Orbis : change of “ibis” hotel in Vilnius sale-purchase agreement signing date and purchase price

Current report no. 26/2018, June 29, 2018

Subject: change of "ibis" hotel in Vilnius sale-purchase agreement signing date and purchase price

Legal grounds: Article 17. 1 MAR - Confidential information.

The Management Board of "Orbis" Spółka Akcyjna (the "Issuer") hereby informs that on 29 June 2018, UAB Merko bustas, part of AS Merko Ehitus group, and UAB Hekon, subsidiary of Orbis S.A., signed an amendment to a preliminary sales-purchase agreement executed on 15 September 2016, by which UAB Merko bustas was to sell upon completion the "ibis" hotel building and parking premises to be built at Ceikiniu street 3, Vilnius.

With the amendment, the final sale-purchase agreement shall be executed until 16 July 2018. The postponement of the execution of the final agreement is due to additional technical works agreed between the parties on the premises, due to which also the final sales price has been increased by 0.1 million euros plus value added tax. Together with the additional works, the total sales price for the hotel building and land amounts to 8.7 million euros plus value added tax. Other conditions of the transaction remain unchanged and the postponement does not entail risk for the transaction's closing.

___________________________________________________________________________ "Orbis" S.A., 16 Bracka street, 00-028 Warsaw, registered in the District Court for the Capital City of Warsaw, XII Commercial Division, National Court Register [KRS], Register of Business Operators no. 0000022622, share capital of PLN 92,154,016 (paid-up in full), tax identification number NIP 526-025-04-69.