Resignation of the Member of the Management Board

Current report No. 24/2016 of September 9, 2016

Legal basis: Article 17.1 of MAR - confidential information

The Management Board of Polski Holding Nieruchomości S.A. (the"Company") hereby informs that on September 9, 2016, it received aresignation from Mr. Marcin Marcinkiewicz, Member of the Company'sManagement Board, effective from September 9, 2016. Mr. MarcinMarcinkiewicz resigned for personal reasons.

Legal basis: Legal basis: Article 17.1 of MAR - confidentialinformation