Ambra S.A.

Director's Dealing • Nov 4, 2016

$\mathbf{I}$	Identification of a person discharging managerial responsibilities / a person closely associated to them
A	Name	Stiftung Rehkids
$\overline{\mathbf{c}}$	Reason for notification
			"Stiftung Rehkids" is owned by Mr Nick Gunther Reh - Chairman of the
A	Position		Supervisory Board of AMBRA S.A.
B	First notification / change		First notification
3	Name of the relevant issuer
A	Name	AMBRA S.A.
$\overline{\mathbf{4}}$	Description and the identifier of the financial instrument
A	Description and type of the financial instrument	Shares
	Identification code	PLAMBRA00013
B	Nature of the transaction	Sale
$\mathbf C$	Price and volume	Price	PLN 7.71
		Volume	727
		Price
		Volume
		Price
		Volume
		Price
		Volume
D	Aggregated information	Price	PLN 7.71
	- Total volume - Price	Total volume	727
E	Date of the transaction	September 13, 2016
${\sf F}$	Place of the transaction	Warsaw Stock Exchange (GPW) XWAR

$\mathbf{I}$	Identification of a person discharging managerial responsibilities / a person closely associated to them
A	Name	Stiftung Rehkids
$\overline{2}$	Reason for notification
			"Stiftung Rehkids" is owned by Mr Nick Gunther Reh - Chairman of the
A	Position		Supervisory Board of AMBRA S.A.
B	First notification / change	First notification
3	Name of the relevant issuer
A	Name	AMBRA S.A.
$\overline{\mathbf{4}}$	Description and the identifier of the financial instrument
A	Description and type of the financial instrument	Shares
	Identification code	PLAMBRA00013
$\, {\bf B}$	Nature of the transaction	Sale
$\overline{C}$	Price and volume	Price	PLN 7.70
		Volume	12,608
		Price	PLN 7.85
		Volume	5,000
		Price	PLN 7.85
		Volume	5,000
		Price
		Volume
D	Aggregated information	Price	PLN 7.77 (weighted average)
	- Total volume - Price	Total volume	22,608
E	Date of the transaction	September 14, 2010
$\mathbb F$	Place of the transaction	Warsaw Stock Exchange (GPW) XWAR

$\frac{1}{2}$

$\mathbf{1}$	Identification of a person discharging managerial responsibilities / a person closely associated to them
A	Name	Stiftung Rehkids
$\overline{2}$	Reason for notification
А	Position		"Stiftung Rehkids" is owned by Mr Nick Gunther Reh - Chairman of the Supervisory Board of AMBRA S.A.
B	First notification / change	First notification
$\mathbf{3}$	Name of the relevant issuer
A	Name	AMBRA S.A.
$\overline{4}$	Description and the identifier of the financial instrument
A	Description and type of the financial instrument	Shares
	Identification code	PLAMBRA00013
$\mathbf B$	Nature of the transaction	Sale
$\mathsf C$	Price and volume	Price	PLN 7.90
		Volume	5,016
		Price
		Volume
		Price
		Volume
		Price
		Volume
D	Aggregated information	Price	PLN 7.90
	-Total volume - Price	Total volume	5,016
E	Date of the transaction	September 15, 2016
F	Place of the transaction	Warsaw Stock Exchange (GPW) XWAR

$\lambda$

$\Delta \phi$ and $\Delta \phi$ $\label{eq:4} \frac{1}{2\pi}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\$ $\overline{\phantom{a}}$ $\sim$ $\infty$

Identification of a person discharging managerial responsibilities / a person closely associated to them
Name	Stiftung Rehkids
Reason for notification $\overline{2}$
Position	"Stiftung Rehkids" is owned by Mr Nick Gunther Reh - Chairman of the Supervisory Board of AMBRA S.A.
B First notification / change	First notification
3 Name of the relevant issuer
A Name	AMBRA S.A.
	4 Description and the identifier of the financial instrument
A Description and type of Shares the financial instrument
Identification code
	PLAMBRA00013
B Nature of the transaction Sale
C Price and volume	Price	PLN 8.00
	Volume	3,125
	Price
	Volume
	Price
	Volume
	Price
	Volume
D Aggregated information Price - Total volume $-$ Price		PLN 8.00
	Total volume	3,125
E Date of the transaction	September 20, 2016
F Place of the transaction	Warsaw Stock Exchange (GPW) XWAR

1	Identification of a person discharging managerial responsibilities / a person closely associated to them
Name	Stiftung Rehkids
Reason for notification $\overline{2}$
Position	"Stiftung Rehkids" is owned by Mr Nick Gunther Reh - Chairman of the Supervisory Board of AMBRA S.A.
First notification / B change	First notification
3 Name of the relevant issuer
A Name	AMBRA S.A.
	4 Description and the identifier of the financial instrument
A Description and type of Shares the financial instrument
Identification code
	PLAMBRA00013
B Nature of the transaction Sale
C Price and volume	Price	PLN 8.00
	Volume	1,875
	Price	PLN 8.02
	Volume	10,000
	Price	PLN 8.01
	Volume	2.269
	Price
	Volume
D Aggregated information Price -Total volume - Price		PLN 8.02
	Total volume	14,144
E Date of the transaction	September 21, 2016
F Place of the transaction	Warsaw Stock Exchange (GPW) XWAR

$\mathbf{I}$	Identification of a person discharging managerial responsibilities / a person closely associated to them
A	Name	Stiftung Rehkids
$\overline{2}$	Reason for notification
			"Stiftung Rehkids" is owned by Mr Nick Gunther Reh - Chairman of the
A	Position		Supervisory Board of AMBRA S.A.
B	First notification / change	First notification
3	Name of the relevant issuer
A	Name	AMBRA S.A.
$\overline{\bf{4}}$	Description and the identifier of the financial instrument
A	Description and type of the financial instrument	Shares
	Identification code	PLAMBRA00013
B	Nature of the transaction	Sale
$\mathbf C$	Price and volume	Price	PLN 8.00
		Volume	812
		Price
		Volume
		Price
		Volume
		Price
		Volume
D	Aggregated information	Price	PLN 8.00
	-Total volume - Price	Total volume	812
E	Date of the transaction	September 22, 2016
$\overline{F}$	Place of the transaction	Warsaw Stock Exchange (GPW) XWAR

$\ddot{\phantom{a}}$

$\mathcal{L}$

$\hat{\gamma}i$ $\label{eq:3.1} \mathcal{L}{\mathcal{A}}(\mathcal{A}) = \mathcal{L}{\mathcal{A}}(\mathcal{A}) = \mathcal{L}{\mathcal{A}}(\mathcal{A}) = \mathcal{L}{\mathcal{A}}(\mathcal{A}) = \mathcal{L}{\mathcal{A}}(\mathcal{A})$

$\mathcal{L} \rightarrow$

1	Identification of a person discharging managerial responsibilities / a person closely associated to them
A	Name	Stiftung Rehkids
$\mathbf 2$	Reason for notification
			"Stiftung Rehkids" is owned by Mr Nick Gunther Reh - Chairman of the
A	Position		Supervisory Board of AMBRA S.A.
B	First notification / change	First notification
3	Name of the relevant issuer
A	Name	AMBRA S.A.
4	Description and the identifier of the financial instrument
A	Description and type of the financial instrument	Shares
	Identification code	PLAMBRA00013
$\, {\bf B}$	Nature of the transaction	Sale
C	Price and volume	Price	PLN 8.00
		Volume	1,103
		Price
		Volume
		Price
		Volume
		Price
		Volume
D	Aggregated information	Price	PLN 8.00
	-Total volume $-$ Price	Total volume	1,103
E	Date of the transaction	September 23, 2016
$\boldsymbol{\mathrm{F}}$	Place of the transaction	Warsaw Stock Exchange (GPW) XWAR

1	Identification of a person discharging managerial responsibilities / a person closely associated to them
A	Name	Stiftung Rehkids
$\mathbf{2}$	Reason for notification
			"Stiftung Rehkids" is owned by Mr Nick Gunther Reh - Chairman of the
A	Position		Supervisory Board of AMBRA S.A.
B	First notification / change		First notification
3	Name of the relevant issuer
A	Name	AMBRA S.A.
$\overline{4}$	Description and the identifier of the financial instrument
A	Description and type		Shares
	of the financial
	instrument
	Identification code	PLAMBRA00013
$\overline{B}$	Nature of the	Sale
	transaction
$\mathbf C$	Price and volume	Price	PLN 7.81
		Volume	5,800
		Price
		Volume
		Price
		Volume
		Price
		Volume
D	Aggregated information	Price	PLN 7.81
	-Total volume	Total	5,800
	-Price	volume
Е	Date of the transaction	September 26, 2016
$\boldsymbol{\mathrm{F}}$	Place of the transaction	Warsaw Stock Exchange (GPW) XWAR