Corporate Governance

The Polski Holding Nieruchomości (PHN) Group is one of the largest companies in the commercial Real estate market in Poland in terms of the market value of its portfolio, which includes ca. 140 properties with a total value of ca. PLN 2,5 billions. PHN’s operations are focused in Warsaw and the major regional cities, including Poznań, Tri-City, Łódź and Wrocław. The Company has long experience in the office, commercial and logistics sector, both in real estate management and investment project implementation. PHN has been listed on the Warsaw Stock Exchange since February 13, 2013.

The Group was created in 2011 as a result of consolidation of state-owned companies which conducted operations in the property sector in Poland or had significant properties in their portfolio. Its companies significantly contributed to the history of post-war Warsaw architecture. PHN’s properties are deeply rooted in the capital’s history, e.g. the Neo- Renaissance Kossakowski Palace at ul. Nowy Świat 19 or Intraco – Warsaw’s first high-rise building erected In 1975 at ul. Stawki 2. The “Kaskada” Banking and Office Center, constructed in 1998 at al. Jana Pawła II 12, and commercial areas at ul. Bartycka 26, which have been operating since 1977, are yet another examples of a recognizable Warsaw properties in the PHN’s portfolio.

The Company implements state-of-the-art commercial projects both on its own and in cooperation with experienced and renowned partners. All PHN’s investments are characterized by high quality and timeless architecture. They meet the strictest standards and thus fulfill the expectations of the most demanding customers.

The Polski Holding Nieruchomości Group is one of the largest companies in the commercial property sector in Poland in terms of the market value of its portfolio. Polski Holding Nieruchomości S.A. is a Group company managing its controlled entities. The Group runs its business through special purpose vehicles, including property and maintenance companies, companies dedicated for implementing construction projects and residential development projects, and companies holding properties for sale.

The Management Board of Polski Holding Nieruchomości S.A. (hereinafter: “Company”) hereby informs that the Supervisory Board, acting under Section 28.1(4) of the Company’s Articles of Association, adopted on March 26, 2019 a resolution on selecting PKF Consult spółka z ograniczoną odpowiedzialnością sp. k. based in Warsaw to review and audit the Company’s individual and consolidated financial statements for the years 2019–2020 with the option to extend to 2021.

PKF Consult spółka z ograniczoną odpowiedzialnością sp. k. is listed under No. 477 in the register of entities authorized to audit financial statements kept by the National Chamber of Statutory Auditors. The Company has not used the services of said entity in the area of reviewing and auditing the Company’s individual and consolidated financial statements before. The procedure of selecting the statutory auditor has been conducted in accordance with applicable law and professional standards.