6/2013 Changes of shareholders and their respective shares in the subsidiary

Board of Celtic Property Developments SA (the “Company”) announces that it has today received information about the transaction (the “Agreement”), which results in changes of shareholders and their respective shares in the company CELTIC (Italy) Srl based in Milan, Italy.

100% of the shares in the company CELTIC (Italy) Srl, with a total nominal value of EUR 10 000 had Celtic Investments Limited, Nicosia, Cyprus, which is a subsidiary of Celtic Property Developments SA As a result of the transaction, Celtic Property Developments SA and its subsidiaries do not hold shares in CELTIC (Italy) Srl.

Conclusion of the Agreement does not constitute a significant agreement within the meaning of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the law of a non-Member State. The Management Board provides information on the above Agreement, to the public, due to the fact that its conclusion is an element of the adopted in the fourth quarter of 2011, the Company’s strategy, aimed at focussing on the activities of the Company and of the Group on the project in Ursus and sales of other projects in the portfolio of the Group.

Signatures of persons authorized to represent the Company:
1. Elizbieta Donata Wiczkowska, Member of the Board, 4 February 2013
2. Aled Rhys Jones, Member of the Board, 4 February 2013