The Management Board of CPD SA ('Issuer') informs that the subsidiary of Issuer 5/92 Gaston Investments spółka z ograniczoną odpowiedzialnością sp. k., with its registered office in Warsaw (the 'Seller') 31 July 2018 concluded a conditional agreement for the sale of the perpetual usufruct right to the real property comprising plot no. 92/2, no. 2-09-09 with an area of 30,594 m2, located in Warsaw, Ursus District, ('Agreement') for UDI Tau spółka z ograniczoną odpowiedzialnością ('Purchaser').

According to the provisions of the Local Master Plan, the real estate is intended for the majority of services and multi-family housing.

The Purchaser paid an advance payment of 10% of the price. In order to secure the advance payment by the Seller, he established a mortgage on the Seller's share in the real property up to the amount equivalent to the 200% of the advance payment and voluntarily submit itself to enforcement pursuant to article 777.1.4 of the Code of Civil Proceedings for its obligation to return the single advance payment.

The selling price of perpetual usufruct right has been set at about PLN 50,016,000 ('Price').

The remaining provisions of the Agreements concluded by the Seller do not differ from the standards commonly applicable to this type of contracts.

Legal basis:

Article 17 .1 MAR Regulation.

Signatures of persons representing the Issuer:

Elżbieta Wiczkowska, President of the Board, 31 July 2018

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CPD SA published this content on 31 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 July 2018 19:42:01 UTC