Current reports

Komisja Nadzoru Finansowego
Pl. Powstańców Warszawy 1
00-950 Warszawa

Pursuant to §103 sec.1 of the Regulation of the Minister of Finance of 19 February 2009 on ongoing and periodical information to be submitted by issuers of securities and terms on which information required by the provisions of law of a non-member state is to be deemed equivalent (Official Journal of the Republic of Poland No. 33, pos. 259, as amended), (hereinafter Regulation), the Management Board of TELL S.A. hereby specifies the following deadlines for the submission of periodic reports in 2011:

Consolidated quarterly report for Q1 2011 – 16 May 2011

Consolidated quarterly report for Q3 2011 – 14 November 2011

Consolidated semi-annual report for the 1st half of 2011 – 30 August 2011

Annual report for 2010 – 21 March 2011

Consolidated annual report for 2010 – 21 March 2011

Acting pursuant to §101 sec. 2 of the Regulation, the issuer will not submit the consolidated quarterly report for Q2 2011.

The issuer intends to submit the annual report and the consolidated annual report for 2010 not later than within 80 days after the end of the financial year, as a result of which, pursuant to §102 sec.1 of the Regulation, it will not publish the quarterly report and the consolidated quarterly report for Q4 2010.

Acting pursuant to §83 sec.1 of the Regulation, TELL S.A. hereby makes it known that it intends to submit consolidated quarterly reports containing quarterly financial information, which will cover information specified in §87 sec. 1-3, sec. 4 initial sentence and sec. 8 and 9 of the Regulation and, as a result, it will not submit separate (unit) quarterly reports.

In addition, acting on the basis of §83 sec.3 of the Regulation, TELL S.A. hereby makes it known that it will include in the consolidated semi-annual report the abbreviated semi-annual financial statement, together with a report of the entity authorised to audit financial statements on a review of or an opinion on that statement, containing the following: a balance sheet, a profit and loss account, a statement of changes in equity, a cash flow statement and an abbreviated additional note, containing information and data as are relevant for the proper assessment of the issuer’s assets, financial standing and financial result and as have not been included in the consolidated financial statement and, as a result, it will not submit a separate (unit) semi-annual report.

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

Signed: Rafał Stempniewicz – President of the Management Board