Current reports

Conclusion of a significant agreement by a subsidiary of the issuer

Current report number: 28/2015

Data: 24 July 2015

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

Pursuant to §5 clause 1 item 3) 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 (consolidated text in Journal of Laws of 2014 item 133), the Management Board of TELL S.A. hereby wishes to advise whom it may concern that on 24 July 2015 Cursor S.A. – the issuer’s subsidiary – made with Mars Polska sp. z o.o. with registered office in Kościuszki – Parcel an annex to Enclosure A to the executive agreement dated 20 November 2014 under the service provision framework agreement concluded entered into on 1 September 2014. The executive agreement concerns the provision by Cursor S.A. of retail sale support services. The annex changed the scope of services provided mainly by adding merchandising activities in medium and large area stores and by  increasing the remuneration due to Cursor S.A. for the performance of the agreement. The provisions of the annex are effective as of 1 May 2015.

The criterion determining the recognition of the above-mentioned executive agreement in the phrasing as executed on 24 July 2015 in the annex is the amount of annual remuneration of Cursor S.A. exceeding 10% of the issuer’s equity.

Legal basis:  Art.56 clause 1 item 2 of the Offering Act – Current and Periodical Information

Signed:  Rafał Stempniewicz – President of the Management Board