RANK PROGRESS SA (5/2018) Signing a preliminary share purchase agreement

The Management Board of Rank Progress S.A. with headquarters in Legnica (hereinafter: "Issuer") informs that on March 28, 2018 The Issuer has concluded with Remil Sp. z o.o. with a registered office in Włocławek, a share purchase agreement for shares in the company Omega Investments Sp. z o.o. based in Włocławek (hereinafter: "Preliminary Agreement"). Pursuant to the Preliminary Agreement, the Issuer intends to acquire 50% of shares in Omega Investments Sp. z o.o. based in Włocławek for the amount of PLN 20 million. The Final Agreement will be concluded on the day falling no later than within 7 (seven) days from the date of the fulfillment or waiver of the Conditions of Suspension, and in no case later than on December 31, 2018. The Issuer informs that the company Omega Investments Sp. z o.o. with its registered office in Włocławek ("the Company") is the only owner of the real estate constituting the plot of land with the registration numbers 13/6, 14/2, 15/2, 16/2, 13/13, 13/15, 13/17 and 13/19 located in Włocławek at Kapitulna i Długa St. with a total area of ​​8,9490 ha ("Real Property"), for which the District Court in Włocławek, VI Land and Mortgage Register keeps a land and mortgage register number WL1W / 00000774/1. The company realizes on the Real Estate investment consisting in the construction of a set of commercial and service facilities, including separate retail and service parts for the purpose of stores and service outlets (including a DIY store for business in the "Dom, Wnętrze, Ogród" industry). < / br> Due to failure to comply with the Preliminary Agreement, the Parties did not provide for the calculation of penalties.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Rank Progress SA
Adress: ul. Złotoryjska 63 59-220 Legnica
Phone:+48 76 7467766

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