38/2013 Resignation of the Members of the Management Board

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (“the Company”) informs, that today received the resignation from two members of the board from the function of the member of the Management Board of CELTIC PROPERTY DEVELOPMENTS S.A.
Mr. Andrew Shepherd, CEO of the Company, resigned with effect from 17 September 2013, Mr. Andrew Shepherd did not give reasons for the resignation.

In addition, resigned Mr. Aled Rhys Jones, who is a Member of the Board of the Company. The resignation was made effective as of September 17, 2013, Mr. Aled Rhys Jones did not give reasons for the resignation.

Following the resignation of the above members, the Management Board is composed of two people which ensures correct representation and conducting the Company’s affairs in accordance with the provisions of the Articles of Association of the Company.