Current Report 4/2015

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. (the "Company") with its registered office in Gdańsk informs that on 26 January 2015, while taking advantage of the right of premature buyout of the Company's bonds, as specified in clause 13 item 2 of the Terms of Issue, it adopted resolution No. 1/2015 on the premature complete buyout by the Company of the bonds (the "Bonds") issued on the basis of the resolution of the Company's Management Board No. 16/2013 of 5 August 2013 and resolution No. 18/2013 of 9 December 2013, introduced into the alternative trading system at the Catalyst, and registered in the National Depository for Securities under code PLINPRO00031.
The issue of the Bonds was described in current report No. 36/2013 of 14/08/2013.
The premature buyout will concern all 2,000 (say: two thousand) ordinary bearer Bonds not having the form of a document, A series, of the nominal value of PLN 10,000.00 (say: ten thousand) zlotys each and of the total nominal value of PLN 20,000,000 (say: twenty million zlotys).
At the same time the Management Board determined that:
1. The record date shall be 3 March 2015,
2. The payment date shall be 11 March 2015.
At the buyout date, the Company will effect the buyout by paying the bondholders the nominal price for each Bond plus due interest computed until the premature buyout date (that date excluded).
The buyout will be financed with the Company's funds, through the National Depository for Securities, in conformity with relevant regulations.
The buyout of the bonds is connected with the intention to commence a property development project on the land whose purchase was financed with the funds from the issue and with the need to demonstrate the owner's contribution necessary to obtain credit finance for the project.
After the premature buyout, the Bonds will be redeemed.

The original Buyout Date was set at 14 August 2015.

Legal grounds: Article 56 par. 1 item 1 of the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments to organised trading, and on public companies

Detailed legal grounds: § 5 par. 1 item 6) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information submitted by the issuers of securities and on the conditions for regarding information required by the law of a non-member state as equivalent (Dz. U. [Journal of Laws] of 2009, No. 33, item 259 of 28 February 2009, as amended).