2013 Current Reports EN

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.

Board of Celtic Property Developments SA (the “Company”), pursuant to Art. 70 section 1 of the Act of 29 July 2005 on Public Offering , Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2009 No. 185, item . 1439) (“the Act”) announces, that he had received on September 12, 2013, the following announcement:

Notice Horseguard Trading Limited, made on the basis of Art. 69, act no 1 section 2) and act no 2 section 1) of the Act, about change the of the total number of votes at the Company.

According to the announcement, there was a change in shareholding of the total votes in the company of Celtic Property Developments SA (the “Company”), ie reduction in shareholding of 15% in the total number of votes to 0% of the total votes, or change about 15% of the total number of votes.

Reducing the current share of Horseguard Trading Limited, based in Nicosia, Cyprus, the total number of voting rights in the Company, as a result of transferring 100 % of the shares of Furseka Trading and Investments Limited, which took place on 9 September 2013.

Prior to this transaction Horseguard Trading Limited, based in Nicosia held indirectly through Furseka Trading and Investments Limited – 5,137,222 ordinary shares, representing 15% of the share capital and conferring the right to 5,137,222 votes, representing 15% of the total number of votes at the General Meeting of Shareholders.

As a result of the sale of share Furseka Trading and Investments Limited on 9 September 2013, Horseguard Trading Limited of Nicosia has not directly or indirectly any shares of the Company.

Horseguard Trading Limited, based in Nicosia also has no subsidiaries holding shares of the Company, and is not a person referred to in Art. 87 paragraph . 1 point 3 . c

Signatures of persons entitled to representation:
1. Elżbieta Donata Wiczkowska, Member of the Board, 12 September, 2013.
2. Piotr Sylwester Turchoński, Proxy, 12 September, 2013.

Board of Celtic Property Developments SA (the Company) announces that the report for the first half 2013, published August 29, 2013 year, due to a technical error when merging documents, did not contain the report of the entity authorized to audit financial statements and to review of the condensed interim financial statements and the consolidated financial statements.

Accordingly, attached to this report, the Company submit:
1. The report of the independent auditor (PricewaterhouseCoopers Sp. z o.o.), the review of the condensed consolidated financial statements for the period from 1 January 2013 to 30 June 2013.
2. The report of the independent auditor (PricewaterhouseCoopers Sp. z o.o.) with mid-year financial report for the period from 1 January 2013 to 30 June 2013.

Legal basis:
§ 6. 4 of the Regulation 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.

Signatures of persons entitled to representation:
1. Elżbieta Donata Wiczkowska, Board Member, 6 September 2013 r.
2. Piotr Sylwester Turchoński, Proxy, 6 September 2013 r.

Załączniki
Celtic_PWC_report_30.06.2013_EN.pdf

Board of Celtic Property Developments SA (the “Company” ), pursuant to Art. 70 point 1 of the Act of 29 July 2005 on Public Offering , Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2009 No. 185, item.1439 ) (“the Act”) announces that he had received the following notices on August 30, 2013:

1) Notice of Furseka Trading and Investments Limited , made on the basis of Art. 69 section 1 item 1) of the Act, to change the share in the total number of votes at the General Meeting of Shareholders. According to the notification, the change was due to the conclusion of non-session package transaction on 6 August 2013, and settled on 30 August 2013, at a price of PLN 2.60 (two zloty sixty groszy) per share.
As a result of transaction Furseka Trading and Investments Limited has acquired 5,137,222 shares of the Company representing 15% of the share capital of the company. Each share had one vote at the General Meeting of Shareholders. Furseka Trading and Investments Limited now holds 5,137,222 shares of Celtic Property Developments SA representing 15% of the share capital of the company and is entitled to 5,137,222 votes at the General Meeting of Shareholders, which represents 15 % of the total number of votes. Before the mentioned above transaction, Furseka Trading and Investments Limited did not hold any Company shares.

2 ) Notice of Horseguard Trading Limited , made on the basis of Art. 69 section.2 item 2 ) of the Act, about change in shareholding of voting rights at the General Meeting of Shareholders.
According to the notification, the change was due to the conclusion of the non-session package transaction on 6 August 2013, and settled on 30 August 2013, at a price of PLN 2.60 (two zloty sixty groszy) per share, Horseguard Trading Limited has sold 5,137,222 shares of the Company representing 15% of the share capital of the company. Each share had one vote at the General Meeting of Shareholders. Horseguard Trading Limited currently holds no shares in the Company directly. According to the notification, before the mentioned above transaction Horseguard Trading Limited held directly, 5,137,222 shares of the Company representing 15% of the share capital of the company and was entitled to 5,137,222 votes at the General Meeting of Shareholders, which accounted for 15% of total votes. The shares were sold to a subsidiary of Horseguard Trading Limited, within the meaning of Art. 3 paragraphs. 1 Section 39 of the Act of 29 September 1994 on accounting, in view of the art. 87 paragraph. 5 Section 1 of the Act, a company Furseka Trading and Investments Limited, with its registered office in Thasou 3 DADLAW House, 1520 Nicosia, Cyprus, registered under number HE 314364, therefore Horseguard Trading Limited through a subsidiary of the Company holds 5,137,222 shares representing 15% of the share capital of the Company and its indirect entitled to 5,137,222 votes at the General Meeting of Shareholders, which represents 15% of the total number of votes.

Signatures of persons entitled to representation:

1. Elżbieta Donata Wiczkowska, Member of the Board, 2 September, 2013.
2. Piotr Sylwester Turchoński, Proxy, 2 September, 2013.

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (hereinafter “the Company”) informs, that today has received the decision of the District Court for the Capital City of Warsaw, XIII Commercial Division of the National Court Register from 12 August 2013 regarding the registration of the Company’s share capital.
The Company’s share capital was increased from the amount of 3.430.748,80PLN to the amount of 3.439.626,40PLN (a court mistakenly registered the amount 3.439.626,00 zł). The share capital was increased through the issue of 88.776 ordinary bearer E series shares with a nominal value of PLN 0.10 (ten groszy) each share.
After the registration of E series shares, the Company’s share capital amounts to 3.439.626,40 PLN and is divided into 34.396.264 ordinary bearer shares series B, C, D and E with a nominal value of PLN 0.10 (ten groszy) each share, entitling to 34.396.264 votes at the general meeting of shareholders.
Legal basis: § 5 section 1 point 9 of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities.

Signatures of persons entitled to representation:

1. Andrew Morrison Shepherd, Chairman of the Management Board, 22 August 2013
2. Elżbieta Donata Wiczkowska, Member of the Management Board, 22 August 2013