In reference to current reports no. 41/2018 of 15 November, 2018, the Management Board of CPD SA ('Issuer') informs that subsidiaries of Issuer 2/124 Gaston Investments spółka z ograniczoną odpowiedzialnością sp. k. with its registered office in Warsaw and 3/93 Gaston Investments spółka z ograniczoną odpowiedzialnością sp. k. with its registered office in Warsaw (the 'Sellers'), 30 October 2019 concluded a conditional agreement for sale of the perpetual usufruct of right to the properties consisting of plot no. 124/2, zone no. 2-09-09 with an area of 10,726 m2, and plot no. 93/3, zone no. 2-09-09 with an area of 25,830 m2 located in Warsaw, Ursus District ('Agreement') to NEWTOWNS spółka z ograniczoną odpowiedzialnością and NEOVITA NOVA Spółka z ograniczoną odpowiedzialnością ('Purchasers').

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

The condition for the conclusion of final sale agreement is the failure of the President of Capital City of Warsaw to the right of first refusal to this property and land plot no. 124/2 and 93/3.

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 - Inside information

Signatures of persons representing the Issuer:

Elżbieta Wiczkowska, Member of the Board, 30 October 2019

Iwona Makarewicz, Member of the Board, 30 October 2019

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CPD SA published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 16:46:09 UTC