ROBYG Group Financial results Q

ROBYG Group Financial results Q1-3 2017 Warsaw, November 16th 2017

HIGHTLIGHTS HIGHLIGHTS Q1-3 2017 * Including amounts kept on individual escrow accounts and in Mutual Funds. 2

Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 3

Summary Q1-3 2017 4

ROBYG Group- investments and financial activities Q1-3 2017* Financing NEW PLOTS- Warsaw NEW PLOTS- Gdańsk Bank loans: Total new facilities: PLN 72.4 million: Nowa Letnica: - investment loan (with the limit of PLN 32.4 million), - construction loan (with the limit of PLN 20 million). Stacja Nowy Ursus: - overdraft loan (with the limit of PLN 20 million). Shares: Raised funds: app. 79M PLN New issuance: 10% of share capital, Shares issuance price: 3 PLN per share. Total investment app. PLN 65.7 million with the potential for construction of app. 1250 units. PLN 48 million (plot areaapp. 4.6 ha)- preliminary purchase agreement of the plots in Warsaw on Włochy district with the potential for construction of app. 1000 units. PLN 17.7 million (plot areaapp. 1.3 ha)- preliminary purchase agreement of the plots on Wilanów district in Warsaw with the potential for construction of app. 250 units. Total investment app. PLN 42.3 million with the potential for construction of app. 1 500 units. PLN 42.3 million (plot areaapp. 4.6 ha)- purchase of the plots on Śródmieście district in Gdańsk with the potential for construction of app. 1 500 units. * In addition the Group has signed: the purchase agreement of the plots with the total area of app. 2.7 ha located in Gdańsk, Wrzeszcz district- the Group hasn t had defined the investment planes for the plots and the purchase agreement of the plots with the total area of app. 1.8 ha located in Warsaw, Tarchomin district- the transaction allowed to increase the land banking for Tarchomin district up to app. 850 units. 5

Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 6

ROBYG Group number of presold units Presold units in Q1-3 2017-2702 units (+28% Y/Y) 15% 56% 22% 10% 27% 9% 7

ROBYG Group Presale structure Q1-3 2017 Presold units in Q1-3 2017-2702 units (+28% Y/Y) District City % Bemowo Warsaw 11% Ursus Warsaw 11% Wilanów Warsaw 10% Mokotów Warsaw 8% Wola Warsaw 6% Piecki-Migowo Gdańsk 17% Letnica Gdańsk 14% Jasień Gdańsk 13% Wrzeszcz Gdańsk 10% 100% 8

ROBYG Group units on offer FINISHED GOODS ON OFFER: 3% 9

ROBYG Group revenue recognition (as at 30 September 2017) * Takes into account the units recognised for the projects, which are treated as JV projects. The results of these projects in accordance with the terms for the consolidation of results in ROBYG Group are presented in the line Post-tax share of the profit or loss of the joint ventures accounted for using the equity method. Recognition potential of units in revenues Units not presold and not recognised: 2422 Completed: 83* Under construction: 1167 Which construction has not started yet, but included in pre-sales process: 1172 Units presold and not recognised: 4172 Completed: 205 Under construction: 3210 Which construction has not started yet, but included in pre-sales process: 757 * Including 15 commercial units which are rented. 10

Number of units to be completed in 2017-2018 and also (contracted) / recognised in revenues until 30 September 2017 App. 6,000 units potential for recognition in revenues for 2017-2018 (incl. over 4 700 units already contracted) () number of contracted units 2016 2017 2018 Total 2017+2018 Królewski Park, Park Wola Residence, Green Mokotów, Villa Nobile (all: 51%) - Warsaw 619 (619)/583 848 (802)/163 205 (109) 1 053 (911) Młody Wilanów, Modern Żoliborz Residence, Osiedle Życzliwa Praga (all: 100%) Warsaw 320 (320)/297 75 (75)/70 75 (75) Lawendowe Wzgórza/Stacja Nowy Gdańsk (100%)- Gdansk 137 (137)/132 459 (456)/311 381 (359) 840 (815) Słoneczna Morena, MoreNova (all: 100%) Gdansk 269 (268)/238 193 (183)/28 736 (539) 929 (722) Albatross Towers, Zajezdnia Wrzeszcz, Mila Baltica (all 100%)- Gdansk 307 (297)/256 359 (348)/146 465 (281) 824 (629) Osiedle Kameralne, Osiedle Kameralne II (100%) - Warsaw 161 (157)/117 40 (32)/28 112 (92) 152 (124) Young City, Young City 2, Stacja Nowy Ursus (all51%)- Warsaw 446 (445)/384 389 (323)/134 465 (145) 854 (468) Nowa Letnica (100%) - Gdansk 586 (484) 586 (484) Forum Wola, Ogrody Wilanów (all: 100%) - Warsaw 379 (240) 379 (240) Percentages in brackets indicate Group s share in the project. The projects marked on blue are accounted in line with the equity method. Presented numbers of units reflect 100% of the potential (regardless of the ownership structure). * Completed in prior years but not recognised till 2015. ** In 2017 the Group is planning to start the construction of additional units to be completed in 2018. 2 259 (2 243)/2 007 2 363 (2 219)/880 3 329 (2 249) 5 692 (4 468) * +857 (817) /797 - ** +1 +1 3 116 (3 060)/2 804 2 363 (2 219)/880 3 330 (2 249) 5 693 (4 468) -312 (256) +312 (256)/238 - +312 (256) 2 804 (2 804)/2 804 2 675 (2 475)/1118 3 330 (2 249) 6 005 (4 724) 11

Number of units to be completed in 2017* Project City Total no. of units to be completed in 2017 On offer or sold @ 30 Sep 2017 Out of which: Not introduced to offer @ 30 Sep 2017 Osiedle Kameralne Warsaw 40 40 - Młody Wilanów Warsaw 75 75 - Green Mokotów Warsaw 210 210 - Stacja Nowy Ursus Warsaw 389 389 - Apartamenty Villa Nobile Warsaw 638 638 - Lawendowe Wzgórze/ Stacja Nowy Gdańsk Gdańsk 459 459 - Słoneczna Morena Gdańsk 16 16 - Mila Baltica Gdańsk 152 152 - MoreNova Gdańsk 177 177 - Zajezdnia Wrzeszcz Gdańsk 207 207 - Total 2,363 2,363 - * Estimation of the planned investments may change. 12

Number of units to be completed in 2018* Project City Total no. of units to be completed in 2018 On offer or sold @ 30 Sep 2017 Out of which: Not introduced to offer @ 30 Sep 2017 Osiedle Kameralne II Warsaw 112 112 - Forum Wola Warsaw 302 302 - Green Mokotów Warsaw 205 205 - Stacja Nowy Ursus Warsaw 407 407 - Young City II Warsaw 58 58 - Ogrody Wilanów Warsaw 77 77 - Lawendowe Wzgórze/ Stacja Nowy Gdańsk Gdańsk 381 381 - Słoneczna Morena Gdańsk 509 509 - Nowa Letnica Gdańsk 587 586 1 MoreNova Gdańsk 227 227 - Zajezdnia Wrzeszcz Gdańsk 465 465 - Total 3,330 3,329 1 * Estimation of the planned investments may change. 13

Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 14

Financial results Statement of Comprehensive Income (PLN thousands) Q1-3 2017 Q1-3 2016 Change Revenues 349 885 301 624 16.0% Cost of sales (259 901) (237 095) 9.6% Gross profit on sales 89 984 64 529 39.4% Post-tax share of the profit or loss of JV 6 322 38 217 (83.5%) Selling and marketing expenses (20 423) (15 876) 28.6% Administrative expenses (23 152) (21 713) 6.6% Other 19 702 206 N/A Operating profit 72 433 65 363 10.8% Finance income 4 168 5 107 (18.4%) Finance costs (8 305) (13 202) (37.1%) Profit before tax 68 296 57 268 19.3% Income tax expense (14 854) (3 507) N/A Net profit 53 442 53 761 (0.6%) Net profit attributable to equity holders of the parent 46 558 56 823 (18.1%) Gross margin on sales 25.7% 21.4% Net profit margin 15.3% 17.8% 15

Revenues by projects and activity in Q1-3 2017 Activity Total revenues (PLN thousands) Projects Sales revenues in the given project (PLN thousands) Margin (%) Gross profit on sales Property development activities (Warsaw, Gdańsk) 328 753 Młody Wilanów 28 591 11.9% Słoneczna Morena 21 880 22.4% Lawendowe Wzgórza 62 514 15.2% Albatross Towers 5 368 24.6% Modern Żoliborz 1 171 33.5% Mila Baltica 65 827 37.4% Osiedle Kameralne II 15 230 38.3% Stacja Nowy Ursus 38 615 30,1% Apartamenty Villa Nobile 74 083 31.2% Osiedle Kameralne 9 854 30.1% MoreNova 3 704 29.1% Other projects 1 916 17.8% TOTAL 328 753 TOTAL property development activities 328 753 27.1% Other revenues 21 132 Other revenues* 21 132 TOTAL 349 885 349 885 25.7% Young City 13 221 39.5% JV projects 21 867 Osiedle Królewskie jointly with Królewski Park 6 650 34.5% Park Wola Residence 1 996 39.2% TOTAL JV 21 867 21 867 38.0% GRAND TOTAL 371 752 371 752 26.4% * Including revenues from car sales, rental income and other income. 16

Financial condition Statement of Financial Position (PLN thousands) Q3 2017 H1 2017 Change 2016 Total assets, including: 1 919 447 1 965 660 (2.4%) 1 753 561 Non-current assets, including: 437 574 461 255 (5.1%) 413 952 Investment properties and investment properties under construction 208 445 206 454 1.0% 136 734 Land designated for development 106 866 134 145 (20.3%) 120 859 Investments in joint ventures 7 425 7 042 5.4% 45 510 Inventories 1 036 859 945 404 9.7% 837 814 Trade and other receivables 67 573 155 140 (56.4%) 93 168 Amounts kept on individual escrow accounts and Mutual Funds 97 774 100 780 (3.0%) 74 160 Cash and cash equivalents 276 294 301 107 (8.2%) 327 654 Equity 622 334 603 771 3.1% 561 132 Total liabilities, including: 1 297 113 1 361 889 (4.8%) 1 192 429 LT interest bearing liabilities 597 287 665 937 (10.3%) 607 318 Current interest bearing liabilities 91 468 85 542 6.9.% 212 474 Advances received from clients 424 444 364 452 16.5% 204 096 Net debt ratio** 0.49 0.57-0.56 ROE 16.7%* 17.3%* - 18.5% * Based on last 4 quarters ** Net debt ratio= net debt *** / equity *** Net debt = interest bearing liabilities intercompany loans cash and cash equivalents amounts kept on individual escrow accounts up to PLN 50 000 thousand 17

Statement of cash flow in Q1-3 2017 Cash flows (PLN thousands) Q1-3 2017 Q1-3 2016 Net cash flows from operating activities, including: 73 842 (45 608) Expenditures for the purchase of new plots (56 647) (195 294) Net cash flows from investing activities (50 427) (41 989) Net cash flows from financing activities, including: (74 268) 79 480 Proceeds from issue of bonds - 120 000 Repayment of bonds (10 479) (84 000) Proceeds from loans and borrowings 316 830 343 242 Repayment of bank and other loans (368 391) (227 898) Proceeds from issue of shares 78 138 - Paid dividend (71 035) (52 618) Interest and commissions paid (19 541) (18 738) Net change in cash and cash equivalents (50 853) (8 117) 18

Debt financing* (nominal value and maturity of bank credit facilities and bonds) as at September 30th, 2017 <1 year 1-2 years 2-3 years 3-4 years 4-5 years Total BANK CREDIT FACILITIES* 36.38 million 85.15 million 111.49 million 9.22 million 3.42 million 245.66 million BONDS 38.87 million 166.00 million 80.00 million 100.00 million 0.00 million 384.87 million TOTAL 75.25 million 251.15 million 191.49 million 109.22 million 3.42 million 630.53 million * Including the nominal value of lease payments relating to sale and leaseback transaction of the office building 19

Dividend Since its IPO on the Warsaw Stock Exchange in 2010, ROBYG S.A. has been regularly distributing profits among its shareholders. Insofar, the Company has distributed as dividends: Dividend per share in 2010-2016 (in PLN) Management Board approved the Dividend Policy, according to which MB intends to recommend the payment of a dividend for 2017 at the level of 65% to 80% of the consolidated net profit. 20

Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 21

Strategic goals Sales of app. 3400 units in 2017 Launching over 4000 units in 2017 Estimated net profit in 2017*: PLN 105M Significant increase in net profit in 2018 Start of activities in Wroclaw or Cracow Maintain the level of the land bank Continuation of dividend policy * Attributable to equity holders of the parent 22

Investments in 2017* Introduced for sale in 2017 Construction's start in 2017 Total 4 059 4 169 Construction Project Stage Number of units Start End Osiedle Kameralne II (7) 2 112 0 112 2Q 2017 3Q 2018 Green Mokotów Residence (1b) 1b 94 0 94 3Q 2017 3Q 2018 Stages introduced for sale as of 30 September 2017 Green Mokotów Residence (5) 5 111 0 111 1Q 2017 3Q 2018 Morenova (R2,R3) 2 227 0 227 1Q 2017 1Q 2018 Stacja Nowy Ursus (DE) 2 180 0 180 3Q 2017 3Q 2018 Stacja Nowy Ursus (FGH) 3 245 0 245 1Q 2017 4Q 2017 Young City 2 (AB) 1 211 0 211 4Q 2017 2Q 2019 Zajezdnia Wrzeszcz (C,D) 2 237 0 237 3Q 2017 4Q 2018 Nowa Letnica (A) 1 133 0 133 1Q 2017 2Q 2018 Nowa Letnica (B) 2 105 0 105 2Q 2017 3Q 2018 Forum Wola (2) 1 160 0 160 3Q 2017 4Q 2018 Construction's start in 2017, introduced for sale in 2016 1 815 0 1 815 Construction Project Stage Number of units Start End Lawendowe Wzgórze/ Stacja Nowy Gdańsk (D3, D4) 21 192 192 192 4Q 2017 4Q 2018 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (D5, D6) 22 135 135 135 4Q 2017 1Q 2019 Słoneczna Morena (C) 20 8 8 8 2Q 2017 1Q 2018 Słoneczna Morena (D1, D2, D3) 21 6 6 6 1Q 2017 1Q 2018 Green Mokotów Residence 6 75 75 75 3Q 2017 1Q 2019 Green Mokotów Residence 7 56 56 56 4Q 2017 1Q 2019 Morenova (R1) 3 115 115 115 3Q 2017 1Q 2019 Stacja Nowy Ursus 4 227 227 227 3Q 2017 4Q 2018 Stacja Nowy Ursus 5 263 263 263 4Q 2017 1Q 2019 Young City 2 2 58 58 58 3Q 2017 4Q 2018 Young City 2 3 330 330 330 4Q 2017 2Q 2019 Zajezdnia Wrzeszcz (G) 3 228 228 228 3Q 2017 4Q 2018 Nowa Letnica 3 121 121 121 3Q 2017 4Q 2018 Nowa Letnica 4 111 111 111 2Q 2017 3Q 2018 Nowa Letnica 5 116 116 116 3Q 2017 4Q 2018 Nowa Letnica (Kindrgarden) KG 1 1 1 4Q 2017 4Q 2018 Forum Wola (1) 2 142 142 142 4Q 2017 4Q 2018 Ogrody Wilanów 1 77 77 77 4Q 2017 4Q 2018 Osiedle Życzliwa Praga 1 93 93 93 4Q 2017 1Q 2019 Construction's start in 2017, introduced for sale in 2017 2 354 2 354 2 354 Construction Project Stage Number of units Start End Green Mokotów Residence 8 76 76 0 1Q 2018 2Q 2019 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (N1) 23 69 69 0 1Q 2018 1Q 2019 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (N2) 24 92 92 0 1Q 2018 2Q 2019 Lawendowe Wzgórze/ Stacja Nowy Gdańsk (D7) 25 108 108 0 2Q 2018 3Q 2019 Young City 3 1 181 181 0 1Q 2018 2Q 2019 Nowa Letnica 6a 176 176 0 1Q 2018 3Q 2019 Nowa Letnica 6b 201 201 0 1Q 2018 3Q 2019 Ogrody Wilanów 2 73 73 0 1Q 2018 2Q 2019 Ogrody Wilanów 3 77 77 0 2Q 2018 3Q 2019 Sienna Grobla 1 189 189 0 1Q 2018 2Q 2019 Osiedle Życzliwa Praga 2 88 88 0 1Q 2018 2Q 2019 Forum Wola (3) 3 375 375 0 1Q 2018 4Q 2019 Planned construction's start in 2018, introduction for sale in 2017 1 705 1 705 0 * Estimation of the planned investments may change. 23

Land bank* Total land bank 11 320 units + 2 407 units on offer = 13 727 units** ROBYG has also land in WROCŁAW approximately for 300 units (the sale has not started yet) * Units which presale has already begun (as at 30 September 2017) not included. ** In addition, the Group has signed the purchase agreement of the plots with the total area of app. 2.7 ha located in Gdańsk, Wrzeszcz district. The Group hasn t had defined the investment planes for the plots. 24

Agenda I. Summary II. Presales and revenue recognition III. Financial results IV. Plans of ROBYG Group V. Appendices 25

ROBYG - Team Oscar Kazanelson Chairman of the Supervisory Board Zbigniew Wojciech Okoński President of the Board Eyal Keltsh Vice-President of the Board, COO Artur Ceglarz Vice-President of the Board, CFO 26

Description of investments- completed (1) Nowa Rezydencja Królowej Marysieńki City: Warsaw District: Wilanów No. of stages: 10 No. of units: 1350 units 108.7 thousand sqm Q4 2001 Completion date: Q2 2014 Szczęśliwy Dom City: Warsaw District: Ochota No. of stages: 3 No. of units: 304 units 18.1 thousand sqm Q4 2005 Completion date: Q2 2008 Osiedle Zdrowa City: Warsaw District: Wilanów No. of stages: 5 No. of units: 865 units 57.0 thousand sqm Q1 2007 Completion date: Q1 2013 27

Description of investments- completed (2) City Apartments City: Warsaw District: Żoliborz No. of stages: 6 No. of units: 1190 units 88.0 thousand sqm Q1 2008 Completion date: Q3 2015 Osiedle Królewskie City: Warsaw District: Wilanów No. of stages: 6 No. of units: 640 units 38.0 thousand sqm Q2 2013 Completion date: Q4 2015 Park Wola Residence City: Warsaw District: Wola No. of stages: 1 No. of units: 317 units 16.9 thousand sqm Q4 2014 Completion date: Q2 2016 28

Description of investments- completed (3) Modern Żoliborz City: Warsaw District: Żoliborz No. of stages: 1 No. of units: 138 units 7.9 thousand sqm Q1 2015 Completion date: Q2 2016 Albatross Towers City: Gdańsk District: Przymorze No. of stages: 5 No. of units: 860 units 42.6 thousand sqm Q2 2011 Completion date: Q3 2016 Królewski Park City: Warsaw District: Wilanów No. of stages: 6 No. of units: 528 units 27.6 thousand sqm Q3 2014 Completion date: Q3 2016 29

Description of investments- completed (4) Young City City: Warsaw District: Bemowo No. of stages: 9 No. of units: 1302 units 65.2 thousand sqm Q3 2012 Completion date: Q4 2016 Młody Wilanów City: Warsaw District: Wilanów No. of stages: 3 No. of units: 257 units 12.8 thousand sqm Q4 2014 Completion date: Q2 2017 Mila Baltica City: Gdańsk District: Zaspa No. of stages: 2 No. of units: 280 units 14.9 thousand sqm Q3 2015 Completion date: Q3 2017 30

Description of investments- under construction (1) Lawendowe Wzgórza/ Stacja Nowy Gdańsk City: Gdańsk District: Jasień No. of stages: app. 41 Stages completed: 16 Stages under construction*: 7 Słoneczna Morena City: Gdańsk District: Piecki-Migowo No. of stages: app. 23 Stages completed: 18 Stages under construction*: 4 Osiedle Kameralne City: Warsaw District: Bemowo No. of stages: 5 Stages completed: 3 No. of units: app. 4000 units (completed: 1565 units) app. 188.8 thousand sqm Q3 2009 Planned completion date: Q3 2025 No. of units: app. 2015 units (completed: 1474 units) app. 109.8 thousand sqm Q4 2009 Planned completion date: Q4 2019 *Including stages in presale which construction has not begun yet (as at 30 September 2017). No. of units: app. 550 units (completed: 283 units) app. 31.5 thousand sqm Q4 2010 Planned completion date: Q3 2019 31

Description of investments- under construction (2) Osiedle Kameralne II City: Warsaw District: Bemowo No. of stages: 3 Stages completed: 1 Stages under construction*: 1 No. of units: app. 350 units (completed: 161 units) app. 17.6 thousand sqm Apartamenty Villa Nobile City: Warsaw District: Wilanów No. of stages: 3 Stages completed: 1 Stages under construction*: 2 No. of units: app. 640 units (completed: 170 units) app. 39.1 thousand sqm Stacja Nowy Ursus City: Warsaw District: Ursus No. of stages: 5 Stages completed: 1 Stages under construction*: 3 No. of units: app. 1060 units (completed: 144 units) app. 51.6 thousand sqm Q3 2015 Planned completion date: Q2 2019 Q1 2016 Planned completion date: Q4 2017 *Including stages in presale which construction has not begun yet (as at 30 September 2017). Q2 2016 Planned completion date: Q1 2019 32

Description of investments- under construction (3) MoreNova City: Gdańsk District: Piecki-Migowo No. of stages: 3 Stages completed: 1 Stages under construction*: 2 Green Mokotów City: Warsaw District: Mokotów No. of stages: 11 Stages under construction*: 6 Zajezdnia Wrzeszcz City: Gdańsk District: Wrzeszcz No. of stages: 8 Stages under construction*: 3 No. of units: app. 520 units (completed: 177 units) app. 25.0 thousand sqm Q2 2016 Planned completion date: Q1 2019 No. of units: app. 755 units app. 49.4 thousand sqm Q2 2016 Planned completion date: Q2 2019 *Including stages in presale which construction has not begun yet (as at 30 September 2017). No. of units: app. 1420 units app. 72.4 thousand sqm Q4 2016 Planned completion date: Q4 2020 33

Description of investments- under construction (4) Nowa Letnica City: Gdańsk District: Letnica No. of stages: 10 Stages under construction*: 6 No. of units: app. 2500 units app. 118.6 thousand sqm Forum Wola City: Warsaw District: Wola No. of stages: 4 Stages under construction*: 3 No. of units: app. 940 units app. 49.7 thousand sqm Young City 2 City: Warsaw District: Bemowo No. of stages: 3 Stages under construction*: 3 No. of units: app. 600 units app. 30.1 thousand sqm Q1 2017 Planned completion date: Q3 2021 Q3 2017 Planned completion date: Q1 2020 *Including stages in presale which construction has not begun yet (as at 30 September 2017). Q3 2017 Planned completion date: Q2 2019 34

Description of investmentson offer which construction has not started Ogrody Wilanów City: Warsaw District: Wilanów No. of stages: 3 Stages in presale: 2 No. of units: app. 230 units app. 11.6 thousand sqm Q4 2017 Planned completion date: Q3 2019 Osiedle Życzliwa Praga City: Warsaw District: Tarchomin No. of stages: 9 Stages in presale: 1 No. of units: app. 700 units app. 34.9 thousand sqm Q4 2017 Planned completion date: Q4 2020 35

Presale: Investments under construction on offer - Warsaw (1) Units under construction (Warsaw): 1940 in 14 stages Incl. presold units as at 30 September 2017: 1303 (67%) Stacja Nowy Ursus Stages: 2, 3, 4 652 units Planned completion date: Q4 2017, Q3 2018, Q4 2018 31,774 sqm Location: Ursus Apartamenty Villa Nobile Stages: 2, 3 468 units Planned completion date: Q4 2017, Q4 2017 28,952 sqm Location: Wilanów Presold: 286 44% Presold: 457 98% 36

Presale: Investments under construction on offer - Warsaw (2) Units under construction (Warsaw): 1940 in 14 stages Incl. presold units as at 30 September 2017: 1303 (67%) Green Mokotów Stages: 1a, 1b, 2, 3, 5, 6 490 units Planned completion date: Q4 2017, Q3 2018, Q4 2017, Q4 2017, Q3 2018, Q1 2019 31,609 sqm Location: Mokotów Osiedle Kameralne II Stage: 2 112 units Planned completion date: Q3 2018 5,777 sqm Location: Bemowo Presold: 334 68% Presold: 92 82% 37

Presale: Investments under construction on offer - Warsaw (3) Units under construction (Warsaw): 1940 in 14 stages Incl. presold units as at 30 September 2017: 1303 (67%) Forum Wola Stage: 1 160 units Planned completion date: Q4 2018 9,740 sqm Location: Wola Young City II Stage: 1 58 units Planned completion date: Q4 2018 2,975 sqm Location: Bemowo Presold: 91 57% Presold: 43 74% 38

Presale: Investments under construction on offer - Gdańsk (1) Units under construction (Gdańsk): 2437 in 18 stages Incl. presold units as at 30 September 2017: 1907 (78%) Lawendowe Wzgórze/ Stacja Nowy Gdańsk Stages: 17, 18, 19, 20 328 units Planned completion date: Q4 2017, Q4 2017, Q1 2018, Q1 2018 13,949 sqm Location: Jasień Słoneczna Morena Stages: 18, 19, 20, 21 509 units Planned completion date: Q1 2018, Q2 2018, Q1 2018, Q1 2018 27,260 sqm Location: Piecki-Migowo Presold: 326 99% Presold: 355 70% 39

Presale: Investments under construction on offer - Gdańsk (2) Units under construction (Gdańsk): 2437 in 18 stages Incl. presold units as at 30 September 2017: 1907 (78%) Zajezdnia Wrzeszcz Stages: 1, 2, 3 672 units Planned completion date: Q4 2017, Q4 2018, Q4 2018 33,857 sqm Location: Wrzeszcz Nowa Letnica Stages: 1, 2, 3, 4, 5 586 units Planned completion date: Q2 2018, Q3 2018, Q4 2018, Q3 2018, Q4 2018 27,582 sqm Location: Letnica Presold: 478 71% Presold: 484 83% 40

Presale: Investments under construction on offer - Gdańsk (3) Units under construction (Gdańsk): 2437 in 18 stages Incl. presold units as at 30 September 2017: 1907 (78%) MoreNova Stages: 2, 3 342 units Planned completion date: Q1 2018, Q1 2019 16,583 sqm Location: Piecki-Migowo Presold: 264 77% 41

Presale: Investment on offer which construction has not started yet: Warsaw (1) Units on offer which construction has not started yet (Warsaw): 1357 in 8 stages Forum Wola Stages: 2, 3 517 units Planned start date: Q4 2017, Q1 2018 Planned completion date: Q4 2018, Q4 2019 27,633 sqm Location: Wola Green Mokotów Stage: 7 56 units Planned start date: Q4 2017 Planned completion date: Q1 2019 3,464 sqm Location: Mokotów Presold: 115 22% Presold: 5 9% 42

Presale: Investment on offer which construction has not started yet: Warsaw (2) Units on offer which construction has not started yet (Warsaw): 1357 in 8 stages Ogrody Wilanów Stages: 1, 2 150 units Planned start date: Q4 2017, Q1 2018 Planned completion date: Q4 2018, Q2 2019 7,759 sqm Location: Wilanów Osiedle Życzliwa Praga Stage: 1 93 units Planned start date: Q4 2017 Planned completion date: Q1 2019 4,080 sqm Location: Tarchomin Presold: 85 57% Presold: 13 14% 43

Presale: Investment on offer which construction has not started yet: Warsaw (3) Units on offer which construction has not started yet (Warsaw): 1357 in 8 stages Young City 2 Stages: 2, 3 541 units Planned start date: Q4 2017, Q4 2017 Planned completion date: Q2 2019, Q2 2019 27,136 sqm Location: Bemowo Presold: 291 54% 44

Presale: Investment on offer which construction has not started yet: Gdańsk (1) Units on offer which construction has not started yet (Gdańsk): 572 in 4 stages Lawendowe Wzgórze/ Stacja Nowy Gdańsk Stages: 21, 22, 23 396 units Planned start date: Q4 2017, Q4 2017, Q1 2018 Planned completion date: Q4 2018, Q1 2019, Q1 2019 18,116 sqm Location: Jasień Presold: 245 62% Nowa Letnica Stage: 6a 176 units Planned start date: Q1 2018 Planned completion date: Q3 2019 9,109 sqm Location: Letnica Presold: 3 2% 45

Ownership structure Oscar Kazanelson & Managing Team 10.18% 10,18% PZU OFE 8.26% Others 38.21% 38,21% 8,26% 7,50% Aegon OFE 7.50% 8,64% Aviva OFE 8.64% BZ WBK TFI S.A. 5.25% 5,25% 7,46% Nationale- Nederlanden OFE 7.46% 7,97% 6,53% PKO BP Bankowy OFE 7.97% Generali OFE 6.53% *According to Interim Condensed Consolidated Financial Statements for 9 months ended 30 September 2017 46

HIGHTLIGHTS Please contact us: Investor Relations ROBYG SA e-mail: ri@robyg.com.pl tel. (22) 419 11 00 Q1-3 2017 * Including amounts kept on individual escrow accounts and in Mutual Funds. 47