The Management Board of Wawel S.A. (joint-stock company) (hereinafter referred to as the Issuer), with reference to the information contained in the current report number 1/2017 dated on 2nd January 2017, announces that present assessment of the situation described in this report suggests that cooperation with a key business partner will be continue.

It should be noted that the scope of this cooperation will be probably limited, and finally it could lead to the decreasing of sales of the Issuer in 2017.

At the moment, taking into account the state of negotiations with a key business partner and the mutual business relationships, it is difficult to indicate in details the scale of decreasing of sales in 2017. Past share in sales of an entity, with which the negotiations are ongoing, represents approx. 25% of the total sales of the Issuer.

WAWEL SA published this content on 16 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2017 17:10:08 UTC.

Original documenthttp://www.wawel.com.pl/relations.php/en/reports/reports/2-2017-update-of-important-information-concerning-the-estimated-level-of-sales-of-the-issuer-in-the-next-quarters-of-2017.html

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