Information about the number of flats/premises sold by the LC Corp Group companies in Q3 2015

Report number 081/2015

Legal basis: Art. 56.1.1 of the Act on Public Offering – confidential information

The Management Board of LC Corp S.A. (the “Issuer”) presents the information about the sale of flats/premises by the LC Corp Group companies in the third quarter of 2015, as compared to the third quarter of 2014, in the form of a table enclosed to this report.

The data include the number of developer and preliminary agreements (in the case of residential premises after the occupancy permit has been obtained, and retail premises) reduced by withdrawals, without taking account of reservation agreements and agreements on the transfer of title.

Taking into consideration the current situation in the housing market, the macroeconomic outlook for Poland, assuming that the situation in financial markets in terms of mortgages is stable (banks maintain appropriate lending levels, interest rates are low), the Management Board believe that based on the land bank owned, LC Corp Group is able to maintain the existing level of sales (both in terms of volume and margin) over the coming years.

This information will be used for publications in the press.

In the opinion of the Issuer’s Management Board, this information is confidential in the meaning of Art.154 of the Act on Trading in Financial Instruments of 29 July 2005.

Legal basis: Art. 56.1.1 of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies of 29 July 2005