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Current Report no 3 / 2013

Information on planned activities

Legal basis:  Article 56 section 1 point 1 of the Act on Public Offering - confidential information

Report content:

The Management Board of FOTA S.A. with its registered office in Gdynia ("the Company", "the Issuer") hereby informs that it has adopted a plan of acting with a view to improving the effectiveness of the Company's operational activity as well as changing its strategic position.

As a part of the plan, the Company intends to implement projects aiming at improvement of the current customer service standard as well as reaching new groups of customers with the company’s offer. The activities planned with a view to improving the customer service standard involve, among other things, a change in the approach to offer construction as well as the principles of its allocation on the point of sale level. Reaching new groups of customers is connected with the development of the offer and a change in the format of the points of sale.

The Issuer has undertaken multidirectional activities aiming at obtaining additional capital for implementation of the prepared programmes. To this end, an agreement has been concluded with a financial and investment advisor.

The adopted package of actions also involves restructuring of the existing sales network, including liquidation of a part of the points of sale in its initial period. The Company performs regular assessment of its branches with regard to their effective use of the available resources and their ability to generate results on the expected level.  Based on the effectiveness assessment, the Company's Management Board has taken decision on liquidation of a part of the branches. The capital released in this way shall be allocated to implementation of the prepared projects in the remaining points of sale. The basic effect of the process is supposed to be better allocation of the Company's existing resources, i.e. providing higher return.

Signatures of the persons representing the Company:
Paweł Gizicki – President of the Management Board
Adrian Smeja - Member of the Management Board

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