**Current report 74/2018 (10.09.2018)**

**Title:**

Statement of the Issuer’s Management Board on the final amount of the Company’s share capital increase

**Legal basis: **

Art. 17 sec. 1 Market Abuse Regulation

**Message:**

The Management Board of URSUS S.A. informs that in the 10th September 2018, made a statement in the form of a notarial deed on the final amount of the Company’s share capital increase and declared that:

1) the Extraordinary General Meeting of the company URSUS S.A. in Lublin with the resolution no. 6/2018 on increasing the Company’s share capital by means of issuance of S series ordinary bearer shares, complete exclusion of the current shareholders from the right of subscription of S series shares and change of the Company’s Articles of Association dated the 31 August 2018, among other things, increase the Company’s share capiutal by the amount not lower that 1 (one) PLN and not higher than 5.918.000 (five milion nine hundred eighteen thousand) PLN, i.e. from the amount 59.180.000 (fifty nine milion one hundred eighty thousand) PLN to the amount not lower than 59.180.001 ((fifty nine milion one hundred eighty thousand one) PLN and not higher than 65.098.000 (sixty five milion ninety eight thousand ) PLN by means of issuance of S series ordinary bearer shares, with a nominal value of PLN 1.00 (one) each,

2) on the basis of the resolution no. 6/2018 of the Extraordinary General Meeting of the company URSUS S.A. dated the 31 August 2018, described in point 1) above, on increasing the Company’s share capital by means of issuance of S series ordinary bearer shares, complete exclusion of the current shareholders from the right of subscription of S series shares and change of the Company’s Articles of Association 5.420.000 (five milion four hundred twenty thousand) S series shares have been acquired and paid, of the nominal value of PLN 1.00 (one) each, i.e. of the total nominal value 5.420.000,00 PLN (five milion four hundred twenty thousand).

3) on the basis of art. 431 § 7 in connection with art. 310 § 2 and § 4 of the Code of Commercial Companies, with regard to the above, the Issuer’s Management Board specified the final the amount of the Company's share capital described in § 7 of the Company’s Articles of Association in such way that the Company's share capital is 64.600.000 PLN (sixty four million six hundred thousand PLN), it is divided into 64.600.000 (sixty four million six hundred thousand) ordinary bearer shares of the nominal value of PLN 1.00 (one) each and it is comprised of:

a) 700,000 (seven hundred thousand) series A shares numbered from No. A 0000001 (one) to No. A 0700000 (seven hundred thousand),

b) 400,000 (four hundred thousand) series B shares numbered from No. B 0000001 (one) to No. B 0400000 (four hundred thousand),

c) 800,000 (eight hundred thousand) series C shares numbered from No. C 0000001 (one) to No. C 0800000 (eight hundred thousand),

d) 600,000 (six hundred thousand) series D shares numbered from No. D 0000001 (one) to No. D 0600000 (six hundred thousand),

e) 900,000 (nine hundred thousand) series E shares numbered from No. E 0000001 (one) to No. E 0900000 (nine hundred thousand),

f) 320,000 (three hundred twenty thousand) series F shares numbered from No. F 0000001 (one) to No. G 0320000 three hundred twenty thousand),

g) d) 600,000 (six hundred thousand) series G shares numbered from No. G 0000001 (one) to No. G 0600000 (six hundred thousand),

h) 360,000 (three hundred sixty thousand) shares of series H with serial numbers from H 0000001 (one) to H 0360000 three hundred sixty thousand),

i) 4,000,000 (four million) series I shares numbered from No. I 0000001 (one) to No. I 4000000 (four million),

j) 6,000,000 (six million) series J shares numbered from No. J 0000001 (one) to No. J 6000000 (six million),

k) 7,500,000 (seven million five hundred thousand) series K shares numbered from No. K 0000001 (one) to No. J 7500000 (seven million five hundred thousand).

l) 4.000.000 (four million) series N shares numbered from No. N 0000001 (one) to No. N 4000000 (four million),

m) 15.000.000 (fifteen million) series O shares from No. O 00000001 (one) to No. O 15000000 (fifteen million).

n) 4 100 000 (four million one hundred thousand) series P share numbered from No. P 0000001 (one) to No. P 4100000 (four million one hundred thousand),

o) 8 900 000 (eight million nine hundred thousand) series Q shares numbered from No. Q 0000001 (one) to No. Q 8900000 (eight million nine hundred thousand),

p) 5 000 000 (five million) series R shares numbered from No. R 0000001 (one) to R 5000000 (five million),

r) 5 420 000 (five milion four hundred twenty thousand) series S shares from No. S 0000001 (one) to S 5420000 (five milion four hundred twenty thousand).

4) with reference to the above, § 7 of the Company’s Articles of Association shall have the following new content:

„§ 7.

1. The Company’s share capital is PLN 64.600.000 (sixty four million six hundred thousand PLN) and is divided into 64.600.000 (sixty four million six hundred thousand) ordinary bearer shares with a nominal value of PLN 1.00 (one) each. The shares are comprised of:

a) 700,000 (seven hundred thousand) series A shares numbered from No. A 0000001 (one) to No. A 0700000 (seven hundred thousand),

b) 400,000 (four hundred thousand) series B shares numbered from No. B 0000001 (one) to No. B 0400000 (four hundred thousand),

c) 800,000 (eight hundred thousand) series C shares numbered from No. C 0000001 (one) to No. C 0800000 (eight hundred thousand),

d) 600,000 (six hundred thousand) series D shares numbered from No. D 0000001 (one) to No. D 0600000 (six hundred thousand),

e) 900,000 (nine hundred thousand) series E shares numbered from No. E 0000001 (one) to No. E 0900000 (nine hundred thousand),

f) 320,000 (three hundred twenty thousand) series F shares numbered from No. F 0000001 (one) to No. G 0320000 three hundred twenty thousand),

g) d) 600,000 (six hundred thousand) series G shares numbered from No. G 0000001 (one) to No. G 0600000 (six hundred thousand),

h) 360,000 (three hundred sixty thousand) shares of series H with serial numbers from H 0000001 (one) to H 0360000 three hundred sixty thousand),

i) 4,000,000 (four million) series I shares numbered from No. I 0000001 (one) to No. I 4000000 (four million),

j) 6,000,000 (six million) series J shares numbered from No. J 0000001 (one) to No. J 6000000 (six million),

k) 7,500,000 (seven million five hundred thousand) series K shares numbered from No. K 0000001 (one) to No. J 7500000 (seven million five hundred thousand).

l) 4.000.000 (four million) series N shares numbered from No. N 0000001 (one) to No. N 4000000 (four million),

m) 15.000.000 (fifteen million) series O shares from No. O 00000001 (one) to No. O 15000000 (fifteen million).

n) 4 100 000 (four million one hundred thousand) series P share numbered from No. P 0000001 (one) to No. P 4100000 (four million one hundred thousand),

o) 8 900 000 (eight million nine hundred thousand) series Q shares numbered from No. Q 0000001 (one) to No. Q 8900000 (eight million nine hundred thousand),

p) 5 000 000 (five million) series R shares numbered from No. R 0000001 (one) to R 5000000 (five million),

r) 5 420 000 (five milion four hundred twenty thousand) series S shares from No. S 0000001 (one) to S 5420000 (five milion four hundred twenty thousand).

2. Series A shares have been paid up in their entirety in kind before the registration of the Company. Series B, C, D, E, F, G, H, I, J, K, N, O, P, Q, R, S shares have been paid up in their entirety in cash before the share capital of the Company was increased by issuing shares of series B, C, D, E, F, G, H, I, J, K, N, O, P, Q, R, S respectively.”

The uniform text of the Issuer’s Articles of Asociation is enclosed to this report.

The provisions of the Articles of Association of the Company shall become effective from the day of registration by the Registry Court.

The Issuer will publish a report summarising the issuance of S series shares through a private subscription after registration of the share capital increase by the Registry Court.