Report No. 12 - Disposal of own share

The Management Board of Stalexport Autostrady S.A. with its registered office in Mysłowice (hereinafter refers to as the Issuer or the Company) informs that the Issuer entered into a transaction on 19 April 2017 consisting in disposal of 9,624 (in words: nine thousand six hundred twenty four) own shares which were previously acquired by the Company in the implementation of points II to IV of the plan of the Issuer's merger with Stalexport Centrostal Warszawa S.A., about which the Company informed in current Report No. 12/2005 of 24 March 2005.

Detailed information on the disposed shares:

1)    The average unit price of disposal of the Issuer's own shares amounted to PLN 4.0119 (in words: four zlotys and one hundred and nineteen ten-thousandth grosz);
2)    The unit nominal value of disposed shares amounts to PLN 0.75 (in words: seventy five grosz), and the total nominal value of disposed shares is PLN 7,218 (in words: seven thousand two hundred and eighteen zlotys);
3)    The own shares disposed by the Issuer constitute 0.0039% of the Issuer's share capital and entitle to 9,624 (in words: nine thousand six hundred twenty four) votes at the Issuer's General Meeting, which constitutes 0.0039% of the total number of votes at the Issuer's General Meeting.

The aforementioned own shares were disposed because of the failure in achieving the purpose of their acquisition, as defined in Article 515 § 2 of the Commercial Companies Code, due to the fact that some of the entities entitled to receive shares of Stalexport Autostrady S.A. did not exercise their right.

After the aforementioned transaction, the Issuer does not hold any own shares.

Legal basis

Article 56 par. 1(2) of the Act on Public Offering - current and periodic information and § 5 par. 1(6) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognised as equivalent