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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 47/2011 Signature of an 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 and Current Report 46/2010 dated December 23rd 2011, the Company concluded an agreement of sale (“the Agreement”) of 3 shares (“Shares”) in Kartpol Group Sp z o.o. of the nominal value PLN 500 each. The purchase price of the Shares amounted to PLN 1 931 818 (one million nine hundred thirty one thousand eight hundred and eighteen złotys). The transfer of title to shares onto Suwary S.A. was effected on the Agreement conclusion. The Agreement does not provide for stipulated penalties, whose max. amount may be in excess of 10% of this agreement value or at least EUR 200 000. The remaining provisions of the agreement are not different from the conditions commonly applicable for this type of agreements. The payment of the price for the three Shares in Kartpol Group Sp z o.o. shall be effected from the Company’s current funds. In connection with the conclusion of an agreement of sale of 11 shares in Kartpol Group Sp z o.o. with Mr Jerzy Marek Kaminski on September 14th 2011 (i.e. over the last 12 months) the Company concluded significant agreements and acquired assets which constitute assets of a considerable value. The criterion for recognizing the agreements concluded and the assets acquired as significant ones is the amount of the Suwary S.A. equity. Since September 20th 2010, i.e.: - the purchase of 39 shares in Kartpol Group Sp z o.o. from Mr Jerzy Kamiński - the purchase of 39 shares in Kartpol Group Sp z o.o. from Mr Szczepan Kwiatek - the acquisition of 10 shares in Kartpol Group Sp z o.o. by the payment of cash for the Kartpol share capital contribution (CR 42/2010 dated September 20th 2010) - the purchase of 11 shares in Kartpol Group Sp z o.o. from Mr Jerzy Kamiński - the purchase of 3 shares in Kartpol Group Sp z o.o. from Mr Szczepan Kwiatek Kartpol Group Sp z o.o. is a subsidiary of Suwary S.A. Following the transfer of title to the 3 Kartpol shares onto Suwary S.A. the Company holds 102 shares in Kartpol Group, which constitute 92.7% of shares in Kartpol Group Sp z o.o. The Company in planning to acquire in total 100% of shares in Kartpol Group Sp z o.o. Kartpol is a manufacturer of packaging for construction chemicals. The Company is planning to continue Kartpol’s existing operations.

2011-12-23

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