Management Board of CPD S.A. (hereinafter the 'Issuer') informs that on 31 March 2021, the Issuer and the Issuer's subsidiaries, i.e. Challange Eighteen sp. z o.o., Lakia Enterprises Ltd based in Nicosia (Cyprus) and Smart City spółka z ograniczoną odpowiedzialnością sp.k. by mutual consent terminated an investment agreement concluded on 10 September 2014 with Unidevelopment S.A. and Unibep S.A. for the joint venture of a development investment in Warsaw, Ursus district under the name 'Smart City' ('Investment Agreement'). In connection with termination of the Investment Agreement, the Issuer's subsidiary (Challange Eighteen sp. z o.o.) acquired all the rights and obligations of a limited partner in Smart City spółka z ograniczoną odpowiedzialnością sp.k. from Unidevelopment S.A.

At the same time, the Issuer informs that an investment agreement concerning neighboring real estates, concluded with the participation of the Issuer and the Issuer's subsidiaries is in force and is being implemented.

Termination of the Investment Agreement took place due to its performance by the parties, i.e. the completion of the development project.

Legal basis:

Article 17.1 MAR - Inside information

Signatures of persons representing the Issuer:

Elżbieta Wiczkowska, Member of the Board, 31 March 2021

Iwona Makarewicz, Member of the Board, 31 March 2021

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CPD SA published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 17:48:03 UTC.