Meeting the condition precedent

Date

2015-11-10

Current report no.

33/2015

Management Board of TIM SA with its registered office in Wrocław (hereinafter: “Company”) acting pursuant to § 5, sec.1, point 4 and § 10 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodical information published by issuers of securities as well as the conditions for the recognition as equivalent of the information required by the legal regulations of the country that is not the Member State (Journal of Laws of 2014, No. 133, consolidated text) with reference to the information about the sale of a part of the real property located in Siechnice at ul. E. Kwiatkowskiego 24, announced to the public on 03.11.2015 (current report No. 32/2015), informs that on 09.11.2015 it was informed about the fulfilment of the condition precedent, referred to in the above mentioned report, consisting in entering by the District Court in Oława, on 06.11.2015 and on 09.11.2015, the entity which acquired the real property, referred to above, i.e. HE Enterprises Sp. z o.o. with its registered office in Warsaw hereafter (“Buyer”), as the perpetual usufructary of the above mentioned real property into the Land and Mortgage Register WR1O/00037080/6 and as the owner of the property in the Land and Mortgage Register KW WR1O/00043002/1.

In the report No. 32/2015 of 03.11.2015 the Management Board of TIM SA informed that in the agreement for the sales of a part of the real property located in Siechnice at ul. E. Kwiatkowskiego 24, concluded between TIM SA and HE Enterprises Sp. z o.o. with its registered office in Warsaw, specified in the report, referred to above, (hereinafter: “Sales Agreement”) the Parties agreed that the execution of the Sales Agreement, and thus their realization of the transaction expressed in the Sales Agreement, will take effect on the date the Court enters the Buyer in the Land and Mortgage Register KW No. WR1O/00037080/6 as the perpetual usufructary of the land based on the Land and Mortgage Registry applications contained in the Sales Agreement. Pursuant to the wording of Article 27 of the Act on Real Estate Management (consolidated text, Journal of Laws of 2015, item 782, as amended) the law-creating effect in the form of acquisition of the perpetual usufruct right takes effect upon making the entry in the Land and Mortgage Register.
In addition, in the report, referred to above, the Management Board of TIM SA also announced that the lease agreement, referred to in the above mentioned report, was concluded under the condition precedent which is the delivery of the Real Property by the Buyer to the Seller under the concluded Sales Agreement. The delivery of the real property, referred to above, took effect on 09.11.2015.

2015-11-10, Maciej Posadzy – Member of the Board
2015-11-10, Anna Slobodzian-Pula – Member of the Board