25/2011 Change of the name of the subsidiary company

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (“The Company”) announces that today it was informed that the subsidiary company Celtic Asset Management sp. z o.o. with a registered office in Warsaw (company registered in the National Court Register under the number 000238964) has received the decision of the District Court for the Capital City of Warsaw in Warsaw, XII Commercial Division of the National Court Register, regarding the registration of the change of the company name from Celtic Asset Management sp. z o.o. to KMA sp. z o.

Legal basis:
Article 56.1.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to an Organized Trading and Public Companies, dated 29 July 2005 – Current and periodical information.

Signatures of the persons entitled to representation:
1. Christopher Bruce, Member of the Board, 24 November 2011
2. Aled Rhys Jones, Member of the Board, 24 November 2011