Current reports

Appointment of a certified auditor

Current report number: 17/2011

Data: 23 May 2011

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

The Management Board of TELL S.A., acting pursuant to §5 sec. 19) of the Regulation of the Minister of Finances of 19 February 2009 on ongoing and periodical information to be disclosed by security issuers and on conditions of recognition as equivalent of information required by the laws of a state that is not a member-state (Journal of Laws No. 33 item 259 as amended), hereby wishes to advise that on 23 May 2011, the Supervisory Board of the Company appointed Grant Thornton Frąckowiak Spółka z ograniczoną odpowiedzialnością Spółka komandytowa with registered office in Poznań, at pl. Wiosny Ludów 2, entered into the list of entities authorised to audit financial statements under number 3654, to act as a certified auditor and to audit the biannual and annual separate and consolidated financial statements of the Company for the financial year 2011.

The issuer used the services of Grant Thornton Frąckowiak Spółka z ograniczoną odpowiedzialnością Spółka komandytowa (formerly HLB Frąckowiak i Wspólnicy Sp. z o.o.) before to audit the financial statements for 2004-2006 and to prepare the financial part of the issue prospectus in 2005. Currently, the issuer has a tax consulting agreement with this entity.

The Supervisory Board appointed the certified auditor acting in accordance with §18 sec. 1 clause 4) of the Articles of Association of the Company and §3 sec. 1 clause 5) of the By-Laws of the Supervisory Board.

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

Signed: Rafał Stempniewicz – President of the Management Board