9/2012 Positive Supervisory Board opinion on the projects of the resolutions for the Ordinary Shareholders Meeting of CELTIC PROPERTY DEVELOPMENTS S.A. called on the 24th May 2012.

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (“the Company”) hereby announces that on the 22 of May 2012 Supervisory Board gave the positive opinion on the projects of the resolutions for the Ordinary Shareholders Meeting called on the 24th of May 2012 at 12:00 in the Company office in Warsaw, ul. Cybernetyki 7b and had not comments.

All the documents regarding Ordinary Shareholders Meeting are available on the Company’s web page: www.celtic.pl

Legal basis:
Art. 38.1.3 of the Decree of Minister of Finance dated 19th of February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by law of nonmember state and Rule 1, section 3) Part III contained in the document “Good Practices of Companies Listed at Warsaw Stock Exchange” (Resolution No. 20/1287/2011 of the Warsaw Stock Exchange Board of 19 October 2011).

Signatures of persons entitled to representation:
1. Aled Rhys Jones, Member of the Board, 22 May 2012
2. Elżbieta Donata Wiczkowska, Member of the Board, 22 May 2012.