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. 56/2015 of 29 October 2015, hereby informs that on 4 December 2015 the Management Board of Polnord adopted a resolution on the performance of early redemption of all i.e. 60,000 series A bonds of the Company on 18 December 2015, with a total nominal value of PLN 60.0 million, issued on 20 August 2012 (the 'Bonds').

The funds for the early redemption of the Bonds will come from the proceeds of a new issue of Company bonds with a total nominal value of PLN 60.0 million, which will also be performed on 18 December 2015. The bonds in question will be the covered bonds maturing 4 years after the issue date.

SIGNATURES OF THE COMPANY'S REPRESENTATIVES

2015-12-04 Piotr Wesołowski President of the Management Board

2015-12-04 Tomasz Sznajder Vice-President of the Management Board

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