Current reports

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

Current report number: 38/2014

Data: 20 October 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 Extraordinary General Meeting of Shareholders the proposal of the allocation of the entire profit disclosed in the 2013 financial statements in the amount of PLN 9,801,796.85 (say: nine million eight hundred and one thousand seven hundred and ninety-six Polish zlotys and 85/100) as follows:
– to the payment of the dividend in the amount of PLN 1.00 per one share in the Company,
– to the supplementary capital in the amount remaining after the payment of the dividend.
The Management Board proposes that the dividend day be 11 December 2014 and the dividend payment day – 29 December 2014

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

Signed: Rafał Stempniewicz – President of the Management Board