Current report no. 3/2016                                                                                                        

Title:

Changes in the Issuer’s Management Board

Legal basis:

Article 56 section 1 point 2 of the Act on Public Offering – current and periodic information

Message:

The Management Board of URSUS S.A. informs that on the 8^th January 2018 the Supervisory Board with the Resolution no. 160/2016 decided to remove Mr. Wojciech Zachorowski from the position of the Member of the Management Board of URSUS S.A. as from the 31^st January 2016. The reason of this recall is appointment of Mr. Wojciech Zachorowski to another position in the Capital Group POL-MOT Holding.

The Issuer’s Supervisory Board and the Management Board thank Mr. Wojciech Zachorowski for a fruitful cooperation, they appreciate his commitment and contribution into the development of the Company during his term of Member of the Management Board of URSUS S.A. and they wish him success in another  business undertakings in the Group.

At the Meeting on the 8^th January 2016 the Supervisory Board decided also that the Management Board of URSUS S.A. of the current, joint term from the 1^st February 2016 will consist of four persons.

After the above-mentioned changes the composition of the Management Board of URSUS S.A. from the 1^st February 2016 will be the following:

President of the Management Board  – Mr. Karol Zarajczyk,

Member of the Management Board – Mr. Abdullah Akkus,

Member of the Management Board – Mr. Jan Wielgus,

Member of the Management Board – Mr. Marek Włodarczyk.

The legal basis of transmission of the present report is § 5 sec. 1 point and § 27 of the Regulation of the Minister of Finance dated 19 February 2009 regarding current and interim reports published by issuers of securities and the terms of finding as equivalent the information required under the laws of any non-member state (Journal of Laws, 2009 No 33, point 259 with subsequent changes).