Current report No 116/2016 Date of preparation: 2016-12-15

Abbreviated name of the Issuer: iALBATROS GROUP S.A.

Subject: Subject: Resignation of the President and the Vice-President of the Management Board Legal basis:

Article 56(1)(2) of the Act on Public Offering - current and periodic information

Report content:

The Management Board of iAlbatros Group S.A. with its registered office in Warsaw ("Issuer") informs that on 15 December 2016 Mr. Moncef Khanfir, President of the Issuer's Management Board, and Mr. Szymon Pura, Vice-President of the Management Board, submitted their resignation from the functions they held.

The reason for both resignations is the willingness to avoid the conflict of interests (due to their hitherto functions) that could manifest itself in the course of the talks and negotiations carried out by the Issuer's Management Board with potential investors interested in acquisition of the iAlbatros Poland S.A. company.

Legal basis: Article 56(1)(2) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies of 29 July 2005 (Journal of Laws of 2016 item 1639 as amended) in conjunction with § 5(1)(21) of Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by securities issuers and conditions for recognising information required under the laws on non-Member State as equivalent (Journal of Laws of 2014 item 133).

iAlbatros Group SA published this content on 15 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 December 2016 12:43:11 UTC.

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