Integer pl : Notes to the CONSOLIDATED QUARTERLY REPORT

Integer.pl SA CONSOLIDATED REPORT FOR Q3 2012 Notes to the CONSOLIDATED QUARTERLY REPORT -Kraków, 14 November 2012- CONTENTS:

INTEGER.PL SA - Q3 2012 Notes to the consolidated quarterly report QSr

1. About the Capital Group companies 4

2. Principles adopted in the preparation of the condensed consolidated report for Q3 2012. 11

3. Significant events affecting the operations of the Capital Group companies and other relevant information relating to Q3 2012 13

4. Selected financial data disclosed in the condensed consolidated quarterly financial statements and the condensed separate quarterly financial statements, translated to EUR 16

5. List of shareholders holding, directly or indirectly through subsidiaries, 5% of voting rights at the General Meeting of Shareholders as at the date of submission of this report, indicating changes in the shareholding structure with respect to qualifying holdings of the Issuer's shares since the date of submission of the previous quarterly report 22

6. Changes in the holding of shares in Q3 2012 23

7. The holding of the Issuer's shares or rights to shares by members of the Issuer's Management Board or Supervisory Board as at the date of submission of this quarterly report, including any changes thereof from the date of submission of the previous quarterly report, separately for each such shareholder 23

8. Proceedings pending before a court, an arbitration body or a public authority, including information about single proceedings relating to the liabilities or receivables of the Issuer or its subsidiary, with a value of at least 10% of the Issuer's equity, or two or more proceedings related to the liabilities and receivables with an aggregate value of at least 10% of the Issuer's equity. 24

9. Information about one or more related-party transactions concluded by the Issuer or its subsidiaries, where such transactions are material, individually or collectively, and were not concluded at arm's length 25

10. Information about guarantees or sureties for the repayment of credits or loans, granted by the Issuer or its subsidiaries, to a single entity or a subsidiary of that entity, where a total value of the existing guarantees or sureties is equivalent to at least 10% of the Issuer's equity. 25

11. Other information which, according to the Issuer, is essential for the assessment of the Issuer's human resources, assets, financial position, financial result, and any changes thereof, as well as information essential for the assessment of the feasibility of proper performance of the Issuer's obligations 25

    For more information about Integer.pl SA Capital Group, go to: www.integer.pl, www.inpost.pl, www.paczkomaty.pl, www.mobilneplatnosci.pl 34

12. Factors which, in the Issuer's opinion, will have an impact on the Issuer's and the Group's financial results, at least until the end of the next quarter 34

13. A brief description of the Issuer's achievements and failures in Q3 2012, including the related most significant events 38

    INTEGER.PL SA - Q3 2012 Notes to the consolidated quarterly report QSr

14. Factors and events, especially of extraordinary nature, with a significant impact on 40

15. Seasonal or cyclical nature of the Group's activities in Q3 2012 41

16. Changes in contingent liabilities or assets since the previous year-end 41

17. Issue, redemption and repayment of equity and non-equity securities 41

18. Dividend paid (or declared), in total and per one share, broken down into ordinary and preference shares 41

19. Events after the reporting date of the quarterly condensed financial statements, which are not disclosed in the financial statements but could have a significant impact on the Issuer's financial results in the future 42

20. The Management Board's position regarding the achievement of previously published forecasts for the financial year, in light of the results presented in the quarterly report 42

21. About the Capital Group companies

    Integer.pl SA Capital Group is a leading Polish post office group, an independent financial operator and a provider of innovative e-commerce solutions.

    Investments in state-of-the-art technologies are the top priority for Integer.pl SA Capital Group. They allow for an intensive and systematic development of the Capital Group companies and the resulting increase of their market competitiveness.

    The competitive advantage of Integer.pl SA Capital Group is the experience and know-how, the Group's own organisational structures, and the extensive and modern technical and logistics facilities. The Group's competitive edge lies also in the proactive business strategy based on the development in the areas that are outside the area of interest of Poczta Polska SA and other competitors, as well as the use of innovative tools and solutions.

    The business focus of Integer.pl SA Capital Group is on the following areas of activity:

    • Postal and courier services for postal items above 50g, delivered to institutional/business customers and individuals, based on the Group's own network of branches and Customer Service Centres and own postmen, provided by the subsidiary company InPost Sp. z o.o. - the largest independent postal operator in Poland. Since 2010, the company has also offered the Power Post service based on the hybrid mail technology, in co- operation with Inforsys SA.
    • Financial and insurance services provided to mass (institutional/business) and individual customers, as well as mobile payment and e-document services based on the Group's own customer service centres and a franchise network, provided by the subsidiary company InPostFinanse Sp. z o.o.
    • Parcel services provided to the e-commerce sector and to individual customers based on the network of parcel machines - automatic equipment used to send and collect parcels on a 24/7 basis. In Poland, the project is managed the company InPost Paczkomaty Sp. z o.o., while the international development of the 24/7 parcel sending and collection service is managed by a joint-venture company easyPack Sp. z o.o., established by Integer.pl SA Capital Group and Pine Bridge Investments, a global private equity fund.
    • Logistics and transportation services provided by Integer.pl SA Capital Group through the subsidiary company InLogistyka Sp. z o.o.

22. Integer.pl SA is the parent company in the Capital Group and is responsible for integrating the activities of individual Group companies in the area of:

    financing of investments

    using synergies, including the reduction of logistics and administrative costs R&D activities related to new products and services

    sharing of experiences in the management of new projects using long-term business relationships

    using human resources to support the development of subsidiaries