Current Report 7/2016

Only the Polish version of this document is legally binding.

This translation is provided for information only.

Every effort has been made to ensure the accuracy of this publication.

The Management Board of INPRO S.A. (the "Company") informs that on 04/04/2016 it received a notice of entry by the Gdańsk-North District Court in Gdańsk, 3rd Land and Mortgage Division on 15/03/2016, in section IV of land and mortgage register No. GD1G/00064314/4, of a contractual real estate mortgage on the assets of INPRO S.A. of considerable value. 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. 10/067/15/Z/OB of 22/12/2015 up to the amount of PLN 24,300,000.00.

The Company advised of the conclusion of the credit agreement in current report No. 50/2015 of 22/12/2015.

The mortgage entries were made in division IV of land and mortgage register No. GD1G/00064314/3 and concern the following:

the contractual real estate mortgage established for the Bank up to the sum of PLN 36.450.000 thus securing the principal, interest and other costs following from credit agreement No. 10/067/15/Z/OB of 22/12/2015, encumbering the perpetual usufruct right of INPRO S.A. to real estate covered by the Chmielna Park project, building C, located in Gdańsk, Chmielna Street, for which real estate the Gdańsk-North District Court keeps land and mortgage register No. GD1G/00064314/3.

The value of the asset (land) on which the above security was established is, in the books of accounts of INPRO S.A., PLN 6,133,894.20.

There are no connections between the Company, its managers and supervisors and the Bank and its managers.

The book value of the asset on which the security was established does not exceed 10% of the Company's equity.

The basis for the submission of this report is the fact that the value of the mortgage is in excess of the equivalent of 1,000,000 euros calculated with reference to the average rate published by the National Bank of Poland on the date on which the obligation to provide information arose.

Detailed legal grounds: § 5 par. 1 item 1 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information submitted by the issuers of securities and on the conditions for regarding information required by the law of a non-member state as equivalent (Dz. U. [Journal of Laws] of 2009, No. 33, item 259 of 28 February 2009, as amended)

Legal grounds: Article 56 par. 1 item 2 of the Public Offering Act – current and periodic information