Announcement.

VARSAV VR SA (23/2017) Transactions performed by persons discharging managerial responsibilities

Legal basis: Article 19 para. 3 MAR - information on transactions carried out by persons discharging managerial responsibilities. The Management Board of Varsav VR S.A. ("Issuer" "Company") with its registered office in Warsaw informs that on the basis of a notification prepared in accordance with art. 19 para. 1 of the Regulation of the European Parliament and the Council (EU) No. 596/2014 of 16 April 2014 by Magdalena Rosiński, a person closely related to Łukasz Rosiński - a person in the Issuer's organizational structure as a member of the Supervisory Board, thanks to which he has permanent access to confidential information, the Company took information about the sale of the Issuer's shares by Magdalena Rosinska. From the information provided, it appears that Łukasz Rosiński sold 24,000 shares of the Issuer on July 31, 2017. The transaction was concluded outside the trading system. The Issuer has attached the notification referred to above.

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

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Company information
Company name:Varsav VR SA
ISIN:PLYORIM00019
NIP:521-359-78-81
Adress: ul. Puławska 11 02-515 Warszawa
Phone:+48 22 1004841
website:www.varsav.com

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