SHARE SALES APPROVAL

A shareholder who intends to sell his/her shares in connection with the restriction arising from § 15.1 of the Articles of Association of the Zakłady Lotnicze nr 1 SA [the Company] should:

1. Submit a request to the Managing Board for their approval to shares selling. The request should contain the following data:

   Written requests for share sale approval can be submitted at the Company’s seat (ul. Dubois 119, 93-465 Łódź) or by post at the following addresses:

1. • Wojskowe Zakłady Lotnicze nr 1 S.A., ul. Dubois 119, 93-465 Łódź
   • Capitali Inwestment Sp. z o.o. ul. Smocza 6A, 31-069 Kraków
2. The share sale approval request form is available on the Company’s website (www.wzl1.mil.pl) or at the Company’s Legal Services Office.
3. Within 8 weeks after submission of the request for share sale approval the Managing Board shall issue either its written approval for shares sale or it shall indicate another Buyer who will buy the shares under conditions set forth in §15.1 of the Articles of Association of the Zakłady Lotnicze nr 1 SA.

Obtaining a written approval of the Company’s Managing Board is a necessary condition to conclude the transaction under pain of nullity.

ENTRY IN SHARE REGISTER

In order to register the transaction in the share register of the Company, the Buyer of the shares should undertake the following steps:

1. Submit the request to the Company’s Managing Board to make appropriate modifications in the share register.
2. The original or a copy of documents that confirm conclusion of the transaction and the shares ownership transfer (sales agreement, donation agreement, etc.) should be attached to the request.
3. The request form is available on the Company’s website (www.wzl1.mil.pl) or at the Company’s Legal Services Office.
   Written requests can be submitted at the Company’s seat (ul. Dubois 119, 93-465 Łódź) or by post at the following addresses:
   • Wojskowe Zakłady Lotnicze nr 1 S.A., ul. Dubois 119, 93-465 Łódź
   • Capitali Inwestment Sp. z o.o. ul. Smocza 6A, 31-069 Kraków
4. The Company’s Managing Board shall make appropriate entries to the share register having completed the procedure arising from § 341of the Code of Commercial Companies (i.e. it shall notify the shares Seller in writing about the intention to take out his/her authorisations from the share register and it shall set a two-week timeframe for raising a possible objection. Raising an objection by the Seller of the shares stops making the entry.