LEGAL DISCLAIMER

PLEASE READ THE FOLLOWING TERMS OF WEBSITE ACCESS AND THE INFORMATION PROVIDED CAREFULLY.

The prospectus for the public offering of shares of ED Invest S.A. with its registered office in Warsaw (the Company) was approved on September 9, 2010, by the Polish Financial Supervision Authority, the regulatory body overseeing the capital market in Poland. The prospectus is the sole legally binding document containing information about the Company and the public offering. The electronic version of the prospectus has been published in accordance with Articles 45 and 47 of the Act of July 29, 2005, on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2005, No. 184, item 1539, as amended).

The public offering is conducted exclusively within the territory of the Republic of Poland. The information on this website is not intended for publication or distribution outside the borders of the Republic of Poland. Outside the Republic of Poland, this Prospectus cannot be considered a proposal or an offer to acquire.

Neither the prospectus nor the securities it covers have been registered, approved, or notified in any jurisdiction outside the Republic of Poland, particularly under Directive 2003/71/EC of the European Parliament and Council of November 4, 2003, on the prospectus to be published in connection with a public offer or the admission of securities to trading, amending Directive 2001/34/EC, or the legal provisions concerning securities offerings applicable in the United States. The securities covered by this Prospectus cannot be offered outside the Republic of Poland (including in other European Union countries and the United States) unless such an offer could be legally made in a given country without additional legal requirements. Neither the Company nor any other entity acting on its behalf or in its favor has taken or will take any actions that could be considered as a public offering of ED Invest S.A. shares covered by this Prospectus in any country outside the Republic of Poland.

Laws in some countries outside the Republic of Poland may restrict the dissemination of information on these Internet pages. Any investor residing or having their registered office outside the Republic of Poland should familiarize themselves with the laws of Poland and the laws of other countries that may apply to them.

Before making an investment decision, investors should carefully read the prospectus, including the risk factors contained in the prospectus, as well as any supplements that may be published to the prospectus.

All investment decisions regarding the offered securities should be made after analyzing the entire content of the Prospectus.

Note: By accepting this disclaimer, you confirm that you have read, understood, and agree to the restrictions contained herein.

I declare that I have read, fully understand, and accept the content of the above disclaimers, and in particular, I confirm that:

1. I am not a U.S. resident (US Person) as defined under Regulation S, an implementing regulation of the U.S. Securities Act of 1933;

2. I am currently located in Poland.