Dino Polska S.A.

Capital/Financing Update • May 29, 2019

CurrentReport no. 5/2019Date:29May 2019Subject:DinoPolska S.A. bond issue under consideration within the framework of theestablished bond issuance programBodyof the report:

Inreference to current report no. 19/2017 of 21 September 2017 in whichDino Polska S.A. ("Company") reported the establishment andlaunch of a bond issuance program under which the Company may conductmultiple bond issues up to a total (nominal value) of PLN 500,000,000.00("Bond Issuance Program"), the Company's Management Boardreports that it is giving consideration to conducting a bond issue underthe Bond Issuance Program.

Subjectto the occurrence of the appropriate conditions on the debt securitymarket, the Issuer is planning a bond issue with the followingborderline parameters:

1)thebond tenor will range from 3 to 5 years;

2)thebonds will be issued in the form of secured bonds;

3)ifthe bond issue takes place up to 30 June 2019, the bonds will be offeredfor purchase pursuant to Article 33 Item 2 of the Bond Act of 15 January2015 (consolidated text: Journal of Laws of 2018, Item 483, as amended);

4)thebonds will be issued in book-entry form and on the day of the issue theywill be recorded in Krajowy Depozyt Papierów Wartościowych S.A.(National Securities Depository);

5)thebonds may be admitted to be traded in the alternative trading system runby BondSpot S.A. or Warsaw Stock Exchange S.A.;

6)theIssuer's performances by virtue of the bonds will be purely financialand will involve the payment of the nominal value and interest;

7)thebond interest will be fixed or floating.

Thespecific parameters of the bonds, the issue size and the interest ratewill be determined in the bookbuilding process that will be conductedduring the bond issuance process.

TheCompany's final decision on issuing the bonds and the specificconditions for that will be made at the stage when the Company'sManagement Board adopts the pertinent resolution. In the event ofdeciding to issue bonds, the Company will announce the relevantinformation in a separate report.

Legalbasis:Article17 of Regulation (EC) No 596/2014 of the European Parliament and of theCouncil of 16 April 2014 on market abuse (market abuse regulation) andrepealing Directive 2003/6/EC of the European Parliament and of theCouncil and Commission Directives 2003/124/EC, 2003/125/EC and2004/72/EC.