Management Board Member Appointment

Report number 40/2019

Legal basis: Art. 56(1)(2) of the Act on Public Offering- current and periodic information

The Management Board of DEVELIA S.A. (“the Issuer”) inform that today, i.e. 21 October 2019, the Issuer’s Supervisory Board have appointed, as of 21 October 2019, Mr Paweł Ruszczak to the Management Board of the Issuer, who assumed the position of Management Board Member.
Information pertaining to the newly appointed Member of Management Board:

Mr Paweł Ruszczak has higher education. He graduated from the Warsaw School of Economics (SGH). He has been engaged in the development business from 14 years. Before that period, he had worked in the banking sector.

Professional experience:

2015-2019 – Member of Management Board at Archicom S.A.
2009-2015 – Finance Director at Archicom Group
2006-2009 – Deputy Finance Director and Finance Director at Orco Poland Sp. z o.o., belonging to the Orco Property Group SA, a Polish group of companies
2000-2005 – Employed with AmerBank Polska (DZ Bank Group) and Raiffeisen Bank Polska SA.
2014-2019 – Member of Supervisory Board at AWM Budownictwo S.A.

Mr Paweł Ruszczak is not engaged in any activity competing with the Company, does not participate in any business which is a Company’s competitor as a partner in a private or other partnership or a shareholder of any company, and is not engaged in any legal entity as member of its governing body, and furthermore, does not appear on the Register of Insolvent Debtors kept pursuant to the National Court Register Act .

Legal basis: Article 56(1)(2)(a) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies (Dziennik Ustaw [Journal of Laws] of 2005, No. 184, item 1539 as amended) in connection with Section 5(5) of the Regulation of the Minister of Finance of 29 March 2018 on Current and Periodic Information Published by Issuers of Securities and on Conditions for Regarding Information Required by Law of Non-Member State as Equivalent (Dziennik Ustaw [Journal of Laws] of 2018, item 757).