Polski Holding Nieruchomości S.A.

Share Issue/Capital Change • Nov 25, 2016

Request submitted for C series shares' introduction to trading on theprimary WSE (Giełda Papierów Wartościowych w Warszawie S.A.) market

Current report No. 27/2016 of November 25, 2016

Legal basis: Other regulations

The Management Board of Polski Holding Nieruchomości S.A. (the"Company") hereby informs that on November 25, 2016, a request was filedwith Warsaw Stock Exchange ("WSE") to introduce 63,283 C series ordinarybearer shares of the Company ("C series shares"), marked withPLPHN0000014 code, with a nominal value of PLN 1.00 each, to trading onthe primary WSE market. The above-specified shares have been issuedunder:

1. Resolution No. 3 of the General Meeting of Shareholders of theCompany of October 11, 2011 on conditional increase of share capital bythe amount of PLN 3,884,000.00 by issuing 3,884,000 C series ordinarybearer shares with a nominal value of PLN 1.00 each, and

2. Resolution No. 3 of the General Meeting of Shareholders of theCompany of April 16, 2012 on conditional increase of share capital bythe amount of PLN 469,000.00 by issuing 469,000 C series ordinary bearershares with a nominal value of PLN 1.00 each.

The C series shares are taken up as a result of exercising rights underthe Company's A and B series subscription warrants which are offeredfree of charge to those employees of Warszawski Holding Nieruchomości,Intraco, Budexpo and Dalmor who are entitled to take up shares in agiven company free of charge under Article 36 f. of theCommercialization and Privatization Act of August 31, 1996.

The total number of Company's shares, after introducing the sharescovered by the request to trading, will amount to 46,786,030.

In the filed request, December 5, 2016 was proposed as the date ofintroducing C series shares to trading.

Legal basis: §9.1 of WSE Regulations