Delay closing – the achievement of significant turnover from the supply of lead-bearing waste from one of the key partners.

The Management Board of Orzeł Biały S.A. (“The Issuer”, “The Company”) hereby announces that, with reference to the current report No 23/2015 dated 14.10.2015 wherein it informed about exceeding turnover of more than 10% of the total revenue of The Issuer’s Group for the last four quarters (third quarter 2014 to second quarter 2015), the key Contractor of The Company was UAB Zalvaris based in Kaunas, Lithuania.

The value of the supplies volume from the said Contractor is essential for The Issuer and amounted to PLN 51.9 million net which exceeded 10% of the sales revenues of the Issuer’s Group for the last four fiscal quarters published before the date of publication of the Communication, i.e. before 14.10.2015 r (third quarter 2014 to second quarter 2015). The value of the supplies volume is a significant part of the total quantity of the basic feedstock used by The Company for the production of lead and lead alloys.

The Company did, in its current report no 23/2015 dated 14.10.2015, delay the public information of the Contractor and the estimated value of the business turnover with the said Contractor pursuant to Art. 57 Para. 1 of the Public Offering and Conditions Governing the Introduction of Financial Instruments to an Organised Trading System and the Public Companies Act of 29.07.2005.

The Issuer performed the delay according to the legal status operating before 3 July 2016, i.e. before the entry into force of the MAR Regulation.

In order to maintain the continuity of information and to meet legal obligations extant at the date of the decision to delay the insider information, The Issuer decided to close the delay according to the criterion operating as at the date of publication of the current report No 11/2016 dated 12.05.2016.

Legal basis: Art. 17 Para. 1 MAR, at 17:17.

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