Report No. 16/2019 - Motion of Stalexport Autostrada Małopolska S.A Management Board on apportionment of net profit for the turnover year 2018 and opinion of the Supervisory Board on that issue.

The Management Board of Stalexport Autostrady S.A. with its registered seat in Mysłowice (hereinafter: the Company) hereby advises that on 23 April 2019, the Management Board of Stalexport Autostrada Małopolska S.A. with its registered office in Mysłowice (a 100% subsidiary to Stalexport Autoroute S.à r.l. with its registered office in Luxembourg, which is, in turn, a 100% subsidiary of Stalexport Autostrady S.A.) passed and forwarded to the Supervisory Board of Stalexport Autostrada Małopolska S.A. (hereinafter: SAM) a resolution on apportionment of net profit for the turnover year 2018 as follows:

“Motion of Stalexport Autostrada Małopolska S.A. Management Board with its registered seat in Mysłowice
to the Supervisory Board and the Ordinary General Meeting of Stalexport Autostrada Małopolska S.A. dated  23 April 2019

on apportionment of net profit for the turnover year 2018”

The Management Board of Stalexport Autostrada Małopolska S.A. proposes herewith to apportion net profit of the Company for turnover year 2018 amounting to PLN 175,127,665.34 (say: one hundred seventy five million one hundred twenty seven thousand six hundred and sixty five zlotys thirty four groszy) as follows:

1. on payment of the dividend amount of PLN 10,908,000.00 (say ten million nine hundred and eight thousand zlotys),
2. on supplementary capital amount of PLN 99,725,665.34 (say: ninety nine million seven hundred twenty five thousand six hundred sixty five zlotys thirty four groszy),
3. on reserve capital allocated for payment to the shareholders, in particular for payment of dividend or advance payment for dividend in the future amount of PLN 64,494,000.00 (say: sixty four million four hundred ninety four thousand zlotys).

On the same day i.e. 23 April 2019 the Supervisory Board of Stalexport Autostrada Małopolska S.A. made a positive evaluation of SAM’s Management Board motion and passed a resolution with a positive evaluation of draft resolution of the Ordinary General Meeting of Stalexport Autostrada Małopolska S.A. on apportionment of net profit for the turnover year 2018, foreseeing an apportionment of net profit for the turnover year 2018 consistent with the above mentioned motion of the SAM’s Management Board.

At the same time the Management Board of Stalexport Autostrady S.A. reminds you that dividend in the amount of PLN 10,908,000.00 (say ten million nine hundred and eight thousand zlotys), was paid (as the Interim Dividend) to its sole shareholder i.e. Stalexport Autoroute S.à r.l. with its seat in Luxemburg) on 5 February 2019, which was reported in the current report no. 4/2019 dated 5 February 2019.

Legal basis:

Article 17 (1) of European Parliament and of the Council of UE No. 596/2014 of 16 April 2014 on market abuse (Market Abuse Directive) and repealing directive 2003/6/WE of European Parliament and Council and Commission directives 2003/124/WE, 2003/125/WE and 2004/72/WE.