Altus Towarzystwo Fundszy Inwstycyjnych : Current report No. 66/2017

Current Report No. 66/2017

Date: 15/12/2017

Subject:Increase of the subsidiary's share capital

Legal grounds:Article 17(1) of MAR - confidential information.

Contents of the Report:

ALTUS Towarzystwo Funduszy Inwestycyjnych S.A. ("ALTUS TFI") informs you that on 15 December 2017 the Extraordinary General Meeting of Rockbridge Towarzystwa Funduszy Inwestycyjnych S.A. company ("Rockbridge TFI"), which is a subsidiary of ALTUS TFI, adopted a resolution ("Resolution") concerning the increase of the share capital by PLN 6,044,811.00 (say: six million forty four thousand eight hundred eleven zlotys), i.e. from PLN 23,456,525.00 (say: twenty three million four hundred fifty six thousand five hundred twenty five zlotys) to PLN 29,501,336.00 (twenty nine million five hundred one thousand three hundred thirty six zlotys). In accordance with the Resolution, the offer to acquire the shares of Rockbridge TFI in the increased share capital will be addressed to five natural persons, including, among other addressees: the President of the Management Board of ALTUS TFI - Mr Piotr Osiecki, who will be entitled to take up 9.99% of the shares in the increased share capital of Rockbridge TFI. The remaining shares will be taken up by selected members of the Management Board of Rockbridge TFI and other key persons for Rockbridge TFI. The issue price per share is equal to the nominal price, i.e. PLN 47.00. The shares in the increased share capital are to be paid by monetary contributions, in the total amount of PLN 6,044,811.00 (say: six million forty four thousand eight hundred eleven zlotys).

In reference to Current Report No. 41/2017 of 29 August 2017, the acquisition of Rockbridge TFI's shares by Mr Piotr Osiecki will be in the furtherance of the discharge of the investors' duties and commitments made to the Polish Financial Supervision Agency in an administrative procedure instituted on the basis of the notice of intention to acquire 100% of shares in BPH Towarzystwo Funduszy Inwestycyjnych S.A. company (the present business name "Rockbridge Towarzystwo Funduszy Inwestycyjnych S.A.") by ALTUS TFI (indirectly) and ALTUS Agent Transferowy sp. z o.o. (directly). The Supervisory Board of ALTUS TFI approved the acquisition of Rockbridge TFI's shares by Mr Piotr Osiecki on the basis of Resolution No. 8 of 15 December 2017.

Subsequently to the registration of the increase of Rockbridge TFI's share capital, ALTUS Agent Transferowy sp. z o.o., owned in 100% by ALTUS TFI, will hold 79.51% of the shares in the increased share capital of Rockbridge TFI and the same number of votes in total votes at the General Meeting of Rockbridge TFI.

Signatures of the representatives of the Company:

Krzysztof Mazurek - Member of the Management Board

Andrzej Ladko - Member of the Management Board