Grupa Kapitalowa Immobile : Report 48/2016 - The share capital increase and changes in the Articles of Association

Grupa Kapitałowa IMMOBILE S.A. with its registered office in Bydgoszcz (the Company), in connection with current reports no 41/2016 of 12 October 2016 and 42/2016 of 12 October 2016, announces that today (28 November 2016), the Company received the decision of the District Court in Bydgoszcz, XIII Division of the National Court Register on the registration (on 23 November 2016) in the National Court Register of the increase of the registered capital of the Company within the limits of authorized capital, from the amount of 18.215.733,00 PLN to the amount of 18.840.733,00, what makes an amount of 625.000,00 PLN.

The increase in capital was affected by issuing of 2.500.000 new ordinary bearer shares of series K, with a nominal value of 0,25 PLN (twenty-five grosz) per share and by the acquisition of these shares within private subscription by one shareholder.

Following registration has increased the total number of shares and the number of votes at the General Meeting of Shareholders to 73.487.932.

The Management Board also informs about changes in the Articles of Association of the Company. scales shall be inserted.

The previous wording of the Articles of Association:

1. The Company's share capital amounts to PLN 18.215.733,00 (in words: eighteen million, two hundred fifteen thousand, seven hundred and thirty-three Polish Złoty) and is divided into:

1/ 8.925.736 (eight million, nine hundred twenty-five thousand, seven hundred and thirty-six) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz), each classified as series A and numbered from 1 to 8.925.736,

2/ 3.200.132 (three million, two hundred thousand, one hundred and thirty-two) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series B and numbered from 8.925.737 to 12.125.868,

3/ 1.602.132 (one million, six hundred and two thousand, one hundred and thirty-two) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series C and numbered from 12.125.869 to 13.728.000,

4/ 18.147.724 (eighteen million, one hundred and forty-seven thousand, seven hundred and twenty- four) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series D and numbered from 13.728.001 to 31.875.724,

5/ 1.814.772 (one million, eight hundred and fourteen thousand, seven hundred and seventy-two) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series E and numbered from 31.875.725 to 33.690.496,

6/ 8.000.000 (eight million) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series F and numbered from 33.690.497 to 41.690.496,

7/ 28.557.974 (twenty-eight million, five hundred and fifty-seven thousand, nine hundred and seventy-four) bearer shares with the nominal value of PLN 0,25 (twenty fine Polish Grosz) each classified as series I and numbered from 41.690.4977 to 70.248.470.

8/ 2.614.462 (two million, six hundred and fourteen thousand, four hundred and sixty-two) bearer shares with the nominal value of PLN 0,25 (twenty five Polish Grosz) each classified as series J and numbered from 70.248.471 to 72.862.932.

The new wording of Articles of Association:

1. The Company's share capital amounts to PLN 18.840.733,00 (in words: eighteen million, eight hundred forty thousand, seven hundred and thirty-three Polish Złoty) and is divided into:

1/ 8.925.736 (eight million, nine hundred twenty-five thousand, seven hundred and thirty-six) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz), each classified as series A and numbered from 1 to 8.925.736,

2/ 3.200.132 (three million, two hundred thousand, one hundred and thirty-two) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series B and numbered from 8.925.737 to 12.125.868,

3/ 1.602.132 (one million, six hundred and two thousand, one hundred and thirty-two) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series C and numbered from 12.125.869 to 13.728.000,

4/ 18.147.724 (eighteen million, one hundred and forty-seven thousand, seven hundred and twenty- four) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series D and numbered from 13.728.001 to 31.875.724,

5/ 1.814.772 (one million, eight hundred and fourteen thousand, seven hundred and seventy-two) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series E and numbered from 31.875.725 to 33.690.496,

6/ 8.000.000 (eight million) bearer shares with the nominal value of PLN 0,25 (twenty-five Polish Grosz) each classified as series F and numbered from 33.690.497 to 41.690.496,

7/ 28.557.974 (twenty-eight million, five hundred and fifty-seven thousand, nine hundred and seventy-four) bearer shares with the nominal value of PLN 0,25 (twenty fine Polish Grosz) each classified as series I and numbered from 41.690.4977 to 70.248.470.

8/ 2.614.462 (two million, six hundred and fourteen thousand, four hundred and sixty-two) bearer shares with the nominal value of PLN 0,25 (twenty five Polish Grosz) each classified as series J and numbered from 70.248.471 to 72.862.932.

9/ 625.000 (six hundred and twenty-five thousand) bearer shares with the nominal value of PLN 0,25 (twenty five Polish Grosz) each classified as series K and numbered from 72.862.933 to 73.487.933.

Enclosed The Management Board shall also submit consolidated text of the Statute. Legal basis:

§5. 1 point 4, § 5. 1 point 9 and §38. 1 point 2 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities, and on conditions for recognizing information required by laws of a non-member country as an equivalent.