Grupa Kapitalowa Immobile : Report 42/2016 - Completion of a private subscription of series K shares

The Management Board of Grupa Kapitałowa IMMOBILE S.A. with its registered office in Bydgoszcz (the "Company") announces that today the Company has entered into an agreement of acquiring series K shares, the subject of which were all shares of series K issued within the target capital in a private subscription on the basis of the Board's resolution of 11 October 2016 on increasing the share capital of the Company within the target capital with an exclusion of pre-emptive rights and modification in the Articles of Association of the Company (about adopting of the resolution by the Board, the Company informed in the current report No. 41/2016 of 12 October 2016.), and:

1. The date of the beginning and completion of the subscription: private subscription began on 12 October 2016 and ended on 12 October 2016,

2. The date of redistribution of securities: due to the fact that the acquisition of shares of K series took place through a private placement, there were no allocation of shares within the meaning of art. 434 of the Code of Commercial Companies,

3. the number of shares offered for subscription: by a private subscription there were 2.500.000 shares of series K covered,

4. the reduction rate in particular tranches, in case when at least in one tranche, the number of allocated shares was less than the number of shares for which subscriptions were made: reduction not occurred.

5. the number of shares subscribed: the subscription covered 2.500.000 shares of series K,

6. the number of shares that have been allocated under the subscription: the subscription covered

   2.500.000 shares of series K (these shares did not require their allocation)

7. the price at which the shares were purchased (acquired): series K shares were subscribed at the issue price of 2,50 PLN (two zloty and fifty grosz)

8. the number of people who subscribed for securities covered by subscription or sale in particular tranches: an agreement to acquire shares of K series was concluded with one person

9. the number of people to whom securities under the subscription or sale in particular tranches were allocated: series K shares were acquired by one person (series K shares does not require the allocation)

10. K-series shares were not a subject of submission agreement,

11. The value of the subscription, understood as the product of the number of securities being the subject of share subscription agreements referred in paragraph 6, and of the issue price referred in paragraph 7: it was 6.250.000 PLN.

12. as at 12.10.2016, the total costs of the issuance of series K shares, calculated on the basis of invoices received and accepted by Grupa Kapitałowa IMMOBILE S.A. amounted to 5.272,88 PLN (gross), including:

13. preparation and conducting of offering 0,00 PLN;

14. pay the sub-issuers, for each separately 0,00 PLN;

15. drawing up a prospectus, including costs of advisory 0,00 PLN;

16. promotion of the offer 0,00 PLN;

17. other costs, including tax on civil law transactions, in connection with the increase of the share capital of the Company: 5272,88 PLN.

18. according to the costs incurred as of 10.12.2016, the average cost of the issuance of series K shares per share amounted to 0,002 PLN.

Due to the lack of a final settlement of the costs associated with the issuance of K series shares, until the day of publication of this report, the average cost of issuance of series K per share has been estimated in accordance with the best knowledge of the Company. The Company will publish the current report about the final issuance costs, the method of settlement in the books, the accounting in the financial statements and the average cost of emissions per share, after determining the amount of the final costs of the subscription for Company's shares.