Interim financial statement for the period from January 1 to June 30, 2015 of Towarzystwo Finansowe SKOK S.A.

Interim financial statement for the period from January 1 to June 30, 2015 of Towarzystwo Finansowe SKOK S.A. All amounts are expressed in Polish Zloty (unless provided otherwise) Reporting currency : PLN Gdańsk, 17 August, 2015 1

BASIC INFORMATION ABOUT THE COMPANY Name (business name) Registered office: Address: Towarzystwo Finansowe Spółdzielczych Kas Oszczędnościowo-Kredytowych Spółka Akcyjna (joint-stock company) Gdańsk ul. Arkońska 11, 80-387 Gdańsk Telephone: (+48 58) 511 20 00 Fax: (+48 58) 511 20 01 E-mail: Website: tfskok@tfskok.pl www.tfskok.pl In accordance with the Polish Classification of Activities, the main area of the Company operations is as follows: 6519Z - other auxiliary financial activities, excluding insurance and pension funds. The Supervisory Board In the first half of the year 2015 the composition of the Supervisory Board has not changed. At the date of the report, the Supervisory Board consists of the following persons: Grzegorz Michał Bierecki Chairman of the Supervisory Board, Grzegorz Paweł Buczkowski Vice Chairman of the Supervisory Board, Andrzej Sosnowski Secretary of the Supervisory Board, Jarosław Szymon Bierecki Member of the Supervisory Board, Andrzej Paweł Szumański Member of the Supervisory Board. The Management Board At the date of the report, the Management Board consists of the following persons: Ewa Bereśniewicz-Kozłowska Chairperson of the Management Board, Cezary Godziuk Member of the Management Board, Marcin Golas Member of the Management Board, Alicja Kuran-Kawka Member of the Management Board, Tomasz Krasiński Member of the Management Board. 2

A. SELECTED FINANCIAL DATA SELECTED FINANCIAL DATA of Towarzystwo Finansowe SKOK S.A. (joint stock company) in thousand PLN in thousand EUR first half of 2015 first half of 2014 first half of 2015 first half of 2014 period from 1 st January 2015 to 30 th June 2015 period from 1 st January 2014 to 30 th June 2014 period from 1 st January 2015 to 30 th June 2015 period from 1 st January 2014 to 30 th June 2014 I Revenues from sales 51 103 57 192 12 361 13 688 II Gross profit (loss) from sales 7 082 10 125 1 713 2 423 III Profit (loss) from sales 1 338 3 327 324 796 IV Profit (loss) from operations 2 020 3 880 489 929 V Profit (loss) before tax 222 1 500 54 359 VI Profit (loss) 120 1 067 29 255 VII VIII IX Net cash flows from operations Net cash flows from investments Net cash flows from financial activities 1 422 (5 969) 344 (1 429) (6 967) (2 587) (1 685) (619) (14 058) (10 471) (3 400) (2 506) X Total net cash flows (19 603) (19 027) (4 741) (4 554) XI Total Assets* 478 634 498 418 114 113 116 936 XII Liabilities and provisions for Liabilities* 136 313 146 642 32 499 34 404 XIII Share capital (fund)* 191 610 191 610 45 682 44 955 XIV Equity* 342 321 351 776 81 614 82 532 XV Number of shares 191 610 386 191 610 386 191 610 386 191 610 386 XVI Profit (loss) per share (PLN/EUR) 0,001 0,004 0,000 0,001 XVII Profit (loss) per One privileged share (PLN/EUR) 0,001 0,007 0,000 0,001 XVIII Book value per share (PLN/EUR) 1,79 1,84 0,43 0,43 * Balance sheet data in the "first half of 2014: the period from 1 st January 2014 to 30 th June 2014" in PLN thousand and EUR thousand are presented as at 31 st December 2014 (section 89 (1) (1) RMF WSE). Financial data presented in EUR have been converted according to the following principles: individual items of assets and liabilities at average NBP exchange rate prevailing on the balance sheet date, i.e. on 30 th June 2015: PLN 4.1944 and for comparable data at average NBP exchange rate prevailing on the balance sheet date, i.e. on 31 st December 2014: PLN 4.2623; individual items in the profit and loss and cash flow according to the arithmetic average of exchange rates set by the NBP at the last day of each month, i.e. for the period 1 st January 2015 to 30 th June 2015: PLN 4.1341 for comparable data according to the arithmetic average of exchange rates set by the NBP at the last day of each month, i.e. for the period 1 st January 2014 to 30 th June 2014: PLN 4.1784. 3

Profit (loss) per share for each period is calculated by dividing net profit for the period by the weighted average number of shares during the reporting period. Diluted profit (loss) per share for each period is calculated by dividing net profit for the period by the weighted average diluted number of shares during the reporting period. Accounting value per one share is calculated by dividing the equity at the end of the period by the number of shares at the end of the period. Balance sheet as of June 30 2015 A. ASSETS ASSETS Note no As of 30.06.2015 As of 31.12.2014 As of 30.06.2014 FIXED ASSETS 338 262 342 355 347 987 Intangible assets 1 18 875 20 818 20 818 Tangible fixed assets 2 28 760 33 413 33 413 Long-term receivables 3 289 345 288 345 288 345 Other long-term investments 4 4 158 4 687 4 687 Assets due to deferred income tax 5 554 550 550 Other long-term prepayments 10 663 174 174 CURRENT ASSETS 140 372 156 063 128 929 Inventory 6 579 960 960 Short-term receivables 7 19 192 26 584 26 584 - short-term receivables - from related entities 17 256 24 142 24 142 - short-term receivables - from other entities 1 936 2 442 2 442 Receivables due to current income tax, customs, insurance 7 322 370 370 Other short-term receivables 7 1 329 1 183 1 183 Short-term financial assets 8 2 000 0 Cash, other pecuniary assets and equivalents 9 47 815 17 078 17 078 Cash in ATMs 9 80 791 79 154 79 154 Short-term prepayments 10 4 035 3 600 3 600 TOTAL ASSETS 478 634 498 418 476 916 4

B. Liabilities LIABILITIES Note no As of 30.06.2015 As of 31.12.2014 As of 30.06.2014 EQUITY 342 321 351 776 344 842 Share capital 11 191 610 191 610 191 610 Treasury shares (negative value) 11 (65) (60) (60) Supplementary capital from issuance of treasury shares above 12 141 006 141 006 141 006 Other supplementary capital 12 4 814 4 814 4 814 Other reserve capitals 13 5 405 6 405 6 405 Other reserve capitals- own shares purchases 13 1 000 0 Previous years' profits (losses) 0 0 0 Financial result of the financial year 8 006 1 067 1 067 Deductions from net profit during the financial year (negative value) 0 0 0 LIABILITIES AND PROVISIONS FOR LIABILITIES 136 313 146 642 132 074 Provisions for liabilities 2 796 3 069 3 069 Provision for deferred income tax 14 1 284 1 516 1 516 Provision for retirement and similar benefits 1 412 1 233 1 233 - long-term 1 139 840 840 - short-term 273 393 393 Other provisions 100 320 320 Long-term liabilities 15 18 683 760 760 credits and loans arising from issuance of debt securities 683 760 760 - other financial liabilities 18 000 0 0 Short-term liabilities 16 125 118 128 245 128 245 Trade liabilities and other liabilities 24 584 12 014 12 014 Loans, credits and debt securities issued 98 263 89 369 89 369 Other financial liabilities 1 680 25 846 25 846 Liabilities due to financial leasing 436 433 433 Liabilities due to current income tax 0 0 0 Special funds 155 583 583 Accruals 45-0 TOTAL LIABILITIES 478 634 498 418 476 916 5

ABRIDGED PROFIT AND LOSS ACCOUNT AND STATEMENT OF OTHER COMPREHENSIVE INCOME for the period from 01 January to 30 June 2015 Calculation variant from 01.01.2015 to 30.06.2015 for the period from 01.01.2014 to 30.06.2014 Revenue on sales (Note 20) 51 103 57 192 including, revenue on sales of services from related entities 39 706 44 414 Revenue on sales of services 50 548 55 853 Revenue on sales of goods and materials 555 1 339 Own cost of sales (cost of products, services, goods and materials sold) (Note 21) 44 021 47 067 Manufacturing cost of products sold 0 0 Cost of services sold 43 500 45 997 Cost of goods and materials sold 521 1 070 Gross profit (loss) on sales 7 082 10 125 Costs of sales 283 333 Overheads 5 461 6 465 Profit (loss)on sales 1 338 3 327 Other operating revenue (Note 22) 836 759 Other operating expenses (Note 22) 154 206 Profit (loss) on operating activity 2 020 3 880 Financial revenues (Note 23) 282 152 Financial expenses (Note 23) 2 080 2 532 Profit (loss) before tax 222 1 500 Income Tax 102 433 current part (Note 18) 324 666 deferred part (Note 19) (222) (233) Net profit (loss) on continued operations 1 20 1 067 Abandoned operations 0 0 Net profit (loss) 120 1 067 Net profit (loss) per share: (Note 24) PLN / share PLN / share on continued operations 0,001 0,004 on abandoned operations 0 0 Statement on other comprehensive income from 01.01.2015 to 30.06.2015 for the period from 01.01.2014 to 30.06.2014 Net profit (loss) 120 1 067 Changes in surplus on revaluation 0 0 Profit/loss due to programmes of specific benefits 0 0 Profit/loss due to revaluation on financial assets available for resale 0 0 Difference from reassessment 0 0 Effective part of profits/losses associated with instruments hedging cash flows 0 0 Total comprehensive income 120 1 067 6

ABRIDGED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE 2015 Changes in equity Abridged statement of changes in equity Share capital Suppleme ntary capital Treasury shares Other reserve capitalsadvanced dividend payment Other reserve capitals own Shares purchases Other reserve capitals dividend payment Net financial result of financial year Profit (loss) of previous years Deduction From net profit during the financial year Total Balance as of 01.01.2014 191 610 145 820 (60) 224 0 0 15 722 0 (4 771) 348 545 Net result for the period from 01.01.2014 to 30.06.2014 0 0 0 0 0 0 1 067 0 0 1 067 Distribution of financial result 0 0 0 0 0 0 (15 722) 15 722 0 0 Distribution of financial result, resolution of ZWZ 0 0 0 6 181 0 0 0 (6 181) 0 0 Dividends 0 0 0 0 0 0 0 (9 541) 4 771 (4 770) Balance as of 30.06.2014 191 610 145 820 (60) 6 405 0 0 1 067 0 0 344 842 Balance as of 01.01.2014 191 610 145 820 (60) 224 0 0 15 722 0 (4 771) 348 545 Net result for the period from 01.01.2014 to 31.12.2014 0 0 0 0 0 0 8 006 0 0 8 006 Issue of series shares 0 0 0 0 0 0 0 0 0 0 Distribution of financial result 0 0 0 0 0 0 (15 722) 15 722 0 0 Distribution of financial result, resolution of OGM 0 0 0 6 181 0 0 0 (6 181) 0 0 Dividend 0 0 0 0 0 0 0 (9 541) 4 771 (4 770) Creation of reserve capital- resolution EGM - dated 22.12.2014 r. 0 0 0 (1 000) 1 000 0 0 0 0 0 Purchases of own shares 0 0 (5) 0 0 0 0 0 0 (5) Balance as of 31.12.2014 191 610 145 820 (65) 5 405 1 000 0 8 006 0 0 351 776 7

Changes in equity Abridged statement of changes in equity Share capital Suppleme ntary capital Treasury shares Other reserve capitalsadvanced dividend payment Other reserve capitals own Shares purchases Other reserve capitals dividend payment Net financial result of financial year Profit (loss) of previous years Deduction From net profit during the financial year Total Balance as of 01.01.2015 191 610 145 820 (65) 5 405 1 000 0 8 006 0 0 351 776 Net result for the period from 01.01.2015 to 30.06.2015. 0 0 0 0 0 0 120 0 0 120 Issue of shares 0 0 0 0 0 0 0 0 0 0 Distribution of financial result 0 0 0 0 0 0 (8 006) 8 006 0 0 Creation of reserve capital- resolution EGM - dated 22.12.2014 r. 0 0 0 (1 533) 0 1 533 0 0 0 0 Dividends 0 0 0 0 0 (1 533) 0 (8 006) 0 (9 539) Purchases of own shares 0 0 (36) 0 0 0 0 0 0 (36) Balance as of 30.06.2015 191 610 145 820 (101) 3 872 1 000 0 120 0 0 342 321 8

ABRIDGED OF CASH FLOW ACCOUNT FROM 01 JANUARY TO 30 JUNE 2015 Indirect method from 01.01.2015 to 30.06.2015 for the period from 01.01.2014 to 30.06.2014 Cash flows from operating activities Profit before tax 222 1 500 Adjustments: 10 219 11 388 Depreciation 8 747 9 100 (Profit) loss on investment activities, including sales of tangible fixed assets (116) 25 (Profit) loss on exchange differences 0 0 Costs of interest 1 588 2 263 Dividends received 0 0 Cash on operating activities before recognising the changes in working capital 10 441 12 888 Change in inventory (580) 92 Change in receivables 696 (3 639) Change in liabilities (8 791) (15 936) Change in provisions (100) 280 Change in settlements of prepayments and accruals 104 1 091 Other adjustments 0 0 Cash generated from operating activities (1 770) (5 224) Income tax paid (348) (745) Net cash from operating activities 1 422 (5 969) Cash flows from investment activities Expenses on purchase on intangible assets and tangible fixed assets (2 485) (1 300) Inflows from purchase on intangible assets and tangible fixed assets 226 67 Proceeds from financial assets of other investments 46 0 Expenses on purchase of other investments (4 000) 0 Expenses on own shares purchases (754) (1 354) Dividends received 0 0 Net cash from investment activities (6 967) (2 857) 9

Cash flows from financial activities Net inflows due to issue of shares 0 0 Expenses on own shares purchases (35) 0 Raising of share capital 0 0 Other financial inflows 0 0 Other financial expenses (1 500) (16 000) Inflows due to drawing of credits and loans 0 12 351 Repayment of credits and loans (10 460) 0 Repayment of Liabilities due to financial leasing (389) (286) interest paid (1 674) (2 429) Dividends aid 0 (4 107) Net cash from financial activities (14 058) (10 471) Increase (decrease ) in net cash and cash equivalents (19 603) (19 027) Opening balance of cash and cash equivalents 128 606 115 259 Change in cash and their equivalents due to exchange differences 0 0 Closing balance of cash and cash equivalents, including: 109 003 96 232 Cash of limited availability 79 297 79 154 10

ADDITIONAL NOTES TO INTERIM FINANCIAL STATEMENTS 1. Compliance of the financial statements with the International Accounting Standards, reporting currency and the applied level of rounding. These interim financial statements for the period from 1 January to 30 June 2015 were drawn up in compliance with the IAS 34 "Interim Financial Reporting" and with the remaining International Accounting Standards / International Financial Reporting Standards (IFRS) applicable to interim financial reporting and the related interpretations announced in the relevant Regulations of the European Commission. 2. Assumption of business continuation, comparability of financial statements. reporting currency and the applied level of rounding. The interim financial statements for the period presented have been complied under the assumption that the business activity of the Company shall be continued in the foreseeable future and no prerequisites exist which would indicate any risk for the business. The Management Board of the Company confirms that the financial statement presented demonstrates the results and cash flows in reliable way. The abridged interim annual financial statement covers the data for the period from 01.01.2015 to 30.06.2015. The comparable data of the balance sheet items presented refer to the status as of 31.12.2014 whereas in case of other items, the comparable data cover the 1st half of 2014, i.e. from 01.01.2014 to 30.06.2014. The reporting and presentation currency of this financial statement is Polish zloty and all amounts are expressed in thousand Polish zloty (unless indicated otherwise). 3. The accounting principles applied The interim financial statements followed the same accounting policies and computation methods as in the last financial statement. The Company did not use a possibility of earlier application of new Standards and Interpretations which have already been published and approved by the European Union, to enter into force after the balance sheet day. 4. Information on allowance for uncollectible accounts for the inventory value to the achievable net value and on reversal of the allowance for uncollectible accounts due to this title. 11

31.12.2014 change 30.06.2015 allowance for uncollectible accounts for inventory (Note no 6) 76 0 76 5. Information on write-downs due to loss in value of financial assets, tangible fixed assets, intangible assets or other assets and reversal of such write-downs 31.12.2014 change 30.06.2015 Allowance on goodwill 1 142 0 1 142 Allowance for other long-term investments (Note no 4) 13 608 (+) 1 315 14 923 Allowance for uncollectible accounts 258 (+) 94 352 6. Information on establishment, consumption and release of provisions. 31.12.2014 change 30.06.2015 Provision for retirement and similar benefits 1 412 0 1 412 Other provisions 100 (-) 100 0 7. Information on provisions and assets due to deferred income tax. 31.12.2014 change 30.06.2015 Assets due to deferred income tax 554 (-) 6 548 Provision due to deferred income tax 1 284 (-) 228 1 056 8. Information on significant transactions of purchase and sales of tangible fixed assets. 12

According to the Issuer s opinion, no significant transactions of purchase or sales of tangible fixed assets were concluded. For more information see Note no 2. 9. Information on significant liabilities due to purchase of tangible fixed assets. No significant liabilities occur due to purchase of tangible fixed assets. 10. Information on significant settlements due to lawsuits. No settlements of this type occurred. 11. Indicating the adjustments of errors of previous periods. No adjustments of errors of previous periods occurred. 12. Information concerning changes in economic situation and conditions of business operations which materially affect the fair value of financial assets and financial liabilities of the entity, whether these assets and liabilities are captured at fair value or the adjusted purchase price (depreciated cost). Neither changes of economic situation nor conditions of significant impact on assets and financial liabilities occurred. 13. Information on failure to repay a facility or loan, or infringement of material provisions of the facility or loan contract, in relation to which nor remedies were applied until the end of the reporting period. No cases of failure to repay any facilities or loans, and no infringement of material provisions of any facility or loan contract occurred. As of 30.06.2015 the value of the overdraft used amounted to PLN 87 803 thousand. 14. In case of financial instruments estimated at fair value information on the change in the way (method) of determining the fair value. No changes in the way (method) of determining the fair value of financial instruments estimated in the Company took place. For more information see Note no 17. 13

15. Information concerning changes in classification of financial assets due to the change in the purpose or use of such assets. In the period covered by this report, no changes in classification of financial assets occurred. The investment in shares of TZ SKOK Sp. z o.o. S.K.A. is still classified as "financial assets held for sale". 16. Information concerning changes in conditional liabilities or conditional assets which have occurred since the end of the previous financial year. Since the end of the last financial year the value of the Issuer s conditional liabilities has not changed. At present, the conditional liabilities do not occur. 17. Issues, redemptions and repayment of non-equity securities (including the period following the balance sheet day). In the first half of 2015 the value of the share capital has not changed and as of 30.06.2015 amounted to PLN 191 610 386. In the first half of 2015 the indebtedness of the Company due to KWIT issuance was reduced by PLN 1 500 thousand. As of the day of publication of the report, the total liabilities due to KWIT amount to PLN 18,000 thousand, of the following redemption dates: 13 October 2016 (PLN 3,000 thousand), 13 October 2017 (PLN 5,000 thousand), 12 October 2018 (PLN 5,000 thousand), 11 October 2019 (PLN 5,000 thousand). The security of KWIT constitutes: - registered pledge on movable property of the Company including 498 cash dispensers of SKOK 24; - surety for the liabilities of the Company granted by Towarzystwo Ubezpieczeń Wzajemnych SKOK S.A. 18. Type and amount of items affecting assets, liabilities, capital, net financial result, or cash flows that are unusual due to their nature, size or exerted influence. 14

No settlements of this type occurred. 19. Type and amounts of changes in value of estimated amounts presented in previous interim periods of the current financial year, or changes in value of estimated amounts presented in previous financial years. In the period covered by this report, no events referred to this item occurred. 20. Dividend paid (aggregate or per one share), divided into ordinary shares and other shares. The Annual General Meeting on April 28th, 2015 adopted a resolution on dividend payment. All the net profit of the Company for the period from 1 January 2014 to 31 December 2014 profit amounting to PLN 8,006,168.50 (say: eight million six thousand one hundred and sixty-eight zlotys and fifty grosz) shall be applied in payment of dividend for 2014 for the Company s Shareholders. Payment of dividend for the Company s Shareholders in the amount of PLN 9.540.057,28 (said: nine million five hundred forty thousand fifty seven zloty twenty eight groszy), what amounts to PLN 0,04 (said: four groszy) for each ordinary share, excluding own shares owned by the Company, and PLN 0,06 (said: six groszy) for each preference share, to be financed from the following sources: a) amount of PLN 8.006.168,50 (said: eight million six thousand one hundred sixty eight zloty fifty groszy) from the net profit earned in 2014, b) amount up to maximum value of PLN 1.533.888,78 (said: one million five hundred thirty three thousand eight hundred eighty eight zloty seventy eight groszy) from the reserve capital created under Act no. 5 of the Ordinary General Meeting of 23 April 2014. 191,579,045 shares of the Company was participating in the dividend: 97,766,167 ordinary shares, excluding own shares owned by the Company, and 93,812,878 shares without voting rights (non-voting shares), preferential in terms of dividend. The day of establishing the right to dividend was July 28th, 2015, and the payment date was August 18th, 2015. 21. Explanatory comments about the seasonality or cyclicality of operations in interim period. The Issuer does not conduct a seasonal or cyclical business. 15

22. Significant events after the end of interim period that have not been reflected in the financial statements for the interim period. On 17 March 2015 General Shareholders Meeting of the company Towarzystwo Zarządzające SKOK Sp. z o.o. spółka komandytowo-akcyjna passed a resolution on distribution of the profit of the year 2014. In accordance with the resolution the Issuer is entitled to the amount of 8 650 zł, after including the advance payment. Dividend will be paid until 30 September 2014. On July 16, 2015, an appendix to a credit agreement for an overdraft in PLN with Bank Zachodni WBK S.A. was signed for a revolving capital loan (renewable) in a loan account.under this Appendix the deadline for the loan (in an amount not exceeding PLN 100,000,000, which shall be used to finance the shipment of cash to ATMs operated by the Company) has been extended until July 31, 2015. Later the next appendix wes signed on July 31, 2015- the deadline for the loan was finally extended until august 14,2015 and was repaid on time. On 30th July 2015 the Company concluded a Cooperation Agreement for cash handling services for Towarzystwo Finansowe SKOK S.A. (hereinafter referred to as: "Agreement") with Bank Zachodni WBK S.A. (hereinafter referred to as: BZ WBK ). On the basis of this Agreement BZ WBK shall provide services including facilitation of money and cash handling service up to PLN 150 000 thousand (said: one hundred fifty million zloty). This new Agreement superseded the current model of injecting ATMs which has functioned based on money obtained from BZ WBK in form of working capital loan (revolving) in a credit account.. This Agreement was concluded for period of 3 months, i.e. until 31st October 2015. This Agreement was concluded for period of 3 months, i.e. until 31st October 2015. Security of BZ WBK debts shall constitute: 1. Transfer of debts due to an agreement for insuring money in ATMs and ATM trucks; 2. Bill of exchange with bill of exchange declaration issued by the Company. 16

3. Cash deposit of PLN 20 000 (said: twenty thousand zloty) securing claims of BZ WBK resulting from undue performance or failure to perform duties connected with credit card transactions by the Company. 4. Cash deposit of PLN 1 000 000 (said: one million zloty) securing claims of BZ WBK resulting from undue performance or failure to perform Company s duties. 17

I. I. SELECTED IMPORTANT NOTES TO THE INTERIM CONDENSED FINANCIAL STATEMENT 1. Intangible assets Change in intangible assets in the period from 01.01.2015 to 30.06.2015 Specification Goodwill Patents and licenses; computer software Advances for intangible assets Total Net balance sheet value as at 01.01.2015 11 184 7 384 307 18 875 Gross increase due to purchases 0 54 301 355 Gross decrease due to disposal, liquidation 0 0 0 0 Increase or decrease due to revaluation - due to transfer to IA 0 0 0 0 Impairment losses 0 0 0 0 Reversal of impairment loss 0 0 0 0 Increase in depreciation for the period (amortization) 0 (2 017) 0 (2 017) Decrease in depreciation in the period 0 0 0 0 Exchange rate differences 0 0 0 0 Other changes 0 (47) (104) (151) Net balance sheet value as at 30.06.2015 11 184 5,374 504 17 062 Balance as at 01.01.2015 Gross balance sheet value 12,326 28,793 307 41 426 Sum of accumulated depreciation and impairment losses (1 142) (21 409) 0 (22 551) Net balance sheet value 11 184 7,384 307 18 875 18

Balance as at 30.06.2015 Gross balance sheet value 12,326 28,801 504 41 631 Sum of accumulated depreciation and impairment losses (1 142) (23 427) 0 (24 569) Net balance sheet value 11 184 5 374 504 17 062 Intangible assets are the property of the company and do not constitute a security for the liabilities. There are no off-balance sheet intangible assets. The licenses include utility software used in the activity of the Company and licenses for the computer systems. The goodwill item in the amount of PLN 11.184 thousand consists of the goodwill obtained as a result of the merger with Global Cash Sp. z o.o. in 2010 in the amount of PLN 7.266 thousand and the goodwill obtained as a result of the merger with Hardware Software Outsourcing Sp. z o.o. in 2011 in the amount of PLN 3.918 thousand. 19

2. Tangible fixed assets Change in tangible fixed assets in the period from 01.01.2015 to 30.06.2015 Specification Land Buildings and structures Machines and technical equipment Vehicles Leased vehicles Other tangible fixed assets Advances for tangible fixed assets/ fixed assets under construction Total Net balance sheet value as at 01.01.2015 972 6 170 6 441 406 1 117 13 533 121 28 760 Increase due to purchases 0 0 1 463 0 932 125 1 224 3 744 Decrease due to disposal- liquidation 0 0 (89) (677) 0 (47) 0 (813) Increase or decrease due to transfer 0 0 81 183 (174) 0 (25) 65 Impairment losses 0 0 0 0 0 0 0 0 Reversal of impairment losses 0 0 0 0 0 0 0 0 Increase in depreciation for the period (amortization) 0 (175) (1 961) (87) (229) (2 956) 0 (5 408) Decrease in depreciation in the period 0 0 88 610 0 10 0 708 Decrease in depreciation in the period due to transfer 0 0 0 0 0 0 0 0 Other changes - transfer between FA groups 0 0 (55) (309) 309 0 0 (55) Net balance sheet value as at 30.06.2015 972 5 995 5 968 126 1 955 10 665 1 320 27 001 Balance as at 01.01.2015 Gross balance sheet value 972 8 443 23 117 1 258 1 885 41 321 121 77 117 Sum of accumulated depreciation and impairment losses 0 (2 273) (16 676) (852) (768) (27 788) 0 (48 357) Net balance sheet value 972 6 170 6 441 406 1 117 13 533 121 28 760 Balance as at 30.06.2015 Gross balance sheet value 972 8 443 24 565 764 2 643 41 399 1 320 80 106 Sum of accumulated depreciation and impairment losses 0 (2 448) (18 597) (638) (688) (30 734) 0 (53 105) 20

Net balance sheet value 972 5 995 5 968 126 1 955 10 665 1 320 27 001 There are no off-balance sheet fixed assets. Subject of collateral of liabilities on fixed assets was described in point II.17 of Additional information explaining this mid-year abbreviated financial report in item regarding KWIT. In the presented period no write-downs due to impairment were created and no write-downs due to impairment were reversed 3. Long-term financial assets Specification as at 30.06.2015 31.12.2014 TZ SKOK Sp. z o.o. S.K A shares 288 340 288 340 Kasa Krajowa Stocks 5 5 KWIT 1 000 1 000 Total: 289 345 289 345 4. Other long-term investments Specification as at 30.06.2015 31.12.2014 Long-term investments 3 578 4 158 Total: 3 578 4 158 In the item Other long-term investments the Company recognizes the value of movables. These movables are leased to other entities under appropriate agreements. In the reporting period the Company has incurred expenditures for the aforementioned investments in the amount of PLN 754 thousand. 21

Change in the value of long-term investments Specification for the period from 01.01.2015 to 30.06.2015 Value at the beginning of the period 4 158 purchase of long-term investments 754 Increase or decrease due to revaluation (19) Impairment loss (1 315) Value at the end of the period 3 578 5. Deferred tax assets as at Specification 30.06.2015 31.12.2014 Deferred income tax assets 548 554 Change in the assets due to deferred income tax Specification for the period from 01.01.2015 to 30.06.2015 Assets due to deferred income tax at the beginning of the period, including: 554 recognized in the financial result 554 recognized in the equity 0 recognized in the goodwill 0 Increase recognized in the financial result of the period in connection with the negative temporary differences due to: 2 balance sheet valuation of settlements and fixed assets 0 22

tax losses to be deducted in the following years 0 interest from the valuation of KWIT commercial papers 2 creation of provisions for employee benefits 0 unpaid remunerations and social security contributions 0 Decrease recognized in the financial result of the period in connection with the negative temporary differences due to: 8 creation of provisions for employee benefits 0 Unpaid salaries and ZUS 3 interest from the valuation of KWIT commercial papers 0 balance sheet valuation of settlements and non-current assets 5 release of assets for external services 0 Assets due to deferred income tax at the end of the period, including: 548 recognized in the financial result (6) recognized in the equity 0 recognized in the goodwill or negative goodwill 0 23

6. Inventory Specification as at 30.06.2015 31.12.2014 Materials 1 136 551 Work in progress 0 0 Finished products 0 0 Goods 14 20 Advances for deliveries 9 8 Total net inventory 1 159 579 impairment loss for materials 76 76 impairment loss for work in progress 0 0 impairment loss for goods 0 0 Total gross inventory 1 235 655 balance sheet value of inventory recognized in the fair value less costs to sell 0 0 balance sheet value of inventory pledged as security for liabilities 0 0 No security for liabilities was established on the inventory. Specification for the period from 01.01.2015 to 30.06.2015 Value of inventory recognized as cost in the period (cost of material consumption) 634 impairment loss for inventory recognized as cost in the period 0 impairment loss for inventory reversed in the period 0 24

7. Trade receivables and other receivables Specification as at 30.06.2015 31.12.2014 Receivables from related entities 17 062 17 256 Trade receivables with a maturity of: 17 062 17 256 up to 12 months 17 062 17 256 above 12 months 0 0 other 0 0 claimed at court 0 0 receivables from other entities 3 109 3 587 Trade receivables with a maturity of: 1 855 1 936 up to 12 months 1 855 1 936 above 12 months 0 0 receivables from tax, subsidy, customs, social security and other benefits 223 322 other 1 031 1 329 claimed at court 0 0 Net short-term receivables, total 20 171 20 843 Impairment losses for trade receivables 352 258 Gross short-term receivables, total 20 523 21 101 TRADE RECEIVABLES - WITH MATURITY REMAINING FROM THE BALANCE SHEET DATE as at 30.06.2015 31.12.2014 up to 1 month 18 812 17 686 above 1 month to 3 months 92 1 408 above 3 months to 6 months 144 143 above 6 months to 1 year 211 213 above 1 year 10 0 25

Trade receivables, total (gross) 19 269 19 450 Impairment losses for trade receivables 352 258 Trade receivables, total (net) 18 917 19 92 8. Short-term financial assets Specification As at 30.06.2015 31.12.2014 KWIT 6 045 2 000 Total: 6 045 2 000 Specification For the period from 01.01.2015 30.06.2015 KWIT Balance at the beginning of the period 2 000 increase- acqusition of KWIT from ecard S.A. 4 000 Interests 45 Balance at the end the period 6 045 to 9. Cash and its equivalents and cash in ATM machines Restricted cash as at 30.06.2015 in the amount of PLN 79 297 000 constitute the cash in the ATM circulation. Specification as at 30.06.2015 31.12.2014 cash and other pecuniary assets 109 003 128 606 cash in hand and at bank 29 706 47 815 other cash (deposits and bonds) 0 0 other cash assets - ATM machines 79 297 80 791 26

Cash and its equivalents and cash in ATM machines, total 109 003 128 606 27

As of 31.12.2014 amount of cash in foreign currencies was equal to: EUR 62 539,99; USD 3 343,09; GBP 1,04, what constituted PLN 278 294,77. As of 30.06.2015 amount of cash in foreign currencies was equal to: EUR 190 857,35; USD 614,42; GBP 6,98; what constituted PLN 800 798,16. Fair value of cash is concurrent with its carrying value due to short period of its maturity. 10. Prepayments and accruals Specification as at 30.06.2015 31.12.2014 Short-term prepayments, including: 4 722 4 713 property and personal insurance 226 385 access to VisaNet 116 229 annual maintenance of the COKiT software 562 1 138 Red Hat Enterprise Linux renewal 32 50 surety of loan repayment 0 0 ZSZ project 444 408 PCI project 106 63 hardware and software services and warranties 2 442 2 056 Other 794 384 Accruals, including: 0 (15) sales invoice issued in the next reporting period 0 (15) PREPAYMENTS TOTAL: 4 722 4 698 SHORT-TERM PREPAYMENTS AND ACCRUALS, TOTAL: 3 994 4 035 LONG-TERM PREPAYMENTS AND ACCRUALS, TOTAL: 728 663 28

ACCURALS TOTAL: 172 45 29

11. Share capital As at 30.06.2015 the share capital is 191 610 000 zł and consists of fully paid 191 610 386 shares issued in twelve series: Nominal value of one share Series/issue 1 A Series Ordinary bearer shares - Type of share Restriction of rights to the shares Number of shares Value of the series/issue according to nominal value (in thousands zł) Form of capital coverage 15,162,850 15,163 cash contribution 3 631 650 3,632 non-cash contribution Date of registration Right to dividends (from the date) 22.07.2004 22.07.2004 1 B Series Ordinary bearer shares - 5,000,000 5,000 cash contribution 03.12.2004 01.01.2005 1 C Series Ordinary bearer shares - 5,000,000 5,000 cash contribution 12.04.2005 01.01.2006 1 D Series Ordinary bearer shares - 4,000,000 4,000 cash contribution 30.12.2005 01.01.2006 1 E Series Ordinary bearer shares - 5,000,000 5,000 cash contribution 20.07.2006 01.01.2007 1 F Series Ordinary bearer shares - 2,000,000 2,000 cash contribution 28.11.2006 01.01.2007 1 G Series Ordinary bearer shares - 3,000,000 3,000 cash contribution 08.12.2006 01.01.2007 1 H Series Ordinary bearer shares - 1,893,254 1,893 cash contribution 11.06.2008 01.01.2007 1 I Series Ordinary bearer shares - 19,897,668 19,897 Merger shares 09.02.2011 01.01.2011 1 J Series ordinary registered shares - 31,500,000 31,500 non-cash contribution 30.05.2011 01.01.2012 1 K Series registered preferred shares (non-voting) - 93,812,878 93,813 non-cash contribution 21.10.2011 01.01.2012 1 L Series ordinary registered shares - 1,712,086 1,712 non-cash contribution 19.12.2012 01.01.2014 Number of shares, total 191,610,386 191,610 Share capital 191,610,386 191,610 30

The ownership structure of share capital has not changed in relation to the previous reporting period. As at 30.06.2015 it was as follows: Shareholder Number of shares/pcs. Value of the capital (in thousands zł) Share in the capital SKOK Holding S.a.r.I. 61,428,048 61,428 32.06% Spółdzielcza Kasa Oszczędnościowo-Kredytowa im. F. Stefczyka 125 312 878 125,313 65.40% Other 4869,460 4,869 2,54% Total 191,610,386 191,610 100.00% As at 30.06.2015: - SKOK Holding S.a.r.l had 61 428 048 shares of the Company, representing 32.06% of the share in the share capital of the Company and entitling to 62.811% of the votes at the General Meeting. - Spółdzielcza Kasa Oszczędnościowo-Kredytowa im. F. Stefczyka had 125 312 878 shares of the Company, representing 65.40% of the share in the share capital of the Company and entitling to 32.209% of the votes at the General Meeting. As at 30.06.2015 the Company has 31 341 own shares with the balance sheet value of 101 thousand PLN: 10 907 own shares with the balance sheet value of 60 thousand PLN which it has obtained as a result of the acquisition of Hardware Software Outsourcing company on 09.02.2011; 20 434 own shares with the balance sheet value of 41 thousand PLN purchased through buy-back programme. The Management Board on December 22, 2014 pursuant to the authorisation granted by Resolution No. 3 of the Extraordinary Meeting of the Company of 22nd December 2014, adopted a resolution on adopting the Programme of own shares repurchase for the purposes of redemption. The content of the Programme was transferred to the public in the Current Report 23/2014 dated 22.12.2014 r. 31

On 4 February 2014 a Pledge Agreement was signed on the shares owned by SKOK Holding S.a.r.l, with Towarzystwo Ubezpieczeń Wzajemnych SKOK (hereinafter: TUW SKOK ) as a pledge, and SKOK Holding S.a.r.l. as a pledgor. The shares being subject to pledge constitute 32.06% of the Company s share capital. The pledge was established to secure fulfillment of the obligations of Krajowa Spółdzielcza Kasa Oszczędnościowo-Kredytowa (hereinafter: "KSKOK ), arising from the framework agreement of the loan, granted to KSKOK by TUW SKOK. 12. Supplementary capital Specification From the sales of shares above their nominal price, including a refund of TCLT in 2012. From the distribution of the financial result Supplementary capital acquired at the time of the acquisition of Hardware Software Outsourcing company From the distribution of the financial result of the Hardware Software Outsourcing company for the financial year from 18 February to 31 December 2010 in accordance with the Resolution of the Ordinary General Meeting of Towarzystwo Finansowe SKOK S.A. dated 30.06.2011. Issue of the J* series of shares (surplus of the share issue value over their nominal value and issue costs) as at 30.06.2015 31.12.2014 1,229 1,229 1,230 1,230 527 527 1,828 1,828 54,951 54,951 Issue of the K* series of shares (surplus of the share issue value over their nominal value and issue costs) 102,712 102,712 Coverage of losses from previous years in accordance with the Resolution of the Ordinary General Meeting of Towarzystwo Finansowe SKOK S.A. dated 20.06.2012. (19 635) (19 635) Issue of the L* series of shares (surplus of the share issue value over their nominal value and issue costs) 2,978 2,978 Supplementary capital at end of the period 145,820 145,820 * Settlement of the issue of J Series of shares, registered on 30.05.2011 by the District Court Gdańsk-Północ in Gdańsk, VII Commercial Division of the National Court Register 32

* Settlement of the issue of K Series of shares, registered on 31.10.2011 by the District Court Gdańsk-Północ in Gdańsk, VII Commercial Division of the National Court Register * Settlement of the issue of L Series of shares, registered on 19.10.2012 by the District Court Gdańsk-Północ in Gdańsk, VII Commercial Division of the National Court Register 13. Other reserve capitals Specification as at 30.06.2015 31.12.2014 Reserve capital created for the payment of dividends in the subsequent years * 3 872 5 405 Reserve capital created for financing buy-back programme- EGM resolution dated 22.12.2014 1 000 1 000 Total: 4 872 6 405 *On 28.04.2015 the Ordinary Company General Meeting adopted a resolution regarding the reduction of reserve capital created for payment of a dividend advance up to PLN 3 872 thousand. The amount of PLN 1 533 obtained as the result of reduction has been allocated for increase in the amount for payment of a dividend for division of the profit for 2014. 33

14. Deferred income tax provisions Change in the provisions due to deferred income tax as at Specification 30.06.2015 31.12.2014 Deferred income tax provisions 1 056 1 284 for the period Specification from 01.01.2015 to 30.06.2015 Provisions at the beginning of the period: 1 284 recognized in the financial result 1 284 recognized in the equity 0 recognized in the goodwill or negative goodwill 0 Increases recognized in the financial result of the period in connection with the positive temporary differences due to: 2 difference between balance sheet value and tax value 2 charging of interest on syndicated loans, deposits and treasury bills 0 Increases recognized in the financial result of the period in connection with reversal of the positive temporary differences due to: 230 charging of interest on syndicated loans, deposits and treasury bills 0 difference between balance sheet value and tax value 230 Provisions due to deferred income tax at the end of the period, total 1 056 recognized in the financial result 228 recognized in the equity 0 recognized in the goodwill or negative goodwill 0 The deferred tax was calculated on the basis of the 19% tax rate. 34

15. Long-term liabilities Specification as at 30.06.2015 31.12.2014 LONG-TERM LIABILITIES 19 048 18 683 to related entities, including: 19 048 18 683 liabilities due to financial leasing 1 048 683 other financial liabilities due to KWIT commercial papers 18 000 18 000 Other liabilities 0 0 to other entities, including: 0 0 liabilities due to financial leasing 0 0 other financial liabilities 0 0 35

16. Short-term liabilities Specification as at 30.06.2015 31.12.2014 SHORT-TERM LIABILITIES 114 625 125 118 Trade liabilities, including: 9 676 18 539 to other entities 4 033 3 537 to related entities 5 643 15 002 Other liabilities, including: 15 789 6 045 To other entities, including: 6 239 5 908 remuneration liabilities 1 800 1 857 tax liabilities (excluding CIT) 1 211 1 464 customs, insurance and other benefits liabilities 1 738 1 775 other liabilities 1 490 812 arising from the issue of debt securities 0 0 To related entities, including: 9 550 137 Other liabilities- dividend for 2014 9 550 137 Current income tax liabilities 0 0 Credits, loans and issued debt securities 87 803 98 263 Liabilities due to financial leasing, including 593 436 to other entities 0 0 to related entities 593 436 Other financial liabilities, including: 185 1 680 to related entities due to KWIT commercial papers 185 1 680 Special funds 579 155 As of 31.12.2014 the following liabilities denominated in foreign currencies occurred against: T SYS Card Tech EUR 3 thousand, Mulesoft. Inc. USD 31 thousand. Moreover, the liabilities for internet payments in foreign currencies amounted to: EUR 1 thousand and USD 3 thousand. As of 30.06.2015 the following liabilities denominated in foreign currencies occurred against: 36

T SYS Card Tech EUR 2 thousand and Comsec Consulting B.V. International Information Security EUR 29 thousand. Moreover, the liabilities for internet payments in foreign currencies amounted to: EUR 152 thousand. Fair value of short-term liabilities is concurrent with its carrying value due to short period of its maturity. 17. Financial instruments Categories and classes of financial instruments As at 30.06.2015 Categories of financial instruments Classes of financial instruments Note Loans and receivables Financial assets available for sale Financial liabilities Total Unquoted shares/stocks 3 0 288 345 0 288 345 Trade receivables and other receivables 7 20 171 0 0 20 171 Acquired debt securities (KWIT commercial papers) 3 7 045 0 0 7 045 Debt securities (KWIT commercial papers) 15,16 0 0 18 185 18 185 Credits 16 0 0 87 803 87 803 Trade liabilities and other liabilities 15,16 0 0 25 465 25 465 Liabilities due to leasing 15.16 0 0 1 641 1 641 27 216 288 345 133 094 448 655 37

Fair value of financial Instruments Classes of financial instruments Note As at 30.06.2015 As at 31.12.2014 Fair value Book Value Fair value Book Value Unquoted shares/stocks 3 no value 288,345 no value 288,345 Trade receivables and other receivables 7 20 171 20 171 20 843 20 843 Acquired debt securities (KWIT commercial papers) 3 7 045 7 045 3 000 3 000 Debt securities (KWIT commercial papers) 15,16 18 185 18 185 19 680 19 680 Credits 16 87 803 87 803 98 263 98 263 Trade liabilities and other liabilities 15,16 25 465 25 465 24 584 24 584 Liabilities due to leasing 15,16 1 641 1 641 1 119 1 119 160 310 448 655 167 489 455 834 Financial instruments for which a fair value cannot be reliably determined As at 30.06.2015 and as at 31.12.2014, the Company had unquoted shares and stock for which a reliable valuation of the fair value as at the balance sheet date could not be determined. There are no active markets for the shares/stock mentioned above and no comparable transactions in this type of instruments have been recorded. The value of shares/stock as at the balance sheet day has been recognized in the amount of 288 345 000 zł according to the purchase price. There was no indication that the purchase price should be reduced by the impairment loss write-down. Methods of valuation of financial instruments (fair value hierarchy) The fair value of financial instruments presented in this financial statement was established on the basis of data that can be directly or indirectly observed; the so-called Level 2 of fair value hierarchy. No financial instruments were transferred between the levels of the fair value hierarchy in the reporting period and the reference period. 38

Income tax Main components of the tax burden: for the period from 01.01.2015 to 30.06.2015 Gross profit (loss) 222 Differences between gross profit (loss) and taxable income (according to basis): 1 484 increasing the tax base 3 458 revenues increasing the tax base 47 non-tax deductible costs (temporary differences) 3 134 non-tax deductible costs (permanent differences) 277 decreasing the tax base 1 974 revenues deducted from the tax base (temporary differences) 0 revenues deducted from the tax base (permanent differences) 255 tax costs decreasing the tax base (permanent differences) 1 629 tax costs decreasing the tax base (temporary differences) 0 other decreases of income tax 90 Tax exempt revenues and tax deductions (donations) 0 taxable income 1 706 deduction from income - losses from the previous years 0 income tax base 1 706 income tax according to 19% rate 324 Profit and loss account Current income tax 324 Current income tax charge 324 Adjustments of the current tax from the previous years 0 Deferred income tax (222) Associated with the emergence and reversal of temporary differences (222) 39

Associated with the reduction of income tax rates 0 Tax burden disclosed in the profit and loss account 102 40

18. Deferred income tax Provisions from deferred tax due to: Specification Balance sheet as at 30.06.2015 31.12.2014 Profit and loss account for the period from 01.01.2015 to 30.06.2015 differences in the balance sheet value and tax value of intangible and fixed assets 1 056 1 284 (228) interest not received 0 0 0 Gross provisions from deferred tax 1 056 1 284 (228) Assets from deferred tax due to: tax losses to be deducted in the following years 0 0 0 unpaid social security contributions 173 176 3 provisions for employee benefits 269 269 0 interest from the valuation of KWIT commercial papers 36 34 (2) other: 70 75 5 Gross assets from deferred tax 548 554 6 Charges on the financial result due to deferred income tax X X (222) Charges on equity due to deferred income tax X X X Net provisions due to deferred tax 1 056 1 284 X Net assets due to deferred tax 548 554 X 41

19. Sales revenues Revenues from sales of services, including: Specification from 01.01.2015 to 30.06.2015 for the period from 01.01.2014 to 30.06.2014 commissions on Western Union transactions 1 225 1 575 COKiT 21 878 25 152 production and servicing of software 7 058 6 319 Call Center and e-skok online banking 6 274 6 739 IT outsourcing services 13 974 15 717 other services 139 351 Net revenues from the sales of services, total: 50 548 55 853 including from related entities 39 373 43 551 Revenues from the sales of goods and materials, including: Revenues from the sales of goods 555 1 339 Revenues from the sales of materials 0 0 Revenues from the sales of goods and materials, total: 555 1 339 including from related entities 333 863 Revenues from sales, total, including: 51 103 57 192 domestic sales 51 103 57 192 including from related entities 39 706 44 414 export sales 0 0 including from related entities 0 0 intra-community sales 0 0 including from related entities 0 0 42

20. Costs by type Specification from 01.01.2015 to 30.06.2015 for the period from 01.01.2014 to 30.06.2014 Amortization 8 747 9 100 Consumption of materials and energy 1 875 2 603 External services 17 872 19 458 Taxes and charges 395 396 Remunerations 15 651 15 777 Social security and other benefits 3 772 3 877 costs of an occupational pension scheme 287 257 Other costs by type 514 486 Costs by type, total 49 113 51 954 Change in inventory, products and prepayments and accruals 131 841 Value of goods and materials sold 521 1 070 Manufacturing cost of products for internal purposes 0 0 Costs of sales (negative value) (283) (333) General and administrative costs (negative value) (5 461) (6 465) Manufacturing cost of products, services sold 44 021 47 067 21. Other operating revenues and costs for the period Specification from 01.01.2015 to 30.06.2015 from 01.01.2014 to 30.06.2014 Other revenues 836 759 Profit from the disposal of fixed assets 116 0 Received compensations 21 80 Subsidies / refunds from the Labour Fund 0 205 43