TOWER INVESTMENTS SA (2/2018) Conclusion of a material agreement by a subsidiary

Tower Investments SA Management Board ("Company") informs that today Tower Investments Sp. z o.o., in which the sole shareholder is the Company, concluded - as the buyer - a preliminary agreement ("Agreement") for the sale of a non-residential premises with an area of ​​915.75 m2 ("Premises") located at ul. Czarnieckiego in Poznań, for a gross price of 5,433,000 (five million forty-three thousand zlotys). The agreed price will be paid as follows: - an advance of PLN 252,150 (two hundred and fifty two thousand one hundred and fifty) PLN until January 5, 2018; - 4.790.850.00 (four million seven hundred ninety thousand eight hundred fifty) zlotys on the day of concluding the final contract into a deposit account maintained by a notary public. The promised contract will be concluded within 14 (fourteen) days from the statutory deadline for notifying the competent authority against the notification of the intention to perform construction works in the Apartment, however, no later than by 31 March 2018. If all conditions specified in the Agreement are not met by 31 March 2018, the Contract will be terminated and the commitment to conclude the final agreement will expire. The contract was considered significant 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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