Current Report 31/2015

Only the Polish version of this document is legally binding.

This translation is provided for information only.

Every effort has been made to ensure the accuracy of this publication.

The Management Board of INPRO S.A. (further the "Company"), with reference to current report No. 25/2015 of 25 June 2015 and report No. 27/2015 of 26 June 2015 informs that on 9 July 2015 the Extraordinary General Meeting of a subsidiary of INPRO S.A., Hotel Mikołajki Sp. z o.o., adopted a resolution on imposing the obligation of additional payments on the shareholders.

In conformity with resolution No. 5/2015, the Extraordinary General Meeting of Hotel Mikołajki Sp. z o.o. resolved to impose the obligation of making a returnable additional payment on the company's sole shareholder (i.e. INPRO S.A.), the additional payment being proportional to the number of the shares held by the shareholder in that company, that is PLN 2,227.48 for each share held. The total additional payment imposed on the company's sole shareholder as calculated with regard to the number of shares existing in the company as at the date of the resolution is PLN 35,149,634.40 and does not exceed ten times the value of the existing shares belonging to the sole shareholder.

The shareholder was obligated to make the additional payment to the bank account of Hotel Mikołajki by 31 July 2015. In the event of a delay to the payment, INPRO S.A. will be obliged to pay the full amount with statutory interest to the account of Hotel Mikołajki Sp. z o.o.

The returnable additional payments towards the capital are to be made to procure funds for the repayment of the liabilities of Hotel Mikołajki towards INPRO S.A. in relation to:
 loans with interest (such loans described in current reports Nos. 6/2013 of 12/03/2013, 31/2013 of 10/07/2013, 9/2014 of 11/03/2014, the repayment of the total of PLN 27,209,038.30),
 liabilities in relation to outstanding invoices for the main contractor services for the hotel and apartment complex in Mikołajki (the total of PLN 7,377,795.95),
 partial return of the guarantee deposit on invoices issued by INPRO SA in relation to main contractor services for the above-mentioned complex (PLN 562,800.15).

The possible return of the additional payment described in this resolution may be effected on the basis of a relevant resolution adopted by the general meeting of Hotel Mikołajki Sp. z o.o.

The above information is given by the Management Board on the basis of Article 56 par. 1 item 1 of the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments into the organised trading system, and on public companies (i.e. Dz. U. [Journal of Laws] 2013, item 1382).