4/2021 Conclusion of Sales Agreements by the Issuer’s subsidiary

Management Board of CPD S.A. (hereinafter the “Issuer”) informs that on 4 March 2021, the Issuer’s subsidiary Ursus Development sp. z o.o. (hereinafter the “Seller”) concluded final agreements for the sale of the right of perpetual usufruct of real estate consisting of developed plots of land no:

–    155/2, located in Warsaw, described in the land and mortgage register no. WA5M/00477861/9, kept by the District Court for Warszawa-Mokotów in Warsaw, XIII Land Registry Division,

–    147, located in Warsaw, described in the land and mortgage register no. WA1M/00338198/6, kept by the District Court for Warszawa-Mokotów in Warsaw, XIII Land Registry Division,

rev. no. ev. 2-09-09, located in Warsaw in the Ursus District, near Gierdziejewskiego i Posag 7 Panien Streets for the company UDI Ursus II sp. z o.o. (hereinafter the “Buyer”) with a total value of PLN 14,9 million gross. The contracts were concluded in the performance of preliminary sales contracts.

On that date, the Seller also concluded a conditional agreement (subject to the municipality’s failure to exercise the pre-emption right) for the sale of the right of perpetual usufruct of real estate consisting of developed plots of land no:

–    132/2, located in Warsaw, described in the land and mortgage registers no. WA5M/00477860/2, kept by the District Court for Warszawa-Mokotów in Warsaw, XIII Land Registry Division,

–    158/2, located in Warsaw, described in the land and mortgage register no. WA5M/00477864/0, kept by the District Court for Warszawa-Mokotów in Warsaw, XIII Land Registry Division,

–    134, located in Warsaw, described in the land and mortgage register no. WA1M/00233102/1, kept by the District Court for Warszawa-Mokotów in Warsaw, XIII Land Registry Division,

rev. no. Ev. 2-09-09, located in Warsaw in the Ursus District, near Gierdziejewskiego and Posag 7 Panien Streets for the Buyer, with a total value of PLN 83,1 million gross. The contract was concluded in the performance of the preliminary sale contract.

The total price of the transaction was PLN 98 million gross.

In accordance with the provisions of the Local Development Plan, the properties are predominantly intended for multi-family residential areas with services.

The provisions of the above agreements concluded by the Seller do not deviate from the standards commonly applicable to this type of agreements.

 

Legal basis:

Article 17.1 MAR – Inside information

 

Signatures of persons representing the Issuer:

Elżbieta Wiczkowska, Member of the Board, 4 March 2021

Iwona Makarewicz, Member of the Board, 4 March 2021