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Summary of the costs of public offering of series C shares in PKP CARGO S.A.

Legal basis (chosen in ESPI): Article 56 sec. 1 point 2 of the Act on Public Offering – current and periodic information

The Management Board of PKP CARGO S.A. (“Company”, “Issuer”) in addition to the content of the current report No. 14/2014 of 14 March 2014 concerning the summary of the public offering of series C ordinary bearer shares (“Shares”), which were the subject to public offering aimed at Entitled Employees (“Offering”), conducted pursuant to the memorandum of the Company drafted under art. 39 in connection with art. 7 (8) (2) of the Act dated 29 July 2005 on the public offering and the conditions of introducing financial instruments to the organized trading system and public companies (Journal of Laws of 2005 no. 184, item 1539) (“Memorandum”) hereby announces that the total cost of the Offering calculated on the basis of invoices received and accepted by the Issuer amounted to: PLN 949 thousand net, including:

  1. The cost of preparation and conduct of the Offering: PLN 909 thousand,
  2. The cost of the preparation of the Memorandum, including advisory fees: PLN 25 thousand,
  3. The cost of remuneration of underwriters: not applicable,
  4. The cost of promotion of the Offering: PLN 15 thousand.

The average cost of subscription for one Share amounted to PLN 0.02.

Aforementioned costs in the amount of PLN 398 thousand are recognized in Issuer’s profit and loss account and included in the financial statement under operating expenses, while the remaining costs in the amount of PLN 551 thousand are recognized in the supplementary capital as a correction of the excess of the issue price over nominal value of issued shares.

Legal basis: § 33 sec. 1 item 12) and 13) of the Regulation issued by the Finance Minister on 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent (Journal of Laws, 2014, item 133 as amended).

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