POLNORD : Issue of bonds and early redemption of Company bonds

Legal basis: Article 56 (5) of the Act on Public Offering - information update

POLNORD SA ('Polnord', the 'Company'), with reference to the current report No. 65/2015 of 4 December 2015, hereby informs that on 18 December 2015 the Company issued 60,000 four-year secured series D bonds with a total nominal value of PLN 60 million, maturing on 18 December 2019 (the 'Bonds'). The Bond issue was not a public issue. The Bonds were acquired entirely by SGB Bank SA.

The Company also informs that on 18 December 2015 it performed early redemption, for cancellation, of all, i.e. 60,000 series A bonds of Polnord with a total nominal value of PLN 60 million, issued on 20 August 2012. Funds for the early redemption came from the proceeds of the Bond issue that took place on 18 December 2015.

Legal basis: Pursuant to Art. 56 (5) of the Act on Public Offering - information update and § 5 (1)(6) of the Regulation of the Minister of Finance of 19 February 2009, regarding current and periodic information submitted by issuers of securities and the terms governing recognition of information required by the laws of a non-member state as equivalent information.

SIGNATURES OF THE COMPANY'S REPRESENTATIVES

2015-12-18 Piotr Wesołowski President of the Management Board

2015-12-18 Tomasz Sznajder Vice-President of the Management Board