Current reports

Recommendation of the Management Board of TELL S.A. concerning the distribution of 2013 profit.

Current report number: 19/2014

Data: 5 May 2014

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

Pursuant to §38 clause 1 item 11) 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 wishes to inform whom it may concern that it intends to put forward to the Supervisory Board and then to the General Meeting of Shareholders the proposal of the allocation of the entire profit disclosed in the 2013 financial statements to the supplementary capital and to refrain from paying the dividend.

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

Signed: Stanisław Górski – Member of the Management Board; Robert Krasowski – Member of the Management Board