Current reports

Fulfilment of the condition concerning the significant contract executed by the issuer

Current report number: 50/2014

Data: 9 December 2014

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

In relation with the ongoing report No. 43/2014 dated 21 November 2014 and concerning the execution by the Issuer of an investment agreement with OEX Spółka Akcyjna (Polish joint-stock company) with registered office in Warsaw, pursuant to §5 clause 1 item 4) 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 No. 133 of 2014) the Management Board of TELL S.A. hereby informs whom it may concern that the issuer completed the due diligence, i.e. the audit of the legal an financial standing of Cursor S.A. with registered office in Warsaw and Divante Sp. z o.o. with registered office in Wrocław, with a positive result, i.e. one of the conditions precedent under which the investment agreement had been executed, was fulfilled.

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

Signed: Rafał Stempniewicz – President of the Management Board