Current reports

Acting pursuant to art. 56 clause 1 item 1 of the Act of 29 July 2005 on public trading and on conditions of introduction of financial instruments into organised trading systems and on public companies (consolidated text in Journal of Laws of 2013 item 1382 as amended), the Management Board of OEX S.A. (hereinafter referred to as the ‘Company’ or the ‘Issuer’) hereby publishes the information that it received the following information on the specific intentions concerning changes in the composition of the Management Board and the Supervisory Board of the Company from the Chairman of the Supervisory Board:

• the main shareholder in the Company – Neo Investment S.A. – will propose to the Supervisory Board the candidacy of Mr Jerzy Motz (currently the Chairman of the Supervisory Board) to be the President of the Management Board of the Issuer after Mr Jerzy Motz has resigned from his function within the Supervisory Board of the Company;

• in case the candidacy of Mr Jerzy Motz to be the President of the Management Board has been accepted, the Supervisory Board of the Issuer will propose to the incumbent President of the Management Board, Mr Rafał Stempniewicz, the function of the Member of the Management Board in charge of the Retail Network Management segment;

• in this relation, Mr Jerzy Motz plans to hand in his resignation from the function in the Supervisory Board of the Issuer by such date so that it enabled the Supervisory Board to work without interruptions by the time the Supervisory Board has had the time to give opinions on the documents being on the agenda of the next Ordinary General Meeting of Shareholders;

• in this relation, during the next Ordinary General Meeting of Shareholders of the Company a resolution will be put to voting concerning the appointment of a new Supervisory Board Member in order to complete the Supervisory Board composition, whereby the candidate to be proposed for this function by Neo Investment S.A. will be Mr Piotr Beaupre – a co-founder, one of main shareholders and Managing Partner of Neo Investment S.A.

The above-mentioned intended changes in the composition of the Management Board are the consequence of the pursuit of the policy of business diversification and the necessity to ensure the reflection of the OEX Group management model adopted in the composition of the Management Board. Currently, the activities of OEX S.A., after the changes made at the turn of 2015 and 2016, focus on the strategic and financial management of the OEX Group and its subsidiaries via which the strategic objectives are pursued as well as on the definition and pursuit of the investment policy and new business initiatives.

The incumbent President of the Management Board, Mr Rafał Stempniewicz, responsible for the long-term successes of the Company will be still – as Member of the Management Board of the Issuer – responsible for the development of the Retail Network Management segment. The operating activities in this segment are carried out by subsidiary Tell Sp. z o.o., where Mr Rafał Stempniewicz concurrently holds the position of the President of the Management Board.

The intention to appoint Mr Jerzy Motz, who currently holds the position of the Chairman of the Supervisory Board, the position of the President of the Management Board results from the willingness to reinforce the Management Board by using the extensive business experience and competence of Mr Motz in the area of strategic management and investment activity, including in those areas that currently constitute the core activity of the both new and dynamically developing business segments within the OEX group structure, i.e. Sale Support and E-business.

The Management Board of the Company makes assurances that upon the moment the planned changes in the composition of the Management Board and the Supervisory Board take effect, the Issuer will publish ongoing reports in this regard as appropriate.

Legal basis: Art. 56 sec. 1 clause 1) of the Offer Act – restricted information

Signed:  Rafał Stempniewicz – President of the Management Board

Ongoing report No. 12/2016