Current reports

Draft amendments to the Articles of Association.

Current report number: 23/2013

Data: 15 May 2013

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

Pursuant to §38 clause 1 item 2) 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 is intends to submit to the Supervisory Board and then to the General Meeting of Shareholders the following draft changes to clause 1 of §5 of the Articles of Association of the Company:

the present phrasing:

“1. The share capital of the Company shall be PLN 1,135,606.00 (one million one hundred and thirty-five thousand six hundred and six Polish zlotys 00/100) and shall be divided into:
a) 1.534.104 (one million five hundred and thirty-four thousand one hundred and four) series A registered preferential shares,
b) 4.143.926 (four million one hundred and forty-three thousand nine hundred and twenty-six) ordinary bearer shares.”

proposed amendment:
“1.The share capital of the Company shall be PLN 1,022,169.40 (one million twenty-two thousand one hundred and sixty-nine Polish zlotys 40/100) and shall be divided into:
a) 1,381,312 (one million three hundred and eighty-one thousand three hundred and twelve) series A registered preferential shares,
b) 3,729,535 (three million seven hundred and twenty-nine thousand five hundred and thirty-five) ordinary bearer shares.”

The proposed amendment is related to the draft resolutions concerning the share redemption and the Company’s share capital decrease.

Legal basis: Art.56 clause1 item 2 of the Offering Act – Current and Periodical Information

Signed: Rafał Stempniewicz – President of the Management Board