Current Report 26/2016

The Management Board of INPRO S.A. (the "Company") informs that on 03/11/2016 it received a notice of entry by the Gdańsk-North District Court in Gdańsk, 3rd Land and Mortgage Division on 25/10/2016, in section IV of land and mortgage register No. GD1G/000261213/4, of a contractual real estate mortgage on the assets of INPRO S.A.

That mortgage constitutes a legal security for the credit granted to the Company by mBank S.A. with its registered office in Warsaw, ul. Senatorska 18 ("mBank," the "Bank") on the basis of working capital credit agreement No. 10/009/16/Z/OB of 10/03/2016 up to the amount of PLN 31,000,000.00.
The Company advised of the conclusion of the credit agreement in current report No. 5/2016 of 10/03/2015.

The mortgage entry was made in division IV of land and mortgage register No. GD1G/000261213/6 and concerns the following:
the contractual real estate mortgage established for the Bank up to the sum of PLN 46,500,000 thus securing the principal, interest and other costs following from credit agreement No. 10/009/16/Z/OB of 10/03/2016, encumbering the perpetual usufruct right of INPRO S.A. to real estate covered by the Harmonia Oliwska project, stage I, located in Gdańsk, Opacka Street, for which real estate the Gdańsk-North District Court keeps land and mortgage register No. GD1G/000261213/6.
The value of the asset (land) on which the above security was established is, in the books of accounts of INPRO S.A., PLN 3,481,841.01.
There are no connections between the Company, its managers and supervisors and the Bank and its managers.
The Company's Supervisory Board gave its consent to establishing the above mortgage by way of resolution No. 3/2016 of 2 March 2016.

Detailed legal grounds: Article 17 par. 1 of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR))