GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Capital/Financing Update • Jan 11, 2017

Current Report No 9/2017Date: 11 January 2017Topic:Summary of the results of the series D and E bearer bond issue of theWarsaw Stock ExchangeLegal basis: Article 56.1(2) of the Act onPublic Offering - current and periodic informationContent:TheWarsaw Stock Exchange ("GPW", "Company") hereby published informationabout the completed public offering of 600,000 series D bearer bondswith a nominal value of PLN 100 and 600,000 series E bearer bonds with anominal value of PLN 100 implemented under a prospectus approved by thePolish Financial Supervision Authority (KNF) on 29 November 2016.1.Start and end dates of the subscription:Accepting subscriptions ofinstitutional investors (series D): 27 December 2016 - 29 December 2016(12:00 hours).Accepting subscriptions of individual investors(series E): 2 January 2017 - 3 January 2017.2. Securitiesallocation date29 December 2016 - allocation of series D bonds5January 2017 - allocation of series E bonds3. Number ofsecurities available for subscription:The offering covered 600,000series D bonds and 600,000 series E bonds.4. Reduction rate:Thereduction rate of the subscriptions of individual investors (series E)was 63.4%.5. Number of securities subscribed for:Institutionalinvestors subscribed for 600,000 series D bonds.Individual investorssubscribed for 1,640,375 series E bonds.6. Number of securitiesallocated in the subscription:600,000 series D bonds.600,000series E bonds.7. Price at which the bonds were taken up:Theissue price was PLN 100 per series D bond.The issue price per seriesE bond depended on the submission date of subscriptions as follows: (i)for subscriptions submitted on 2 January 2017 - PLN 99,88, and (ii) forsubscriptions submitted on 3 January 2017 - PLN 99.89.8.Number of persons who subscribed for securities available forsubscription:18 institutional investors subscribed for series Dbonds.Individual investors submitted 1,197 subscriptions for seriesE bonds.9. Number of persons allocated securities in thesubscription:Series D bonds were allocated to 18 institutionalinvestors.Series E bonds were allocated to 1,194 individualinvestors.10. The names of underwriters who took up securitiesaccording to underwriting agreements, the number of securities taken upby the underwriters, the actual price per security (issue price net ofthe underwriting fee according to the underwriting agreement persecurity taken up by the underwriter):No bonds were taken up byunderwriters. No underwriting agreement was concluded.11. Value ofthe subscription equal to the product of the number of securitiescovered by the offering and the issue price:The value of theOffering of series D bonds was PLN 60,000,000.The value of theOffering of series E bonds was PLN 59,929,019.67.The total value ofthe Offering of series D bonds and series E bonds was PLN 119,929,019.67.12.Estimated total amount of costs classified as issue costs, includingcosts by type:According to the Company, the costs related to theoffering of the bonds (issue costs) are estimated at ca. PLN 0,5 million.Asthe issue costs were not definitively cleared as at the date ofpublication of this report, the issue costs were estimated andclassified as issue costs according to the best knowledge of theCompany. The Company will prepare and publish a current report on thefinal amount of issue costs, including costs by type and the methods ofcalculation and recognition of the costs in the financial statements,after it has received and accepted all invoices from entitiesparticipating in the preparation and implementation of the Offering.13.Estimated average cost of the sale per security covered by the sale:Accordingto estimates of the Company, the estimated average cost of the sale perbond is ca. PLN 0,43.The Company will prepare and publish a currentreport on the average cost of the sale per bond after it has receivedand accepted all invoices from entities participating in the preparationand implementation of the Offering.Legal basis: § 33 section 1of the Regulation of the Minister of Finance of 19 February 2009 oncurrent and periodic information provided by issuers of securities andon conditions under which information required by legal regulations of athird country may be recognised as equivalent by laws of a non-memberstate