Current reports

Court registration of the change in the issuer’s share capital structure.

Current report number: 36/2011

Data: 2 December 2011

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 01 December 2011, 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 24 November 2011, pursuant to which on 25 November 2011 the changes in the share capital structure related to the conversion of registered shares into bearer shares as mentioned in ongoing report No. 32/2011 of 09 November 2011 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) 1,856,000 (one million eight hundred and fifty-six thousand) series A registered preferential shares,
b) 4,453,623 (four million four hundred and fifty-three thousand six hundred and twenty-three) series A and B ordinary bearer shares.
The total number of votes resulting from the issued shares amounts to 8.165.623 (eight million one hundred and sixty-five thousand six hundred and twenty-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