Prospectus - Notowania

donation or the acceptance of inheritance. The tax is payable within 14 days of the date the
relevant decision on the amount of tax liability was received from the head of the relevant tax
office. If a notary is involved in the transaction, he is obliged to withhold the tax due and
submit relevant tax returns. In principle, the rate of inheritance and donation tax depends on the
degree and kind of kinship or relationship or other personal ties between the testator and the
heir or the donor and the beneficiary. The tax rates increase progressively from 3% to 20% of
the taxable base, depending on the tax group in which the transferee belongs. The tax is levied
on the net market value of all property received by the beneficiary/donee. The property rights
acquired by the closest relatives (a spouse, descendants, ascendants, stepchildren, siblings,
stepfather and stepmother) are tax-exempt subject to filing an appropriate notice (SD-Z2) with
a head of the relevant tax office in due time. The aforementioned exemption applies if, at the
time of acquisition, the acquirer was a citizen of Poland, another European Union member
state, European Free Trade Association member state being party to the European Economic
Area Agreement or was a resident of Poland or such state. The foregoing may apply both to the
Shares and/or the Rights.
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