Receipt of the Notice in accordance with Art. 160 of the Act on Trading in Financial Instruments

The Management Board of Orzeł Biały S.A. (hereinafter: the “Company”, “Issuer “) herewith announces the receipt of a notice on 10.06.2014 from the Management Board Member, Mr. Józef Wolarek (“Obligated Person”), on sales transactions in shares of the Issuer implemented on 06.06.2014 by the entity operating brokerage on behalf of the above person (the Portfolio Management Agreement which includes one or more financial instruments , a so-called “blind portfolio”).
Sales transactions were related to shares of Issuer acquired by person authorized under the Management Board Incentive Scheme.
The entity operating brokerage sold on behalf of Mr. Józef Wolarek 5,222 of shares at weighted average price of PLN 10.49 apiece.
The F Series shares were acquired by persons authorized under the Management Board Incentive Scheme for 2011-2013 (due for 2011) at a nominal price, i.e. PLN 0.43 apiece, of which the Company informed in its Current Report No. 20/2013 dated 03.10.2013. The Sale of the shares has been made by a brokerage house in an ordinary session on the Warsaw Stock Exchange.

Legal basis:
Article 160 Para. 4 of the Trading Act – information about transactions of persons having access to confidential information

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