8/2017 - Selection of entity entitled to audit financial statements

The Management Board of Trakcja PRKiI S.A. ("Company") hereby informs that the Supervisory Board of the Company, on 23 May 2017, pursuant to Article 16 sec. 2 point 7 of the Articles of Association, appointed Deloitte Polska spółka z ograniczoną odpowiedzialnością sp. k., with its registered office in Warsaw, at Al. Jana Pawła II 19, 00-854 Warsaw, as an entity entitled to audit financial statements (qualification number granted by the National Chamber of Statutory Auditors: 73), who shall be entrusted with the following:

a)      review of a separate semi-annual financial statement of the Company for the first half of the year 2017 and 2018 and consolidated financial statement of Trakcja Group for the first half of the year 2017 and 2018;

b)     audit of a separate annual financial statement of the Company for 2017 and 2018, and consolidated financial statement of Trakcja Group for 2017 and 2018;

c)      audit of separate and consolidated annual financial statement for 2017 and 2018 of the companies within Trakcja Group;

d)     review of separate financial statement of the companies within Trakcja Group for the first half of the year 2017 and 2018.

The Company had previously used the services of the selected entity entitled to audit financial statements:

(i)  pursuant to the agreement executed on 18 November 2013 for performance of the agreed procedures concerning certain accounting issues. The service was provided for information purposes only.

(ii)     on the basis of the agreement of 10 June 2014, the selected entity was entrusted with the following: review of separate and consolidated semi-annual financial statements of the Company for the first half of the year 2014; audit of separate and consolidated annual financial statements of the Company for 2014; audit of separate and consolidated annual financial statements of the companies within Trakcja Group for 2014; review of separate of financial statements of the companies within Trakcja Group for the first half of the year 2014.

(iii) on the basis of the agreement of 3 August 2015, the selected entity was entrusted with the following: review of the separate semi-annual financial statement of the Company for the first half of the year 2015 and consolidated financial statement of Trakcja Group for the first half of the year 2015; audit of the separate annual financial statement of the Company for 2015 and consolidated financial statement of Trakcja Group for 2015; audit of separate and consolidated annual financial statements of the companies within Trakcja Group for 2015; review of separate financial statements of the companies within Trakcja Group for the first half of the year 2015.

(iv) on the basis of the agreement of 29 July 2016, the selected entity was entrusted with the following: review of the separate semi-annual financial statement of the Company for the first half of the year 2016 and consolidated financial statement of Trakcja Group for the first half of the year 2016; audit of the separate annual financial statement of the Company for 2016 and consolidated financial statement of Trakcja Group for