Re: Trzy ważne info

On 10 June 2010, a third party filed an opposition with the Commercial Court of Paris regarding the 19 May 2010 judgment that
approved the Company’s Safeguard plan. This third party opposition was filed by Maître François Kopf, attorney for Mr. Luc
Leroi, bondholder representative for the « OBSAR 2010 » (ISIN FR0010249599), « CONVERTIBLE 2013 » (ISIN
FR0010333302), and « OBSAR 2014 » (ISIN XS0291838992 and XS029184062). Regarding these three bonds, the third party
opposition contests the maximum bond liability to be reimbursed within the Safeguard plan.
As long as the Commercial Court of Paris has not rendered a decision on the third party opposition, the underlying judgment
approving the Safeguard plan is fully effective. A first court hearing is expected in October 2010. The Company sees the risk of
this opposition being accepted as remote.

źródło :
ORCO PROPERTY GROUP
Condensed consolidated interim financial information
As at 30 June 2010