Sonel announcement 07 2017 - Convocation of the General Meeting of SONEL S.A.

5 May 2017

Preparation date:

Issuer's abbreviated name SONEL S.A.

Subject

Convocation of the General Meeting of SONEL S.A.

Legal basis

Article 56 section 1 point 2 of the Act on Public Offering - ongoing and periodic information

Report content:

Pursuant to Article 399 section 1 of the Commercial Companies Code, the Management Board of SONEL S.A., with its registered office in Świdnica, at ul. Stanisława Wokulskiego 11, entered to the Register of Entrepreneurs under the KRS (National Court Register) No. 0000090121 by the District Court for Wrocław-Fabryczna, 9thEconomic Division of the

National Court Register, convenes the General Meeting of SONEL S.A. to be held on 1 June 2017, at 10.00 AM, in the registered office of the Company in Świdnica, at ul. Stanisława Wokulskiego 11.

Agenda:

1. Opening of the General Meeting of SONEL S.A.

2. Election of the Chairman of the General Meeting of SONEL S.A.

3. Validation of convocation of the General Meeting of SONEL S.A. and its capacity to pass resolutions.

4. Election of the Vote Counting Committee.

5. Adoption of the agenda.

6. Presentation and examination of the Report of the Management Board of SONEL S.A. on the Operations of the SONEL Company and Group in 2016.

7. Presentation and examination of the financial statement of SONEL S.A. for 2016.

8. Presentation and examination of consolidated financial statement of the SONEL Group for 2016.

9. Presentation of the opinion and report of expert auditor on the examination of financial statement of SONEL S.A. for 2016.

10. Presentation of the opinion and report of expert auditor on the examination of consolidated financial statement of the SONEL Group for 2016.

11. Presentation of the report of the Supervisory Board on Operation in 2016.

12. Adoption of resolution on the approval of the Report of the Management Board on the Operations of the SONEL Company and Group for 2016.

13. Adoption of resolution on the approval of financial statement of the Company for 2016.

14. Adoption of resolution on the approval of consolidated financial statement of the SONEL Group for 2016.

15. Adoption of resolution on the distribution of profit achieved in 2016.

16. Adoption of resolution on the payment of dividend for 2016.

17. Adoption of resolution on granting the acknowledgement of the fulfilment of duties in 2016 to Krzysztof Wieczorkowski, President of the Management Board.

18. Adoption of resolution on granting the acknowledgement of the fulfilment of duties in 2016 to Jan Walulik, Deputy President of the Management Board.

19. Adoption of resolution on granting the acknowledgement of the fulfilment of duties in 2016 to Wojciech Kwiatkowski, Member of the Management Board.

20. Adoption of resolution on granting the acknowledgement of the fulfilment of duties in 2016 to Andrzej Diakun, Chairman of the Supervisory Board.

21. Adoption of resolution on granting the acknowledgement of the fulfilment of duties in 2016 to Mirosław Nowakowski, Member of the Supervisory Board.

22. Adoption of resolution on granting the acknowledgement of the fulfilment of duties in 2016 to Maciej Posadza, Member of the Supervisory Board.

23. Adoption of resolution on granting the acknowledgement of the fulfilment of duties in 2016 to Jan Siniarski, Member of the Supervisory Board.

24. Adoption of resolution on granting the acknowledgement of the fulfilment of duties in 2016 to Stanisław Zając, Member of the Supervisory Board.

25. Adoption of resolution on the expiry of mandate of Mr Andrzej Diakun as the Chairman of the Supervisory Board of SONEL S.A.

26. Adoption of resolution on the duration of term of office of the Chairman of the Supervisory Board of SONEL S.A.

1. Adoption of resolutions on the election of the Chairman of the Supervisory Board of SONEL S.A.

2. Closing of the General Meeting.

Acting pursuant to § 38 section 1 points 1, 2 and 3 of the Ordinance of the Minister of Finance of 19 February 2009 on ongoing and periodic information provided by issuers of securities and conditions to recognise as equivalent the information that is required by the law in a Non-Member State (Dz.U. [Journal of Laws] 2009, No. 33, item 259), the Management Board of Sonel S.A. encloses the following items to this report:

1. Notice of the General Meeting of Shareholders prepared in accordance with Article 4022of the Commercial Companies Code.

2. Draft resolutions with substantiation.

3. Model power of attorney and form for casting vote by an attorney.

At the same time, the Management Board of SONEL S.A. announces that, acting in accordance with Rule II.Z.11 of "Good Practices for Companies Listed at WSE 2016," on 28 March 2017 the Supervisory Board of SONEL S.A. gave positive opinions on matters that are to be the subject of the General Meeting of SONEL S.A. that shall take place on 1 June 2017.

Furthermore, the Management Board of SONEL S.A. announces that the Company shall make all information about the General Meeting of SONEL S.A. available at www.sonel.pl, in the Investor Relations/ GMS tab.

Attachments

SONEL SPÓŁKA AKCYJNA

(issuer's full name)

SONEL S.A. Industry other (pin)

(issuer's abbreviated name) (sectoral classification by WSE in Warsaw) 58-100 Świdnica

(postal code) (place)

Stanisława Wokulskiego 11

(street) (number)

(74) 85 83 800 (74) 85 83 809

(telephone) (fax)

sonel@sonel.plwww.sonel.pl

(e-mail) (website)

884-00-33-448 890236667

(NIP [Tax ID No.]) (REGON [Statistical No.])

Polish Financial Supervision Authority