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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 46/2011 Signature of an Annex to the Preliminary Agreement of Kartpol Group Sp z o.o. Share Transfer

The Management Board of Suwary S.A. in Pabianice (“the Company”) informs that on December 22nd 2011, in connection with the conclusion of a preliminary agreement with Mr Szczepan Kwiatek (“the Seller”), of which the Company notified in its Current Report 42/2010 dated September 20th 2010, the Company signed Annex 1 to this preliminary agreement (“the Annex”) of the sale of 11 shares (“the Shares”) in Kartpol Group sp z o.o. of the nominal value PLN 500 each. Pursuant to the signed Annex to the preliminary agreement of the sale of 11 shares, the Parties to the Agreement decided on the following new share transfer schedule: 1) the sale of 3 (in words: three) Shares shall be effected by December 30th 2011 at the latest; 2) the sale of 3 (in words: three) Shares shall be effected by 30 December 2012 at the latest 3) the sale of 3 (in words: three) Shares shall be effected by 30 December 2013 at the latest 4) the sale of 3 (in words: three) Shares shall be effected by 30 December 2014 at the latest with the reservation that in the event the Seller’s appointment as the Company Management Board President expires, all the Shares referred to hereinabove which have not been sold by the appointment expiration date shall be sold within 7 days (in words: seven days) of the expiration date of the Seller’s appointment as the Management Board President. The total price of the Share Purchase shall consist of: The Amount A equal to PLN 2 500 000 (in words: two million five hundred thousand złotys) and it shall be paid under individual promised agreements in the way as below: a) for the Shares defined in point 1 of the Report – an amount of PLN 681 818 (in words: six hundred eighty one thousand eight hundred and eighteen złotys) b) for the Shares defined in point 2 of the Report – an amount of PLN 681 818 (in words: six hundred eighty one thousand eight hundred and eighteen złotys) c) for the Shares defined in point 3 of the Report – an amount of PLN 681 818 (in words: six hundred eighty one thousand eight hundred and eighteen złotys) d) for the Shares defined in point 4 of the Report – an amount of PLN 454 546 (in words: four hundred fifty four thousand five hundred and forty six złotys) The Amount A under each promised agreement shall be increased by PLN 5 000 000 (in words: five million złotys) referred to as Amount B, which shall be paid in four equal instalments as a component of the Share Price on concluding the individual promised Share Transfer Agreements including stipulated interest in an amount of 5% on the unpaid part of Amount B. The remaining parts of the preliminary agreement of the Kartpol Group Sp z o.o. share transfer remain unchanged.

2011-12-23

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