Adopted amendment of the Company’s Statute in relation to the increase of the share capital through the issuance of 85,830 series W shares within the scope of the authorised capital (...)

Current Report No. 37/2016

Report Date:

Abbreviated name of the issuer:

Subject:

Legal basis:

The Management Board of Dom Development S.A. with its registered seat in Warsaw (the "Company") informs, in accordance with §38.1.2) of the Regulation of the Minister of Finance dated 19 February 2009 regarding current and interim reports published by issuers of securities, and the terms and conditions of finding as equivalent the information required under the laws of a non- member state (Journal of Laws 2014, item 133, as amended), of the amendment of section 3.2.1 of the Company's Statute, by way of resolution No. 02/12/16 dated 5 December 2016 regarding the increase of the share capital through the issuance of series W shares within the scope of the authorised capital, and full and complete waiver of the pre-emptive rights of the existing shareholders (of which the Company notified in the current report No. 36/2016 dated 5 December 2016). The existing wording of section 3.2.1 of the Company's Statute:

"3.2.1 The share capital amounts to PLN 24,782,592 (twenty four million, seven hundred and eighty two thousand, five hundred and ninety two) and is divided into:

1. 21,344,490 (twenty-one million, three hundred and forty-four thousand, four hundred and ninety) ordinary series A bearer shares numbered from 1 through 21,344,490, with a nominal value of PLN 1.00 each;

2. 2,705,882 (two million, seven hundred and five thousand, eight hundred and eighty two) ordinary series F bearer shares numbered from 1 through 2,705,882, with a nominal value of PLN 1.00 each;

3. 172,200 (one hundred and seventy-two thousand, two hundred) ordinary series H bearer shares numbered from 1 through 172,200, with a nominal value of PLN 1.00 each;

4. 92,700 (ninety-two thousand, seven hundred) ordinary series I bearer shares numbered from 1 through 92,700, with a nominal value of PLN 1.00 each;

5. 96,750 (ninety-six thousand, seven hundred and fifty) ordinary series J bearer shares numbered from 1 through 96,750, with a nominal value of PLN 1.00 each;

6. 148,200 (one hundred and forty-eight thousand, two hundred) ordinary series L bearer shares numbered from 1 through 148,200, with a nominal value of PLN 1.00 each;

7. 110,175 (one hundred and ten thousand, one hundred and seventy-five) ordinary series Ł bearer shares numbered from 1 through 110,175, with a nominal value of PLN 1.00 each;

8. 24,875 (twenty-four thousand, eight hundred and seventy-five) ordinary series M bearer shares numbered from 1 through 24,875, with a nominal value of PLN 1.00 each;

9. 20,000 (twenty thousand) ordinary series N bearer shares numbered from 1 through 20,000, with a nominal value of PLN 1.00 each;

10. 26,000 (twenty-six thousand) ordinary series O bearer shares numbered from 1 through 26,000, with a nominal value of PLN 1.00 each;

11. 925 (nine hundred and twenty five) ordinary bearer shares of Series P, from numbers 1 to 925 with a nominal value of PLN 1.00 each;

12. 11,000 (eleven thousand) ordinary bearer shares of Series R, from numbers 1 to 11,000 with a nominal value of PLN 1.00 each;

13. 17,075 (seventeen thousand seventy five) ordinary bearer shares of Series S, from numbers 1 to 17,075 with a nominal value of PLN 1.00 each;

14. 1,000 (one thousand) ordinary bearer shares of Series T, from numbers 1 to 1,000 with a nominal value of PLN 1.00 each;

15. 10,320 (ten thousand three hundred and twenty) ordinary bearer shares of Series U, from numbers 1 to 10,320 with a nominal value of PLN 1.00 each;

16. 1,000 (one thousand) ordinary bearer shares of Series V, from numbers 1 to 1,000 with a nominal value of PLN 1.00 each."

shall be deleted and replaced with the following new wording:

The share capital amounts to PLN 24,868,422.00 (twenty four million, eight hundred and sixty eight thousand, four hundred and twenty two) zlotys and is divided into:

1. 21,344,490 (twenty one million, three hundred and forty four thousand, four hundred and ninety) ordinary bearer shares of Series A, from numbers 1 to 21,344,490 with a nominal value of PLN 1.00 each;

2. 2,705,882 (two million, seven hundred and five thousand, eight hundred and eighty two) ordinary bearer shares of Series F, from numbers 1 to 2,705,882 with a nominal value of PLN

   1.00 each;

3. 172,200 (one hundred and seventy two thousand, two hundred) ordinary bearer shares of Series H, from numbers 1 to 172,200 with a nominal value of PLN 1.00 each;

4. 92,700 (ninety two thousand, seven hundred) ordinary bearer shares of Series I, from numbers 1 to 92,700 with a nominal value of PLN 1.00 each;

5. 96,750 (ninety six thousand, seven hundred and fifty) ordinary bearer shares of Series J, from numbers 1 to 96,750 with a nominal value of PLN 1.00 each;

6. 148,200 (one hundred and forty eight thousand, two hundred) ordinary bearer shares of Series L, from numbers 1 to 148,200 with a nominal value of PLN 1.00 each;

7. 110,175 (one hundred and ten thousand, one hundred and seventy five) ordinary bearer shares of Series Ł, from numbers 1 to 110,175 with a nominal value of PLN 1.00 each;

8. 24,875 (twenty four thousand, eight hundred and seventy five) ordinary bearer shares of Series M, from numbers 1 to 24,875 with a nominal value of PLN 1.00 each;

9. 20,000 (twenty thousand) ordinary bearer shares of Series N, from numbers 1 to 20,00 with a nominal value of PLN 1.00 each;

10. 26,000 (twenty six thousand) ordinary bearer shares of Series O, from numbers 1 to 26,000 with a nominal value of PLN 1.00 each;

11. 925 (nine hundred and twenty five) ordinary bearer shares of Series P, from numbers 1 to 925 with a nominal value of PLN 1.00 each;

12. 11,000 (eleven thousand) ordinary bearer shares of Series R, from numbers 1 to 11,000 with a nominal value of PLN 1.00 each;

13. 17,075 (seventeen thousand seventy five) ordinary bearer shares of Series S from number 1 to 17,075 with a nominal value of PLN 1.00 each;

14. 1,000 (one thousand) ordinary bearer shares of Series T from number 1 to 1,000 with a nominal value of PLN 1.00 each;

15. 10,320 (ten thousand, three hundred and twenty) ordinary bearer shares of Series U from number 1 to 10,320 with a nominal value of PLN 1.00 each;

16. 1,000 (one thousand) ordinary bearer shares of Series V from number 1 to 1,000 with a nominal value of PLN 1.00 each;

17. 85,830 (eighty five thousand, eight hundred and thirty) ordinary bearer shares of Series W from number 1 to 85,830 with a nominal value of PLN 1.00 each."

The above amendments of the Statute shall become effective upon registration in the register of business entities of the National Court Register.

Janusz Zalewski - Vice President of the Management Board Janusz Stolarczyk - Member of the Management Board