Report 17/2018

4 września 2018

Current report 17/2018 dated 4 September 2018

Purchase of shares in Domodi sp. z o.o. with its registered office in Wroclaw

Legal basis: Article 17 sec. 1 of the Market Abuse Regulation – confidential information

Content of the report:

The Management Board of Wirtualna Polska Holding S.A. ("Company" or "WPH"), in reference to current report No. 3/2018 dated March 15, 2018, hereby informs that on September 4, 2018, the Company concluded with three natural persons - Polish citizens and Miton Investments a.s. a company incorporated under the laws of the Czech Republic and the company Wirtualna Polska Media S.A. with its registered office in Warsaw (hereinafter referred to as "Wspólnicy Domodi") annex to the shareholders agreement of September 12, 2014 (as amended) ("Shareholders Agreement"), pursuant to which the parties of the Shareholders Agreement accelerated the second option of purchasing a minority stake in Domodi Spółka z o. o with headquarters in Wrocław at ul. Rogowska 127, 54-440 Wrocław entered into the Register of Entrepreneurs of the National Court Register under number KRS 402177, share capital PLN 523,200 ("Domodi") and subsequently concluded a sales agreement under which the Company will acquire a total of 364 shares with a par value of PLN 200 each, ("Shares") representing approximately 14% of the share capital of Domodi and entitling to exercise approximately 14% of votes at the Shareholders' Meeting of Domodi (the "Agreement") ("Transaction").

After the settlement of the Transaction, the Capital Group of WPH will own 100% of shares in Domodi entitling to exercise 100% of votes at the shareholders' meeting of Domodi.

The selling price for all Shares purchased is approximately PLN 33.4 million. The transfer of rights from Shares will take place upon payment of the Price on the terms specified in the Agreement.

The value of the option liability for the purchase of the minority stake in Domodi on June 30, 2018 amounted to PLN 36.2 million and was PLN 2.8 million higher than the final exercise price. Therefore, in the third quarter of 2018, the Group's consolidated financial statements will show revaluation income on the valuation of the liability to buy out non-controlling shares in the amount of PLN 2.8 million.

The purchase of Shares will be financed from the Company's own funds.
Legal basis: Art. 17 (1) of the European Parliament and of the Council (EU) No 596/2016 of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC.

Signatures of persons representing the Company:
Jacek Świderski - President of the Management Board
Elżbieta Bujniewicz - Belka - Member of the Management Board