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 23.04.2014 from the Management Board Members, Mr. Tomasz Lewicki and Mr. Józef Wolarek (“Obligated Persons”) on sales transactions in shares of the Issuer implemented on 22.04.2014 by the entity operating brokerage on behalf of the above persons (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 persons authorized under the Management Board Incentive Scheme.

The entity operating brokerage sold 1.000 of shares on behalf of Mr. Tomasz Lewicki at price of PLN 10,80 apiece, as well as on behalf of Mr. Józef Wolarek sold 1.000 of shares at price of PLN 10,80 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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