Subject: Signing an agreement for purchase of the shares in Pfleiderer MDF Sp. z o.o.

RB 03/14

Management Board of Pfleiderer Grajewo S.A. reports that on 20 January 2014
Pfleiderer Grajewo S.A., as a purchaser, signed with Pfleiderer Service GmbH with its seat in Neumarkt, as a seller, the agreement for purchase of the shares in Pfleiderer MDF Sp. z o.o. with its seat in Grajewo.
The above agreement was signed pursuant to the provisions of the preliminary purchase agreement dated 27 December 2013. Prior to signing a definite purchase agreement there took place a fulfillment of condition provided by the preliminary agreement, i.e. the court registration of increase of share capital of Pfleiderer MDF Sp. z o.o by an amount of PLN 100,000,000. The shares issued within the capital increase were acquired by Pfleiderer Grajewo S.A. in exchange for cash contribution amounting to PLN 100,000,000.
The above purchase agreement comprises 135,328 unprivileged shares, each share of nominal value amounting to PLN 500. The above shares constitute 28.75% of the share capital of Pfleiderer MDF Sp. z o.o., entitle to 16.92% of the votes at the meeting of shareholders, as well as to 21.20% share in the profit (dividend).
Purchase price for the above described shares amounts to EUR 6,987,694, which constitutes an equivalent of PLN 29,059,024.26.
Transfer of ownership title of the shares to Pfleiderer Grajewo S.A. shall take place on a date of payment of purchase price, i.e. by 22 January 2014.
After the purchase of the above specified 135,328 shares, Pfleiderer Grajewo S.A. shall own 100% of the shares in share capital of Pfleiderer MDF Sp. z o.o.
Pfleiderer Service GmbH is a dominant entity of Pfleiderer Grajewo S.A.
The report was prepared pursuant to the Article 56.1.1 of the Act on Public Offerings
- confidential information.
20 January 2014

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