Selection of an entity authorized to audit financial statements

The Management Board of Magna Polonia S.A. with its registered office in Warsaw (Company), acting under Section 5(1)(19) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and conditions for recognition as equivalent of information required by laws of a non-Member State, informs that on 9 June 2016, the Supervisory Board of the Company selected an entity authorized to audit financial statements of the Company and the Magna Polonia Group.

The Supervisory Board selected the auditor pursuant to Article 24(3a) and Article 24(3d) of the Company’s Statute and in accordance with applicable regulations and professional standards. The selected entity Crystal Audit & Consulting Mateusz Szafrański – Sałajczyk, with its seat in Warsaw at ul. Nike 38/11, 02-447 Warszawa, is entered under number 3835 in the list of entities authorized to audit financial statements at the National Chamber of Statutory Auditors in Warsaw. The agreement will include entrusting Crystal Audit & Consulting Mateusz Szafrański – Sałajczyk with the task of auditing financial statements of the Company and the Magna Polonia Group for the financial year ending on 31 December 2016 and reviewing semi-annual financial statements of the Company and the Magna Polonia Group for the first 6 months of 2016.

Mirosław Janisiewicz – President of the Management Board

Tom Ruhan – Vice-President of the Management Board

9 June 2016