GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Capital/Financing Update • Jan 26, 2017

Current Report No. 15/2017Date: 26 January 2017Subject: KDPW'sdecision on assimilation of GPW series D and E bondsLegal basis:Article 56.1(2) of the Act on Offering - current and periodic informationContentof the report:The Warsaw Stock Exchange ("GPW") informs that on 26January 2017 the GPW received Resolution No. 47/17 of the NationalDepository for Securities ("KDPW") whereby the KDPW Management Boarddecided to assimilate, at 31 January 2017 600,000 GPW series E bondscoded PLGPW0000199 with 600,000 GPW series D bonds coded PLGPW0000074.Theassimilated bonds will be coded PLGPW0000074.Pursuant to theResolution of the KDPW Management Board, 1,200,000 GPW bonds are codedPLGPW0000074 as of 31 January 2017.Legal basis: § 34.1.(1) ofthe Regulation of the Minister of Finance of 19 February 2009 on currentand periodic information provided by issuers of securities and onconditions under which information required by legal regulations of athird country may be recognised as equivalent.