(13:41) The announcement of 2016 Preliminary Key Financial Data

CATALYST - ESPI system

Made on 2017-02-08

The issuer's name Magellan S.A.

Subject The announcement of 2016 Preliminary Key Financial Data

Legal grounds Art. 17 title 1 of MAR - confidential information

Report content:

Magellan S.A., a company being part of BFF Banking Group ("BFF"), announces its estimated key financial data of Magellan Capital Group for 2016 ("2016 Preliminary Key Financial Data"). The announcement of 2016 Preliminary Key Financial Data is issued only in connection with the BFF disclosure obligations in Italy to ensure equal treatment of investors.

The following consolidated 2016 Preliminary Key Financial Data for Magellan Group are:

• 84 PLN mn - Sales revenue net of value of goods sold and net of cost of portfolio financing;

• 49 PLN mn - Operational costs;

• 30 PLN mn - Net profit;

• 42 PLN mn - Net Profit adjusted by one-off costs related to transaction with BFF Banking Group;

• 1.973 PLN mn - Financial assets portfolio as at 31st December 2016. All data above prepared according to IFRS requirements.

Periodical report containing Magellan S.A. and Magellan Capital Group final audited FY 2016 financial statements will be published on 21 March 2017, in accordance with the financial calendar published by Magellan S.A. on 31 January 2017 (current report EBI No 1/2017).

The 2016 Preliminary Key Financial Data have not been audited or verified by any independent source for accuracy or completeness and may be a subject to further changes. The 2016 Preliminary Key Financial Data included in this current report may be subject to adjustments and amendments when Magellan S.A. will be publishing its final FY 2016 financial statements. Any material adjustment and amendment will be indicated in the current report that will be published together with the publication of FY 2016 financial statements.

Please also note that the merger of Mediona spółka z ograniczoną odpowiedzialnością with Magellan S.A., closed on December 16, 2016, may give rise to a tax benefit for the latter, which could be included in the financial statements of Magellan should the Polish tax authorities approve the request.

President, Management Board Vice-President, Management Board

Krzysztof Kawalec Grzegorz Grabowicz