Current reports

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

Pursuant to §5 clause 1 item 9) 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 on 30 January 2012, the Company received the decision of the District Court for Poznań – Nowe Miasto i Wilda in Poznań, VIII Commercial Division of the National Court Register of 19 January 2012, pursuant to which on 23 January 2012 changes in the share capital structure related to the conversion of registered shares into bearer shares as mentioned in ongoing report No. 5/2012 of 11 January 2012 were registered.

The value of the share capital did not change and still amounts to PLN 1,261,924.60 (one million two hundred and sixty-one thousand nine hundred and twenty-four Polish zlotys and 60/100).
After the conversion, the share capital is 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) series A and B ordinary bearer shares.

The total number of votes resulting from all issued shares amounts to 8,014,373 (eight million fourteen thousand three hundred and seventy-three). The change in the total number of votes took place upon the share conversion. Therefore, the registration of changes in the share capital structure resulting from the share conversion is only declaratory in character.

Legal basis: Art. 56 sec. 1 clause 2 of the Offer Act – current and periodical information

Signed: Rafał Stempniewicz – President of the Management Board