Current reports

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

Pursuant to §34 clause 1 item 1) 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 (Journal of Laws No. 33 item 259, as amended), the Management Board of TELL S.A hereby advises that on 09 January 2012 it was informed that on 05 January 2012 the Management Board of the National Depository for Securities had adopted a resolution concerning the designation with the code PLTELL000049 of 100,625 (one hundred thousand six hundred and twenty-five) ordinary bearer shares in TELL S.A., resulting from the conversion of 100,625 (one hundred thousand six hundred and twenty-five) preferential registered shares designated with the code PLTELL000015 to be effected on 11 January 2012. In the said resolution, the Management Board of the Depository also stated that as of 11 January 2012, the code PLTELL000015 would designate 1,755,375 (one million seven hundred and fifty-five thousand three hundred and seventy-five) shares in TELL S.A., and the codePLTELL000049 would designate 100,625 (one hundred thousand six hundred and twenty-five) shares in TELL S.A.

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

Signed: Rafał Stempniewicz – President of the Management Board