TOWER INVESTMENTS SA (54/2017) Conclusion of a significant agreement by an associated company

Legal attitude: Art. 17 para. 1 MAR - confidential information. Tower Investments SA Management Board ("Company") informs that today Gatid Investments Sp. z o.o. ("Seller"), in which Tower Investments Sp. z o.o. (a subsidiary of the Company) holds 50% of shares, concluded with Projekt Konstruktorska Sp. z o.o. with its registered office in Warsaw ("the Buyer"), a subsidiary of Metropolitan Investment SA, a preliminary agreement ("Agreement") for the sale of a part of a commercial and service premises, with an area of ​​approximately 1,358 m2, and an adjacent multi-station garage with an area of ​​approximately 755,58 m² located at ul. Konstruktorska in Warsaw ("Real Estate"). The net purchase price of the Real Property will be PLN 1,750,000 net and the amount calculated in such a way that it will enable the Buyer to achieve profitability of 7.5% per annum (including rent and annual fixed costs related to property maintenance). The promised contract will be concluded by December 20, 2017, provided that all conditions set out in the Agreement are met by that date (including establishment of land and mortgage registers, conclusion of a lease agreement with Jeronimo Martins Polska SA) Contract was considered significant because of its value.

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

Company information
Company name:Tower Investments SA
Adress: ul. Rumiana 49 02-956 Warszawa
Phone:+48 22 2997334

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