Current reports

Centrum Nowoczesnych Technologii S.A. with its registered office in Sosnowiec (hereinafter referred to as the "Company" or the " Issuer") hereby publishes fixed dates of publication of periodic reports in the financial year 2019:

I. Quarterly reports:

Consolidated extended quarterly report for Q1 2019 - 24 May 2019.

Consolidated extended quarterly report for Q3 2019 - 22 November 2019.

II. The semi-annual report:         

Consolidated extended semi-annual report for the first half of 2019 - 30 August 2019.

III. Annual reports:             

Non-consolidated annual report for the year 2018 - 26 April 2019.

Consolidated annual report of the Capital Group for 2018 - 26 April 2019.

At the same time, acting on the basis of § 79 (2) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state - consolidated text: Journal of Laws of 2009, no. 1. 2018 item 757 (hereinafter referred to as the "Regulation"), the Issuer informs that it will not publish a quarterly report and a consolidated quarterly report for Q4 2018 and Q2 2019.

The Company also declares as follows:

• pursuant to § 62 sections 1 and 2 of the Regulation, the Issuer, as the parent company, will publish consolidated quarterly reports for Q1 and Q3 2019 containing quarterly financial information of the parent company and will not publish separate individual quarterly reports for those reporting periods;

• pursuant to § 62 sections 3 and 5 of the Regulation, the Issuer, as the parent company, will not publish a separate semi-annual report, therefore the Issuer will include an abridged semi-annual financial report of the parent company in the consolidated semi-annual report for the first half of 2019 together with the auditor's review report and abridged additional information.

Legal basis: § 80 (1) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a non-member state may be recognised as equivalent - consolidated text: Journal of Laws of 2018, item 757.

Centrum Nowoczesnych Technologii Spółka Akcyjna with its registered office in Sosnowiec (hereinafter referred to as the „Issuer" or the „Company") informs that on 10 January 2019 the Issuer received information on the approval of construction projects and the decision validity on the building permit for the construction of two multi-family residential buildings B4 and B6 as part of stage 2 of Nowa 5 Dzielnica investment in Krakow.

According to the information obtained from the Municipality of Krakow, in the absence of appeal against the permit decisions referred to in the abovementioned report within the statutory time and procedure, the decision on building B4 became final on 1 January 2019 and the decision on building B6 became final on 3 January 2019 and they are enforceable.

Legal basis: Article 17(1) MAR - confidential information.

The Management Board of Centrum Nowoczesnych Technologii Spółka Akcyjna with its registered office in Sosnowiec (hereinafter referred to as the "Issuer", the "Company") informs that after the aggregation of partial data was completed on 3 January 2018, the subsidiary of Centrum Nowoczesnych Technologii Spółka Akcyjna spółka komandytowa (hereinafter referred to as the "Subsidiary") provided the Issuer with information on the results of sales of aparments under the development project Nowa 5 Dzielnica in Kraków. The Issuer explains that the sales process under the aforementioned investment started in March 2017.

The Issuer informs that in the fourth quarter of 2018 the Subsidiary concluded 40 development agreements for the sale of apartments.

Moreover, as of 31 December 2018, the Subsidiary was a party to 24 reservation agreements for sales of apartments, which require transformation into agreementsfor development.

The Issuer explains that the number of units that will be recognised in the Group's financial result for the period from 1 January to 31 December 2018 will amount to 582 units. In accordance with the accounting policy of Centrum Nowoczesnych Technologii Spółka Akcyjna spółka komandytowa, the Subsidiary considers that the transfer of risks, controls and benefits takes place at the moment of signing the notarial deed transferring the ownership to the purchased property. At the moment of recognition of revenues from sales, the Subsidiary recognizes the costs of production of a given area, reducing the finished goods in proportion to the share of the aparments sold in the total area of a given type of apartmenst. The Subsidiary concluded 582 final agreements transferring the ownership of the property and handed over 580 apartments in the Q4 2018.

Legal basis: Article 17(1) MAR - confidential information.

The Board of the Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer") announces that in connection with the sales of electricity by the subsidiary GET EnTra Sp. o.o. (The "Subsidiary") on 20 December 2018, the total value of trading onthe Polish Power Exchange S.A. (the "Exchange") in the period from 10/11/2018 to 20/12/2018 amounted to PLN 136,615.70 thous. The aforementioned amount includes, among others purchase and sales of electricity with a delivery date during the period from 11/11/2018 to 31/12/2019. The transaction with the highest value contained in the aforementioned period was a package of deals of 13/11/2018 including the purchase and sales of electricity with a total value of PLN 23,892.34 thous. with a delivery date during the period from 14/11/2018 to 31/12/2019.

The transactions referred to above made by the Subsidiary are carried out within the core business of energy trading, including in particular electricity trading and gas fuels trading in a network system.

Terms and conditions of concluded contracts (transactions) do not contain any provisions on contractual penalties as well as not diverge from typical terms and conditions of this kind / type of transactions on the market.

Legal Basis: Art. 17 (1) of MAR - confidential information.

Centrum Nowoczesnych Technologii S.A. with its registered office in Sosnowiec informs that on 21 November 2018 it received information from FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych with its registered office in Warsaw (FIP 11) about an increase in the total number of votes in the Company by more than 1%, submitted pursuant to Article 69 sec. 2 point 2 of the Act of 29 July 2005 on public offering and conditions for introducing financial instruments to organised trading and on public companies (consolidated text: Journal of Laws 2018, item 512, as amended), as follows:

"Acting pursuant to Article 69 sec. 2 point 2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies" of 29 July 2005, Journal of Laws No. 184 item 1539 (the "Act"), I hereby inform you that as a result of the transaction of purchase of 62,320 shares of Centrum Nowoczesnych Technologii S.A. (the "Company") by FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych  carried out on 19 November 2018, the total number of votes of the Company represented by FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych and entities acting in accordance with the agreement referred to in Article 87 sec. 1 point 5 of the Act, i.e. Zbigniew Jakubas together with the subsidiaries under the Act, i.e. Multico Sp. z o.o.., Energopol Warszawa S.A., Energopol Trade S.A. and Wartico Invest Sp. z o.o. increased the total number of votes in the Company by over 1 %, i.e. up to 6,610,980 shares giving the right to 6,610,980 votes, which constitutes 72.73 % of the share capital of Centrum Nowoczesnych Technologii SA and the same number of votes.

Before the aforementioned change, FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych and entities acting in agreement referred to in Article 87 section 1 point 5 of the Act, i.e. Zbigniew Jakubas together with the subsidiaries under the Act, i.e. Multico Sp. z o.o., Energopol Warszawa S.A., Energopol Trade S.A. and Wartico Invest Sp. z o.o. held 6,548,660 shares in total, constituting 72.04 % of the share capital of the Company. The shares held jointly entitled to exercise 6,548,660 votes at the General Meeting and accounted for 72.04% of the total number of votes.

FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych declares that there are no subsidiaries under provisions of the Act. The subsidiaries of Zbigniew Jakubas that are also shareholders of the Company are Multico Sp. z o.o. with its registered office in Warsaw, Energopol - Warszawa S.A. with its registered office in Warsaw, Energopol - Trade S.A. with its registered office in Warsaw and Wartico Invest Sp. z o.o. with its registered office in Warsaw".

Legal basis: Article 70 (1) of the Act on Public Offering - acquisition or disposal of a significant block of shares.

With reference to current report no. 64/2018, the Management Board of Centrum Nowoczesnych Technologii S.A. informs that today it has been informed that on 20 November 2018 GET EnTra sp. z o.o. concluded an annex to the framework agreement for granting bank guarantees. (the "Subsidiary") of PKO BP S.A. (the "Bank") of the Annex (the "Annex") to the Framework Agreement for bank guarantees (the "Framework Agreement").

This annex introduced the validity period of the guarantee limit granted by the Bank under the Framework Agreement. The limit is valid until 30 October 2019.

Other terms and conditions of the Agreement remain unchanged.

Legal basis: Article 17(1) MAR - confidential information.                

The Board of the Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer") announces that in connection with the sales of electricity by the subsidiary GET EnTra Sp. o.o. (The "Subsidiary") on 09 November 2018, the total value of trading onthe Polish Power Exchange S.A. (the "Exchange") in the period from 21.09.2018 to 09.11.2018 amounted to PLN 125,927.99 thous. The aforementioned amount includes, among others purchase and sales of electricity with a delivery date during the period from 21.09.2018 to 31.12.2019. The transaction with the highest value contained in the aforementioned period was a package of deals of 09.11.2018 including the purchase and sales of electricity with a total value of PLN 22,319.78 thous. with a delivery date during the period from 10.11.2018 to 31.12.2019.

The transactions referred to above made by the Subsidiary are carried out within the core business of energy trading, including in particular electricity trading and gas fuels trading in a network system.

Terms and conditions of concluded contracts (transactions) do not contain any provisions on contractual penalties as well as not diverge from typical terms and conditions of this kind / type of transactions on the market.

Legal Basis: Art. 17 (1) of MAR - confidential information.

Management Board of Centrum Nowoczesnych Technologii S.A. (the "Issuer", the "Company") informs that due to the completion of the preliminary aggregation of financial data on 6 November 2018 for the purposes of preparation of the Issuer's consolidated periodical report for the third quarter of 2018, on the same day the Issuer decided to publish the preliminary consolidated results of the CNT Capital Group divided into business segments adopted in the consolidated financial statements, including consolidation exclusions, which are attached hereto.

At the same time, the Company reminds that the consolidated periodical report of the CNT Capital Group for the third quarter of 2018 will be published on 16 November 2018 in accordance with the contents of current report no. 3/2018.

The estimated financial results referred to above are preliminary, therefore the results finally published in the report for the third quarter of 2018 may differ slightly from the values presented in the appendix.

Legal basis: Article 17 (1) MAR - confidential information.   

Referring to the current report no. 44/2017 on the conclusion by a subsidiary of an annex to the framework agreement on bank guarantees concluded with PKO BP S.A., the Management Board of Centrum Nowoczesnych Technologii S.A. (the "Issuer", the "Company") informs that on 5 November 2018 it was informed that a subsidiary GET EnTra Sp. z o.o. (the "Subsidiary") and PKO BP S.A. signed a new Framework Agreement for granting bank guarantees (the "Agreement") up to the total amount of approximately PLN 27.2 million (the "Limit"), provided that the Limit in the above amount is valid until 1 February 2019, and strating from 2 February 2019 the Limit will be lowered to the amount not exceeding approximately PLN 25.9 million, earmarked for securing the Subsidiary's liabilities under the following contracts and agreements:

- trade agreements for the supply of electricity and/or gas,

- contracts for delivery of property rights - certificates of origin,

- participation in auctions for the purchase of cross-border capacity,

- participation in the transmission of electricity and/or gas through the Electricity and/or Gas Transmission System Operator,

- an obligation to lodge a collateral deposit by active members of teh Stock Exchange to the Exchange Clearing House on the Commodity and/or Financial Market,

- office space lease agreements.

The guarantees will be granted in PLN and the Limit is non-renewable. The period of validity of guarantees issued by the Bank within the Limit may not exceed 18 months from the date of issue of the guarantee or a change to the guarantee hereof. The Issuer also explains that bank guarantees granted to the Subsidiary by the Bank on the basis of the existing framework agreement for granting bank guarantees, as well as a bank guarantee for the benefit of the Warsaw Commodity Clearing House in the amount of approximately PLN 6.6 million have been included in the Limit.

The condition for granting the guarantee under the Agreement shall be fulfilment of corporate , formal and legal requirements specified in the Agreement hereof.

The Bank's claims on account of execution of the guarantees granted under the Limit will be secured with the following: (i) a blank promissory note issued by the Ordering Party together with a promissory note declaration, (ii) a registered pledge up to the highest collateral amount of PLN 40.8 million established on cash receivables under one of the sales agreements concluded by the Subsidiary, (iii) a registered and financial pledge up to the highest collateral amount of PLN 40.8 million established on the Subsidiary's accounts maintained by the Bank, (iv) a power of attorney to the Subsidiary's account at by the Bank and to the Subsidiary's accounts with other banks in the event of their opening during the guarantee validity period, (vi) a transfer of funds to the Bank's account in the amount of 1.25 million (vii) a surety granted by the Issuer on general terms for the Subsidiary's liabilities under bank guarantees up to the total amount of approximately PLN 14.7 million, where the surety applies up to 150% of the guaranteed guarantees.

The remaining terms and conditions of the Agreement do not differ from the market standards applied for this type of agreements.

Legal basis: Article 17(1) MAR - confidential information.

Referring to current reports no. 50/2017 and 37/2017 concerning the execution of the construction contract entitled "Construction of the Malczyce water barrage on the Odra river" (the"Agreement", the "Project"), the Management Board of Centrum Nowoczesnych Technologii S.A. with its registered office in Sosnowiec (hereinafter referred to as the "Company", the "Issuer") hereby announces that on 25 October 2018 the Company was informed that on the same day the scope and value of finishing works related to the execution of the Project in 2019 was agreed between Przedsiębiorstwo Gospodarki Wodnej Polskie Polskie Regionalny Zarząd Gospodarki Wodnej in Wrocław (the „Ordering Party") and the the Bankruptcy Trustee of MAXER S.A. in bankruptcy (the „Contractor"). The Issuer reminds that the Company executes the Project as the General Subcontractor acting as the Leader of the Consortium together with ETP S.A. with its registered office in Katowice – the  Partner of the Consortium.

In accordance with the agreements made between the Contractor and the Ordering Party, the scope of works and lump sum remuneration of the Contractor have been established, yet the Company assumes that based on the existing rules of cooperation and contractual regulations linking the Consortium as the General Subcontractor with the Contractor, the expected value of remuneration due to the General Subcontractor for the execution of finishing works agreed for 2019 will amount to PLN 19.8 million net. The lump sum remuneration agreed above , in the estimated net amount of approximately PLN 1.5 million, does not include the General Subcontractor's remuneration for organizing a process of passage of vessels through newly-built structures of the water barrage and regulation of flow through the water barrage.

The Issuer's participation in the works carried out by the Consortium is similar to that of the Consortium Partner.

Under the aforementioned agreements, the conditions of the Project implementation have not been changed significantly in the remaining scope.

Legal basis: Art. 17 (1) MAR - confidential information.