Current reports

Position of the Supervisory Board on draft resolutions for the Extraordinary General Meeting of Shareholders.

Current report number: 33/2012

Data: 13 September 2012

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

Pursuant to §38 clause 1 item 2) and 3) 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 as equivalent 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. – in relation with the convention for 1 October 2012 of the Extraordinary General Meeting of Shareholders – hereby advises that on 13 September 2012 it gained knowledge about the adoption by the Company’s Supervisory Board of a resolution in which the Supervisory Board adopted the agenda for the Meeting and draft resolutions for the Meeting as prepared by the Management Board and recommended that the Meeting adopted the resolutions as per the drafts, in particular resolutions concerning the redemption of treasury shares, the lowering of the share capital of the Company and amendments to the Articles of Association of the Company.

At the Company’s website, in the Investor Relations/Company Info/General Meeting of Shareholders tab, there are documents related to the Extraordinary General Meeting of Shareholders, including in particular the opinion of the Supervisory Board on the agenda and draft resolutions of the Extraordinary General Meeting of Shareholders.

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

Signed: Rafał Stempniewicz – President of the Management Board