INPRO : Current Report 27/2016

2016-12-19

Selection of an entity authorised to audit financial statements

The Management Board of INPRO SA (the 'Company') informs the public that in conformity with § 10 par. 14 of the Company's Statutes, the Company's Supervisory Board at a session on 19 December 2016 adopted resolution No. 22/2016 on the selection of the auditor, Deloitte Polska spółka z ograniczoną odpowiedzialnością spółka komandytowa, Al. Jana Pawła II 19, 00-854 Warszawa, entered into the register of entrepreneurs of the National Court Register under number 0000446833 (recorded on the list of entities authorised to audit financial statements, kept by the Polish National Chamber of Statutory Auditors, under number 73) to:

1. Conduct the reviews of financial statements for 2017, namely the review of the separate statements of INPRO S.A. and of the consolidated statements of the INPRO S.A. Corporate Group.2. Audit the annual separate financial statements of INPRO SA and the annual consolidated financial statements of the INPRO Corporate Group for 2017 i.e. for the period from 01/01/2017 to 31/12/2017.

The choice was made by the Supervisory Board in compliance with the mandatory provisions of law and professional standards.

The agreement with the selected entity, Deloitte Polska Spółka z ograniczoną odpowiedzialnością spółka komandytowa, will be concluded for a period permitting the performance of the object of the agreement.

So far, the Company signed with the above-mentioned entity the agreement for the audit of the annual separate statements of the Company and of the consolidated statements of the Group for 2015 and 2016 and for the review of the interim separate and consolidated financial statements as at 30/06/2015 and 30/06/2016.

Detailed legal grounds: § 5 par. 1 item 19 of the Regulation of 19 February 2009 on current and periodic information submitted by the issuers of securities and on the conditions for regarding information required by the law of a non-member state as equivalent (Dz. U. [Journal of Laws] of 2009, No. 33, item 359 of 22 February 2009, as amended) in connection with Article 17 par. 1 of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR)