35/2012 Information of the Management Board about discontinuance of proceedings regarding the proposition of the gratuitous transfer of land to the Capital City of Warsaw

Information of the Management Board about discontinuance of proceedings regarding the proposition of the gratuitous transfer of land to the Capital City of Warsaw

In reference to the current report No 5/2012 of 19 April 2012, the Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (hereinafter “the Company”) informs that have received the information from District Public Prosecutor’s Office in Warsaw about discontinuance on 11 September 2012 of proceedings regarding the proposition presented on June 28, 2011 to councilors and members of the board of Ursus district by Company’s representatives during the meeting of the Spatial and Municipal Economy Commission of Ursus district. The proposition consisted in the gratuitous transfer of land to the City of Warsaw for the purpose of realization of public roads and public function objects, lease of the House of Culture “Arsus” for a symbolic amount and completion of public function objects under public-private partnership. The proceedings were terminated in the absence of evidence of criminal. The above procedure was carried out towards physical persons, therefore, the Company was not its participant.

Signatures of persons entitled to representation:
1. Andrew Morrison Shepherd, Chairman of the Management Board, 25 September 2012
2. Elżbieta Donata Wiczkowska, Member of the Management Board, 25 September 2012