The Board of Directors of IMS Spółka Akcyjna with its registered office in Warsaw (“the Company”) informs that in the period from 12.03.2018 to 16.03.2018 the Company acquired, through IPOPEMA Securities S.A., 5,131 shares (five thousand one hundred and thirty one) own shares at the average unit price of PLN 3.78. The total acquisition price, including the cost of acquisition, amounted to PLN 19,462.45.

In line with information communicated by IPOPEMA Securities S.A.:

• on 12.03.2018 1,513 IMS S.A. shares were acquired constituting 0.0045% share in the share capital of the Company and 0.0045% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.78;
• on 13.03.2018 1,000 IMS S.A. shares were acquired constituting 0.0030% share in the share capital of the Company and 0.0030% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.79;
• on 14.03.2018 700 IMS S.A. shares were acquired constituting 0.0021% share in the share capital of the Company and 0.0021% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.78;
• on 15.03.2018 1,318 IMS S.A. shares were acquired constituting 0.0039% share in the share capital of the Company and 0.0039% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.76;
• on 16.03.2018 600 IMS S.A. shares were acquired constituting 0.0018% share in the share capital of the Company and 0.0018% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.84.

Detailed list of transactions conducted in the period from 12.03.2018 to 16.03.2018 is included in the attachment to this report.

The nominal value of one share is PLN 0.02, and the total nominal value of shares acquired on the dates mentioned above was PLN 102.62. The acquired block of 5,131 shares constitutes 0.0153% of Company share capital and gives 5,131 votes constituting 0.0153% votes in the General Shareholder Meeting of the Company.

At present the Company holds in total 559,441 own shares, constituting 1.67% of Company share capital and giving 559,441 votes constituting 1.67% of votes in the General Shareholder Meeting of the Company.

Detailed legal basis:  Article 2 paragraph 2 and 3 of the COMMISSION DELEGATED REGULATION (EU) 2016/1052

The Board of Directors of IMS S.A. informs of the receipt on 15 March 2018 of the notification pursuant to Article 19 paragraph 1 of the Market Abuse Regulation from the Vice President of the Board of IMS S.A. Mr Piotr Bielawski – regarding the disposal of 10,000 shares of IMS S.A.

The notification constitutes an attachment to this report.

The Board of Directors of IMS Spółka Akcyjna with its registered office in Warsaw (“the Company”) informs that in the period from 05.03.2018 to 09.03.2018 the Company acquired, through IPOPEMA Securities S.A., 6,438 shares (six thousand four hundred and thirty eight) own shares at the average unit price of PLN 3.79. The total acquisition price, including the cost of acquisition, amounted to PLN 24,433.34.

In line with information communicated by IPOPEMA Securities S.A.:

• on 05.03.2018 1,620 IMS S.A. shares were acquired constituting 0.0048% share in the share capital of the Company and 0.0048% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.81;
• on 06.03.2018 1,580 IMS S.A. shares were acquired constituting 0.0047% share in the share capital of the Company and 0.0047% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.78;
• on 07.03.2018 820 IMS S.A. shares were acquired constituting 0.0024% share in the share capital of the Company and 0.0024% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.78;
• on 08.03.2018 1,568 IMS S.A. shares were acquired constituting 0.0047% share in the share capital of the Company and 0.0047% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.78;
• on 09.03.2018 850 IMS S.A. shares were acquired constituting 0.0025% share in the share capital of the Company and 0.0025% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.77.

Detailed list of transactions conducted in the period from 05.03.2018 to 09.03.2018 is included in the attachment to this report.

The nominal value of one share is PLN 0.02, and the total nominal value of shares acquired on the dates mentioned above was PLN 128.76. The acquired block of 6,438 shares constitutes 0.0192% of Company share capital and gives 6,438 votes constituting 0.0192% votes in the General Shareholder Meeting of the Company.

At present the Company holds in total 554,310 own shares, constituting 1.65% of Company share capital and giving 554,310 votes constituting 1.65% of votes in the General Shareholder Meeting of the Company.

Detailed legal basis:  Article 2 paragraph 2 and 3 of the COMMISSION DELEGATED REGULATION (EU) 2016/1052

The Board of Directors of IMS S.A. informs of the receipt on 27 February 2018 of the notification pursuant to Article 19 paragraph 1 of the Market Abuse Regulation from the Vice President of the Board of IMS S.A. Mr Dariusz Lichacz – regarding the disposal of 123,500 shares of IMS S.A.

The notification constitutes an attachment to this report.

The Board of Directors of IMS Spółka Akcyjna with its registered office in Warsaw (“the Company”) informs that in the period from 20.02.2018 to 23.02.2018 the Company acquired, through IPOPEMA Securities S.A., 3,606 shares (three thousand six hundred and six) own shares at the average unit price of PLN 3.67. The total acquisition price, including the cost of acquisition, amounted to PLN 13,252.80.

In line with information communicated by IPOPEMA Securities S.A.:

• on 20.02.2018 1,125 IMS S.A. shares were acquired constituting 0.0034% share in the share capital of the Company and 0.0034% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.54;
• on 21.02.2018 850 IMS S.A. shares were acquired constituting 0.0025% share in the share capital of the Company and 0.0025% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.59;
• on 22.02.2018 350 IMS S.A. shares were acquired constituting 0.0010% share in the share capital of the Company and 0.0010% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.72;
• on 23.02.2018 1,281 IMS S.A. shares were acquired constituting 0.0038% share in the share capital of the Company and 0.0038% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.81;

Detailed list of transactions conducted in the period from 20.02.2018 to 23.02.2018 is included in the attachment to this report.

The nominal value of one share is PLN 0.02, and the total nominal value of shares acquired on the dates mentioned above was PLN 72.12. The acquired block of 3,606 shares constitutes 0.0108% of Company share capital and gives 3,606 votes constituting 0.0108% votes in the General Shareholder Meeting of the Company.

At present the Company holds in total 543,532 own shares, constituting 1.62% of Company share capital and giving 543,532 votes constituting 1.62% of votes in the General Shareholder Meeting of the Company.

Detailed legal basis:  Article 2 paragraph 2 and 3 of the COMMISSION DELEGATED REGULATION (EU) 2016/1052

The Board of Directors of IMS S.A. (“the Company’, “the Issuer”) informs that taking into consideration the very good estimated results of the IMS Group for the year 2017, of which the Issuer informed on 14.02.2018 with ESPI 5/2018 report, and the very good financial position of the Issuer and the IMS Group, it will recommend to the Supervisory Board and the General Shareholder Meeting of the Company to pay out dividends for the year 2017 in the amount of PLN 20/100 per share. The above mentioned recommendation means that the maximum of PLN 6,699,979.80 will be allotted to pay out as dividends to Shareholders and that there is a 67% increase of dividend per share as compared to the dividend paid out for the year 2016. The dividend rate, based on the closing price of 19.02.2018, is 5.7%.

The dividend will cover not more than 33,499,899 shares. Due to the fact that the Company holds its own shares and the process of acquiring the Issuer’s own shares (which participate in the dividend) is in progress, the ultimate number of shares held by the Shareholders and giving right to dividends for 2017 as well as the amount of paid out dividend will be determined by the Board of Directors of the Company after the dividend has been approved by the Ordinary General Shareholder Meeting (“the OGSM”), as at the dividend record date. It is the intention of the Board to recommend to the OGSM to maintain the constant value of the dividend of PLN 20/100 per share for the year 2017.

The above mentioned recommendation is in line with the dividend policy implemented in the IMS Group and published in 26/2016 current report of 17.05.2016, which says that every year at least 60% of the consolidated net profit attributable to the parent company is allotted to be shared among the Shareholders.

Specific legal basis:

Article 38 paragraph 1 section 11 of the Regulations of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognition as equivalent the information required by laws of non-EU member states.

The Board of Directors of IMS S.A. (“the Company”, “the Issuer”) submits the attached estimated results of the IMS Capital Group for the year 2017, significantly higher than the financial projections for the Group published in ESPI current report No.15/2017 of 22 May 2017.

In connection with Resolution No. 19 of the Ordinary General Shareholder Meeting of IMS S.A. of 25 May 2017, the Board of Directors of IMS S.A. (“the Company”, “the Issuer”) provides attached the following:

– resolution No. 1 of the Board of Directors of IMS S.A. of 13 February 2018 regarding the adoption and specification of the terms and conditions of the Company Own Share Buy-back Programme;

– resolution No. 2 of the Board of Directors of IMS S.A. of 13 February 2018 regarding the terms and conditions as well as the procedure to exercise Tranche 1 of the Company Own Share Buy-back Programme.

The objective of the Share Buyback Programme is acquisition by the Company of not more than 1,000,000 (say: one million) own shares so as to:

• redeem them, or
• intend them for resale, or
• intended them for another legitimate purpose indicated by the Board of Directors of the Company.

To acquire the above mentioned shares, the Shareholder Meeting of the Company allotted the sum of PLN 2,500,000.00 (say: two million five hundred thousand), including, apart from the shares, also the cost of their acquisition.

The Programme shall run from 13 February 2018 to 31 March 2019; however, no longer than until the funds allotted to acquire the shares are exhausted. The Board of Directors of the Company, acting in the best interest of the Company, after consulting the Supervisory Board of the Company is authorised to:

• cease the acquisition of Shares before 31 March 2019 or before all the funds allotted for their acquisition are exhausted,
• resign from acquiring the Shares in whole or in part.

The Programme shall be carried out in tranches executed in the dates specified above. As part of Tranche 1 shares shall be acquired through an entity rendering investment services (a brokerage house). In Tranche 1 the Issuer intends to acquire not more than 60,000 shares and allots the sum of PLN 150,000.00 for this acquisition. Tranche 1 shall run from 20 February 2018 to 20 March 2018 unless the funds allotted for the acquisition of Tranche 1 are completely exhausted earlier.

Attachments:

– resolution No. 1 of the Board of Directors of IMS S.A. of 13 February 2018 regarding the adoption and specification of the terms and conditions of the Company Own Share Buy-back Programme;

– resolution No. 2 of the Board of Directors of IMS S.A. of 13 February 2018 regarding the terms and conditions as well as the procedure to exercise Tranche 1 of the Company Own Share Buy-back Programme.

The Board of Directors of IMS S.A. (“the Issuer”) informs that on 7th February 2018 the parties to the letter of intent of 17th October 2017 (“the Letter”), of which the Issuer informed in ESPI 36/2017 report, closed negotiations without reaching an agreement. The reason for prolonged and difficult negotiations was the findings and conclusions of the due due diligence audit. The due diligence audit showed a disparate picture and actual financial results of MakeSense Media Sp. z o.o. (“MSM”) than the ones the company and its controlling shareholder had presented before. The due diligence audit also revealed unknown before major risks relating to this company and its operations, which had a significant effect on negotiations and the discussed terms and conditions of the acquisition and further collaboration.