Current reports

Change in confidential information.

Current report number: 9/2012

Data: 1 February 2012

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

Acting pursuant to art. 56 clause 5 of the Act of 29 July 2005 on public trading and on conditions of introduction of financial instruments into organised trading systems and on public companies (consolidated text in Journal of Laws of 2009, No. 185 item 1439 as amended), in relation with Report No. 4/2011 of 16 March 2011, the Management Board of Tell S.A. hereby informs that the issuer did not take advantage within the deadline prescribed in the investment agreement (i.e. by 31 January 2012) of the option to purchase from the shareholders of Sp. z o.o. with registered office in Gdańsk further shares which, jointly with the shares already in the issuer’s possession, would constitute 51% of the share capital in that company. The decision was taken in relation with the decrease in the demand for the products offered by the company anticipated to take place in the nearest future, which will not allow the achievement of the earlier assumed development objectives. The issuer still remains a shareholder in Sp. z o.o., holding 30% of shares in its share capital.

Legal basis: art.56 clause 1 item 1) of the Offering Act – information update.

Signed: Rafał Stempniewicz – President of the Management Board