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31/2015 Conclusion of a significant agreement.



The Management Board of Gremi Media S.A. (the ?Company?) announces that on September 29, 2015 the Company received confirmation of the contract dated September 28, 2015 concluded between Gremi Media S.A. as the Tenant, and Prosta Investments sp. z o.o., with its registered office in Warsaw, as the Lessor, whose subject is the lease of office space, temporary offices, storage rooms and server rooms with a total area of 3 517.61 square meters and parking spaces for the purpose of conducting the Company's business, located in the building Prosta Office Center Prosta street 51 in Warsaw, owned by the Lessor.

The agreement was concluded for the period from October 1, 2015 until January 1, 2019 in respect of offices, storage rooms and parking spaces and in relation to temporary offices for the period from October 1 to October 31, 2015 and in relation to the server rooms for an indefinite period.

With the lease the Tenant is obliged to pay monthly rent and service charges under the conditions specifically set out in the agreement.

The total estimated value of the rents and operating under the agreement for the entire period of its existence will be EUR 2 837 551.91 net, i.e. EUR 3 490 188.85 gross, which calculated according to the average exchange rate announced by NPB (National Bank of Poland) on the day of the agreement is PLN 12 012 492.26 net, i.e. PLN 14 775 365.49 gross.

The agreement was concluded subject to the condition.

Upon termination with immediate effect for reasons specified in the Agreement or termination for other reasons caused by the Tenant, the Tenant shall pay the Lessor a penalty in the amount equivalent to the rent for the time from the date of termination, to the day that the agreement was originally set out for, i.e. January 1, 2019 and to repair any damage to the Lessor in excess of the contractual penalty, which the Lessor incurred in connection with the termination of the Agreement (including lost profits). At the date hereof, the contractual penalty is EUR 2 496,915.14 i.e. PLN 10 570 440.55 at the average exchange rate announced by the NPB.

The payment of rent and service charges is secured with a bank guarantee and cash deposit.

The above arrangement is significant, i.e. it exceeds 10% of the equity of the Issuer.


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