13/2016 Conclusion of Sale Agreement of the rights and obligations of the general partner and a limited partner in subsidiary

Board of CPD SA (the “Issuer”) announces that 15^th of December 2016, the company NP 7 Spółka Akcyjna with its registered office in Warsaw i NP 11 spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw (the “Buyer”) and the Issuer’s subsidiaries, ie .: Gaston Investments spolka z ogranczona odpowiedzialnoscia with its registered office in Warsaw and Blaise Investments spolka z ogranczona odpowiedzialnoscia with its registered office in Warsaw, entered into a Sale Agreement of the rights and obligations of the general partner and a limited partner in the company Blaise Gaston Investments spolka z ogranczona odpowiedzialnoscia spolka komandytowa (the “Company”) with its registered office in Warsaw (the “Agreement”). The transaction value is 70 000 000 zł.

99% of all rights and obligations of the Company was owned by Blaise Investments spolka z ogranczona odpowiedzialnoscia with registered office in Warsaw, a subsidiary of CPD SA and 1% of all rights and obligations of the Company was owned by Gaston Investments spolka z ogranczona odpowiedzialnoscia with registered office in Warsaw, a subsidiary of CPD SA. Company owns property covered by the Local Master Plan, situated in Ursus – district of Warsaw, and the prepared project allows to build about 1 000 flats on it.

Following the transaction, CPD SA and its subsidiaries do not hold shares in Blaise Gaston Investments spolka z ogranczona odpowiedzialnoscia spolka komandytowa.

Signatures of persons representing the Company:

Elżbieta Wiczkowska, President of the Board, 15^th of December 2016