Sale of Real Property by TIM’s Subsidiary - 3LP S.A.



Current report no.



Management Board of TIM SA with its registered office in Wrocław (hereinafter: “Company”) notifies that on 04.08.2021 TIM’s subsidiary 3LP S.A. with its registered office in Siechnice (hereinafter: “Seller”) and the company HE2 Wrocław 3 LP spółka z o.o. with its registered office in Warsaw, (hereinafter: “Buyer”), concluded an agreement for the sale of the perpetual usufruct right to land property situated in Siechnice consisting of the plots of land marked with registration numbers: 544/54, 544/55, 544/83, 544/85 situated at ul. Eugeniusza Kwiatkowskiego and 544/59 situated at ul. Henryka Sienkiewicza and Henryka III, with the total area of 41.411,00 m2 (forty-one thousand four hundred and eleven square meters), and of a building and structures erected on that real property constituting a separate real property and covered by the Land and Mortgage Register KW No. WR1O/00062692/3 kept by the District Court in Oława, IV Land and Mortgage Registry Department, for the price of PLN 4,555,210.00 (four million five hundred fifty-five thousand and two hundred and ten zlotys) net plus the due VAT.
The selling price was paid by the Buyer on 04.08.2021.

At the same time, the Management Board of TIM S.A. notifies that on 04.08.2021 the Seller received a lease agreement signed between the Seller and the Buyer, under which the Buyer undertook to build a warehouse and office building on the above-mentioned property with the area of ​​approx. 25 thousand sq.m. along with the accompanying infrastructure. After the building, referred to above, has been erected pursuant to the above-mentioned lease agreement, the Buyer shall let the above-mentioned real property to the Seller for the period from the date of the handover of the real property, which shall take effect not later than on 1 May 2022 to 9 August 2031.
In the opinion of the Management Board of TIM S.A. the remaining provisions of the agreement correspond to market conditions applicable to this type of agreements.
Management Board of TIM SA points that it has deemed the above information confidential within the meaning of the definition contained in Art. 7 MAR due to the fact that the conclusion of the above-mentioned agreements may influence the TIM Capital Group’s financial results.

2021-08-05, Krzysztof Folta – President of the Board
2021-08-05, Piotr Tokarczuk – Member of the Board