RB 149/2017 Termination of the agreement with z PricewaterhouseCoopers Sp. z o.o. on examining the financial statements of the Company

In regards to RB 142/2017 dated June 9th, 2017, the Management Board of AmRest Holdings SE (“AmRest”, ”the Company”) informs about termination by the mutual agreement of the parties on June 14th, 2017 of the agreement dated 18 June 2015 (“Agreement”), under which PricewaterhouseCoopers Sp. z o.o. with its seat in Warsaw, Al. Armii Ludowej 14, listed on the list of registered auditors under no. 144 (“PWC”) was entitled to examine the financial statements of the Company for the years 2015 – 2017.

The Agreement was terminated with effect from May 31st, 2017.

The reason for termination of the Agreement was to comply with the requirements of new regulations introducing mandatory rotation of statutory auditors in public-interest entities (provisions of the Act of 11 May 2017 on statutory auditors, audit firms and public supervision (Journal of Laws 2017, Item 1089) and Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC).

Legal act:

§ 5 (1) (20) of the Ordinance of the Minister of Finance on Current and Periodical Information Submitted by Issuers of Securities and the Requirements for the Recognition as Equivalent of the Information Required under the Laws of Non-Member Countries of 19th February 2009 (Dz.U. 2014 item 133)