Dear Shareholders, This is yet another year when we deliver to you

Dear Shareholders,
This is yet another year when we deliver to you financial statements of
ROBYG SA.
2015 was a very good year for ROBYG Group in terms of its financial
results. The net economic profit was PLN 107 million and net profit
reached PLN 82 million, i.e. a 75.3% y-o-y increase. During this time the
company contracted a record number of 2333 units (including cancellations), which allowed
the company to retain a high position among Polish stock exchange listed developers. These
results are the effect of, among others, effective planning of development operations and
active involvement of the Management Board, the sales team and all other employees, who
I'd like to thank for their contribution into creating the value of ROBYG Group.
In 2015, ROBYG SA has been added to the WIGdiv index, and following an annual indices
review carried out by the Stock Exchange, it will also be listed in the mWIG40 index. I trust
this will be reflected in the level of liquidity of the company's shares on the market and in
increased interest of investors, both domestic and foreign. Stock market analysts regularly
issue their recommendations with increasingly higher target prices. As many as 10 out of 12
analyses issued in 2015 included a "buy" recommendation.
ROBYG Group intends to continuously supplement its land bank and systematically launch
new investments, continue debt control policy and share generated profits with its
Shareholders. The dividend policy assumes recommendation of the dividend from profits for
2015 at the level of 75% to 80% of the net consolidated profit, whereas for years 2016 and
2017 at the level of 65% to 80% of the consolidated net profit. I am of the opinion that
every well prospering company should share its profits with shareholders who trusted the
company. Therefore, the Supervisory Board approved the motion of the Management Board
concerning the payment of the dividend for 2015. The recommendation of the Management
Board determines the dividend at PLN 0.20 per share, i.e. over PLN 52 million in total. This
means that the dividend yield is almost 7% of the market value of ROBYG SA's shares.
I am certain that our further work carried out in line with adopted strategy, flexibly adjusted
to market conditions, as well as commitment of our employees will result in further creation
of the company's value. For 2016, ROBYG Group sets itself new goals such as reaching the
ROBYG S.A. z siedzibą w Warszawie (02-972) przy al. Rzeczypospolitej 1, wpisana do Krajowego Rejestru Sądowego prowadzonego przez Sąd
Rejonowy dla Miasta Warszawy XIII Wydział Gospodarczy Krajowego Rejestru Sądowego pod numerem KRS 0000280398 o kapitale
zakładowym w wysokości 26.309.200,00 PLN opłacony w całości, REGON 140900353, NIP 525-23-92-367
Tel.: +48 22 419-11-00; fax.: +48 22 419-11-03; e-mail: [email protected]
contracting level of 2600 units, which, should the market conditions permit, will be possible
to achieve.
Oscar Kazanelson, Chairman of the Supervisory Board of ROBYG SA
ROBYG S.A. z siedzibą w Warszawie (02-972) przy al. Rzeczypospolitej 1, wpisana do Krajowego Rejestru Sądowego prowadzonego przez Sąd
Rejonowy dla Miasta Warszawy XIII Wydział Gospodarczy Krajowego Rejestru Sądowego pod numerem KRS 0000280398 o kapitale
zakładowym w wysokości 26.309.200,00 PLN opłacony w całości, REGON 140900353, NIP 525-23-92-367
Tel.: +48 22 419-11-00; fax.: +48 22 419-11-03; e-mail: [email protected]