Purchasing assets of significant value by the Issuer within the Group

Current report No. 3/2015 of January 26, 2015
Monday, January 26, 2015

Legal basis:
Article 56.1.2 of the Act on Public Offering – current and periodical information

The management board of Polski Holding Nieruchomości S.A. (the "Company" or "Issuer") has announced that on January 26, 2015, the Issuer entered into an agreement with one of its subsidiaries - PHN 5 Sp. z o.o., based in Warsaw ("PHN 5") aiming to settle PHN 5's liability arising from shares redemption, as well as to reduce PHN 5's share capital in the total amount of PLN 387.37 million.

Under the agreement, in order to return PHN 5's share capital contributions, PHN 5 (1) transferred to the Company a liability due to PHN 5 from an Issuer's subsidiary - Warszawski Holding Nieruchomości S.A. based in Warsaw ("WHN") - for the sale of shares in subsidiaries with a total value of PLN 366.32 million and (2) transferred cash in the amount of PLN 21.05 million.

PHN 5 is a direct subsidiary of the Issuer in which the Issuer holds 100.00% of shares. The percentage share of voting rights at the Shareholders Meeting is equal to the percentage share in the share capital.

There are no relations between the persons who manage or supervise the Issuer and the persons who manage or supervise PHN 5.

The value of agreement exceeds 10% of the Issuer's equity, which meets the criterion of assets of significant value.

Legal basis:
Article 5.1.1 and 5.1.3 in relation with Article 7 and 9 of the Regulation of Minister of Finance of February 19, 2009 on current and periodical information published by issuers of securities and the conditions of recognizing information required by the regulations of non-member states as equivalent (Journal of Laws 2009 No. 33, item 259, as amended).

Signatures of the Company’s representatives:
Artur Lebiedziński – President of the Management Board
Włodzimierz Stasiak – Member of the Management Board for Finance