Intercapital Property Development ADSIC, a company incorporated and conducting business in the Republic of Bulgaria, registered with the Commercial Registry by the Bulgarian Registration Agency under number EIK 131397743, having its seat and registered address in Sofia, 7a Aksakov Street, floor 4 (hereinafter referred to as "ICPD") reports that Łuczyński i Wspólnicy Sp.k. on 10 August, 2011 ceases to be the Authorised Adviser of ICPD.

Reason for the termination of the Authorised Adviser's engagement is the lapse of annual deadline referred to in § 18.3 of the NewConnect Alternative Trading System Rules.

Legal basis: § 3.1 of Exhibit No 3 of the NewConnect Alternative Trading System Rules.