DOWNLOAD THE CURRENT NEWSLETTER WITH OUR RENTAL PORTFOLIO Search form Search PL MISSION AND STRATEGY MISSION: Thanks to our resources and expertise, we create great places to live and work. VISION: By 2023, we want to be the leading investor and a major property developer on the Polish real estate market, and increase the net asset value by over 50%, with ca. 40% payable to shareholders as dividend. Download: phn_-_glowne_zalozenia_strategii_grupy_kapitalowej_phn_na_lata_2017-2023_-_03.04.2017_0.pdf Polski Holding Nieruchomości S.A. al. Jana Pawła II 12, 00-124 Warszawa tel.: +48 (22) 850 91 00, fax: +48 (22) 850 91 01, e-mail: sekretariat@phnsa.pl

DOWNLOAD THE CURRENT NEWSLETTER WITH OUR RENTAL PORTFOLIO Search form Search PL HISTORY 1975 Completing the construction of INTRACO, Warsaw’s first skyscraper, at ul. Stawki 2 1977 Completing the construction of exhibition and commercial areas at ul. Bartycka 26 in Warsaw Polski Holding Nieruchomości S.A. al. Jana Pawła II 12, 00-124 Warszawa tel.: +48 (22) 850 91 00, fax: +48 (22) 850 91 01, e-mail: sekretariat@phnsa.pl

DOWNLOAD THE CURRENT NEWSLETTER WITH OUR RENTAL PORTFOLIO Search form Search PL RECOMMENDATIONS Analysts writing about Polish Real Estate Holding S.A. Brokerage Analyst E-mail Phone DM mBanku S.A. Piotr Zybała piotr.zybala@mdm.pl +48 22 438 24 04 DM BZ WBK S.A. Adrian Kyrcz adrian.kyrcz@bzwbk.pl +48 22 586 81 59 DM PKO BP S.A. Stanisław Ozga stanislaw.ozga@pkobp.pl +48 22 521 79 13 Societe Generale Leszek Iwaszko leszek.iwaszko@sgcib.com +48 22 528 43 32 UBS Michał Potyra michal.potyra@ubs.com +48 22 525 84 30 We invite you to read the recommendations of analysts. Data Recommending Recommendation Target Price (PLN) 2017-11-23 DM BZ WBK buy 22,10 2017-04-20 DM PKO BP S.A. buy 20,60 2016-11-04 DM BZ WBK buy 26,50 2015-10-05 DM PKO BP S.A. buy 20.70 Polski Holding Nieruchomości S.A. al. Jana Pawła II 12, 00-124 Warszawa tel.: +48 (22) 850 91 00, fax: +48 (22) 850 91 01, e-mail: sekretariat@phnsa.pl