last of the agreements signed, i.e. on April 6th 2011. 5. The number of the shares included in the subscription: 419 550 C Series Shares of the nominal value PLN 2.00 each 6. Reduction rates in individual tranches if, even in one of the tranches, the number of the shares allocated was lower than the number of shares in the subscription order. Due to the type of subscription, no reduction took place. 7. The number of shares covered by the subscription offer: In the subscription offer 419 550 C Series Shares of the nominal value PLN 2.00 each were offered. The C Series Shares Issue was completed through private subscription in which investors do not subscribe for shares, but they conclude a share subscription agreement. 8. The number of shares taken under the subscription completed: Under the subscription 419 550 C Series Shares of the nominal value PLN 2.00 each were taken. The C Series Shares issue was completed through private subscription in which the shares are not allocated in the meaning of the Code of Commercial Companies. 9. The issue price at which the shares were taken: PLN 16.10 (sixteen 10/100 zlotys) for one share of the nominal value PLN 2.00. The investors acquired shares of the nominal value PLN 2.00, i.e. shares after the split in the proportion 1: 5 (the split). The share price prior to the split would have been PLN 80.50. 10. The number of entities with which the C Series Shares subscription offer through private subscription was placed: Under private subscription the C Series Shares were offered to 12 entities. No distinction between tranches was made. 11. The number of entities which took the C Series Shares: The subscription for the C Series Shares was completed through private subscription in which there is no allocation of shares in the meaning of the Code of Commercial Companies. The agreement for the C Series Shares subscription was concluded by 12 entities in total: No distinction between tranches was made. 12. The names (business names) of the underwriters who took the shares under the execution of underwriting agreement, with the specification of the number of shares taken by them including the actual price of one share (i.e. the issue price or the sale price after the deduction of remuneration for taking up shares under the execution of underwriting agreement acquired by an underwriter) : The Company did not conclude underwriting agreements. 13. The value of the subscription completed (i.e. the product of the number of the C Series Shares offered and the issue price of one share): PLN 6 754 755.00 14. The total value of the estimated costs which were included in the share issue costs by the date of preparation of this information is: PLN 189 823.93, out of which: a) the costs of preparation and completion of the offer – PLN 175 868.88 b) the costs of remuneration for underwriters – PLN 0.00 c) the costs of preparation of the Issuing Prospectus including consultancy costs – PLN 0.00 d) the offer promotion costs – PLN 0.00 e) other costs of the share issue ( registration fees, stamp duty, notary fee) amounted to PLN 13 955.05. Due to the fact that the share issue costs have not yet been settled finally, their value was estimated and included in the share issue costs in accordance with our best knowledge. More precise data will be presented in the interim report on the first half-year of 2011. The accounting method and the accounting treatment in the financial report: pursuant to the Accounting Act, Article 36 section 2 point 2b , the C Series Shares Issue costs in the books will be settled by decreasing the share premium. These costs will be reported in the financial statement under the item “ supplementary capital”, and their remaining portion will be charged to the Company. 15. The average cost of the subscription completion per one C Series Share covered by the subscription: In accordance with the costs as of April 14th 2011 the average cost of the C Series Shares subscription completion per one C Series Share covered by the subscription amounts to PLN 0.45. Legal basis: § 33 section 1 of the Minister’s of Finance Regulation dated February 19th 2009 on the current and periodic information submitted by securities issuers and the conditions for recognizing as equivalent the information required by the regulations of a non-member state (Journal of Laws 2009, No. 1, position 259).

2011-04-20

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