Current reports

Polish Financial Supervision Authority
Pl. Powstańców Warszawy 1
00-950 Warszawa

Pursuant to §38 clause 1 item 2) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodical information to be disclosed by security issuers and on conditions of recognition of information required by the laws of a state that is not a member-state (Journal of Laws No. 33 item 259 as amended), the Management Board of TELL S.A. hereby advises that is intends to submit to the Supervisory Board and then to the General Meeting of Shareholders the following draft changes to clause 1 of §5 of the Articles of Association of the Company:

the present phrasing:

“1.The share capital of the Company shall be PLN 1,261,924.60 (one million two hundred and sixty-one thousand nine hundred and twenty-four Polish zlotys 60/100) and shall be divided into:
a) 1,856,000 (one million eight hundred and fifty-six thousand) series A
preferential registered shares,
b) 4,453,623 (four million and four hundred and fifty-three thousand six hundred and twenty-three) ordinary bearer shares.”

proposed amendment:

“1.The share capital of the Company shall be PLN 1,261,924.60 (one million two hundred and sixty-one thousand nine hundred and twenty-four Polish zlotys 60/100) and shall be divided into:
a) 1,704,750 (one million seven hundred and four thousand seven hundred and fifty) series A registered preferential shares,
b) 4,604,873 (four million six hundred and four thousand eight hundred and seventy-three) ordinary bearer shares.”

The proposed amendment is intended to adjust the current phrasing of the Articles of Association to the current number of registered shares and bearer shares – after the two conversions of registered shares into bearer shares effected after the last General Meeting of Shareholders (on 19 December 2011 and on 11 January 2012).

Legal basis: Art.56 clause1 item 2 of the Offering Act – Current and Periodical Information.

Signed: Rafał Stempniewicz – President of the Management Board