Current report No. 22/2016 of July 21, 2016

Contents of resolutions considered by the Ordinary General Meeting ofShareholders of July 21, 2016

Legal basis: Article 17.1 of MAR - confidential information

The Management Board of Polski Holding Nieruchomości S.A. (the"Company") attaches to this current report the resolutions considered bythe Ordinary General Meeting of Shareholders of the Company, which washeld on July 21, 2016.

Before and during the Ordinary General Meeting of Shareholders, theCompany's Shareholders did not ask any questions regarding mattersincluded in the agenda. Moreover, during the Ordinary General Meeting ofShareholders, no item of the agenda was abandoned and no objections wereentered to the minutes of the meeting.

Legal basis: Article 17.1 of MAR - confidential information