POLISH FINANCIAL SUPERVISION AUTHORITY

Current Report No 91/2016

Made on 2016-09-19

The issuer's name Magellan S.A.

Subject Resolution of the Management Board on redemption of subscription warrants

Legal grounds Art. 17 title 1 of MAR - confidential information

Report content:

Magellan S.A. Management Board hereby informs, that on 19 September 2016, according to

§ 11 of the Statute of Magellan S.A., the Company's Management Board adopted the resolution on redemption of 65,141 subscription warrants of B series that entitled to taking up ordinary bearer E series shares of Magellan S.A. issued in the form of document on the basis of Resolution No 29/2014 of General Shareholders' Meeting of Magellan S.A. held on 23 April 2014 (resolution on the issue of subscription warrants and conditional share capital increase through the issuance of shares of E series without pre-emptive rights of subscription warrants and shares of E series ('B series subscription warrants') to enable the entitled persons (taking part in incentive program adopted by the Company's Supervisory Board on 29 September 2014) taking up E series shares. The subscription warrants were acquired on 12 and 21 July 2016 by the Company from Entitled Persons within the incentive program for key managers of the Company.

Vice-President, Management Board Member, Management Board

Grzegorz Grabowicz Rafał Karnowski

Magellan SA published this content on 19 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2016 13:00:06 UTC.

Original documenthttp://www.magellansa.pl/Portals/1/Files/Raporty/Raporty biezace/EN/2016/091_Umorzenie_warrantow_subskrypcyjnych_ENG.pdf

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