Announcement.

SOHO DEVELOPMENT SA (70/2018) Completion of the fourth round of the share buy back program. Purchase of own shares.

The Management Board of Soho Development Spółka Akcyjna (the "Company") informs about acquisition of own shares on September 27, 2018 as a result of settlement of the next round of the purchase program, announced on September 13, 2018.
As a result of settlement on 27 In September 2018, the Company acquired 7 339 449 (in words: seven million, three hundred and thirty-nine thousand, four hundred and forty-nine) bearer shares of the Company, each with a nominal value of PLN 0.10 (ten grosz), representing 17.9% of the share capital and share in the total number of votes at the AGM of the Company for the total amount of PLN 23,999,998.23, ie PLN 3.27 per share. According to the law, the Company does not exercise participation rights from its own shares.
Before settling the purchase offer, the Company did not own shares.
The Company or its subsidiaries did not own any other shares of the Company. There are no persons referred to in art. 87 par. 1 point 3 lit. c of the Act on Public Offering that hold shares in the Company. There are no votes from financial instruments referred to in art. 69b par. 1 point 2 and 69b par. 1 point 1 of the Act on Public Offering, held by the Company.
Own shares were purchased for redemption on the basis of an authorization granted pursuant to Resolution No. 5 of the Extraordinary General Meeting of the Company of June 22, 2017 regarding the authorization of the Management Board to purchase the Company's own shares for redemption. Funds for the acquisition of Own Shares by the Company came from a reserve fund established by the General Meeting pursuant to Resolution No. 6 of the Extraordinary General Meeting of the Company of June 22, 2017.
Acquisition of shares took place outside the regulated market, through Santander Bank Polska S.A. - Santander Brokerage Office.

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

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Company information
Company name:Soho Development SA
ISIN:PLNFI0400015
NIP:5261029318
Adress: ul. Mińska 25 03-808 Warszawa
Phone:+48 22 3231900
website:www.sohodevelopment.pl

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