Management Board of CPD S.A. with its registered office in Warsaw (the 'Company') hereby announces, that in connection with Invitation to Submit Proposals for Sales of Shares of the Company announced on 1st March 2019, the pursuant to which the Company proposed to acquire up to 3 305 886 shares of ordinary bearer shares ISIN code PLCELPD00013 ('Shares'), for the period for receipt of Offers to Sell the Shares held from 11 to 19 March 2019, accepted 51 valid offers amounting to a total of 19 944 601 shares of the Company.

On 20st March 2019, the Company has decided to accept all valid offers of Shares and make them reduction carried out in accordance with the principles set out in the Invitation. Because the Offers amounted to more than the number of shares offered by the Company of 3 305 886 shares, each offer will be execute in the part - the offer will be reduced in accordance with the principles described in the Invitation and Offers to be reduced on average by approximately 83,42%.

Acquisition of Shares by the Company, will take place as soon as the settlement ie 22nd March, 2019.

Signatures of persons authorized to represent the Company:

Elżbieta Wiczkowska, President of the Management Board, March 20, 2019

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CPD SA published this content on 20 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 March 2019 16:54:02 UTC