InPost : Notes to the quarterly report of InPost Capital Group for the period from 01.01 - 30.06.2016

Notes to the consolidated quarterly report of InPost Capital Group for the period from 01.01.2016 to 30.09.2016 - Kraków, 29 November 2016 - CONTENTS:

1. Basic information about InPost Capital Group and description of changes in its structure 3

2. Brief description of significant achievements and/or failures of InPost Capital Group in Q3 2016 and until the date of publication of the quarterly report as well as other information that, in the Issuer's opinion, is significant for evaluation of its personnel, property and financial situation as well as financial results 5

1. Discontinuation of letter operations 5
2. Increase in volumes of Paczkomaty and courier parcels 7
3. End of service for courts and prosecutor's offices 7
4. Termination of contract and conclusion of an agreement with Ruch SA 7
5. Conclusion and termination of a material agreement 8
6. Termination of agreement with Bezpieczny List Sp. z o.o. 9
7. Sale of Bezpieczny List Sp. z o.o. 10
8. Termination of the contract with Inforsys SA 10
9. Change in the conditions for the issuance of bonds of Integer.pl SA 10
10. Selected financial data and presentation of the core business 11
11. Factors which, in the Issuer's opinion, will have an impact on the financial results of InPost Capital Group, at least in the coming quarter 15
12. The position of the Management Board regarding achieving previously published forecast results for the year, in view of the results presented in the quarterly report in relation to forecast results 17
13. Information about the issue, redemption and repayment of equity and non-equity securities 17
14. Information about significant shareholders of the Company 18
15. Summary of shares of the Issuer or the rights to them by managers and supervisors of InPost SA, as well as information about changes in the status of their ownership 18
16. Information about the dividend paid (or declared), in total and per one share, broken down into ordinary and preference shares 18
17. Information about guarantees and warranties granted 19
18. Information about significant transactions with related parties 19
19. Information about court and arbitration proceedings 19

20. 1. Basic information about InPost Capital Group and description of changes in its structure

    The main business profile of InPost SA (further referred to also as the Company or the Issuer) includes postal and courier services provided to institutional and individual customers. The Company provides logistic services related to the delivery of courier and Paczkomaty parcels. The Company's priority is to personalise and computerise services, which is reflected in the implementation of innovative solutions. The Company has its own technical and logistics facilities which allow it to operate on a global scale. The distribution centre of items handled by InPost SA is the correspondence and parcel sorting plant located in Wola Bykowska near Piotrków Trybunalski.

    Basic details of the company:

    Company name: InPost Spółka Akcyjna

    Registered office: Kraków

    Address: 30-624 Kraków, ul. Malborska 130 Statistical Identification Number (REGON): 122726260

    Tax Identification Number (NIP): 679-30-87-624

    National Court Register (KRS): 0000536554

    Share capital: PLN 11 558 000.00

    Telephone: [phone]

    Fax: [phone]

21. mail: [e-mail]

    Website: www.inpost.pl

    Company's duration: Indefinite Auditor: Deloitte Polska Sp. z o.o. Sp. k.

    Under the Company's Articles of Association, the governing bodies of InPost SA include:

    • General Meeting,

    • Supervisory Board,

    • Management Board.

Management Board of InPost SA:

acting President of the Management Board:	Rafał Brzoska (from 26.10.2016 as the President of the Management Board)
Vice-President of the Management Board:	Sebastian Anioł

Supervisory Board of InPost SA as at 30 September 2016:

Chairperson of the Supervisory Board:	Rafał Brzoska - (delegated to act as the President of the Management Board)
Vice-Chairperson of the Supervisory Board:	Wiesław Łatała
Member of the Supervisory Board:	Maciej Filipkowski
Member of the Supervisory Board:	Grzegorz Pilch
Member of the Supervisory Board:	Zofia Dzik

Supervisory Board of InPost SA on the date of publication of these Financial Statements:

Chairperson of the Supervisory Board:	Wiesław Łatała
Vice-Chairperson of the Supervisory Board:	Aleksandra Magaczewska
Member of the Supervisory Board:	Maciej Filipkowski
Member of the Supervisory Board:	Grzegorz Pilch
Member of the Supervisory Board:	Zofia Dzik

For more information about the Company, go to www.inpost.pl.

InPost SA is the parent company for the following entities which are subject to consolidation:

1. Polska Grupa Pocztowa Spółka Akcyjna with its registered office in Warsaw (further also referred to as PGP SA or PGP), entered in the Register of Entrepreneurs kept by the District Court for the Capital City of Warsaw, 13th Commercial Division of the National Court Register, under KRS Number 0000259501, in which the Company holds 844 349 shares of a total nominal value of PLN 8 443 490, which constitute 100% of the share capital of the company. The core business of Polska Grupa Pocztowa SA is to carry postal and courier activities.

2. InPost Finanse Spółka z ograniczoną odpowiedzialnością with its registered office in Kraków (further also referred to as InPost Finanse), entered into the Register of Entrepreneurs of the National Court Register for Kraków - Śródmieście in Kraków, 11th Commercial Division of the National Court Register under number KRS 0000027731, in which the Company holds 4 282 shares of a total nominal value of PLN 2 141 000, which form 100% of the share capital and entitle to 100% votes at the General Meeting of the company's shareholders. The core business