+-------------------------------------+-+--------------------+--+--------------------------------------+ 
|                                     | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Subsidiary of MZM        | |                    |  |           |  |           |  |        | 
|            Properties Sp.z.o.o. -   | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Park Sp.z.o.o.     | |            Poland  |  |     99.00 |  |     70.00 |  |  70.00 | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|                                     | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Subsidiary of Robyg      | |                    |  |           |  |           |  |        | 
|            Morena Sp.z.o.o.:        | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Piekarnicza Sp.z.o.o.    | |            Poland  |  |    100.00 |  |    100.00 |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|                                     | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Proportionately          | |                    |  |           |  |           |  |        | 
|            consolidated company of  | |                    |  |           |  |           |  |        | 
|            Kamaraerdo K.f.t.:       | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Kamara-Projekt K.f.t.    | |            Hungary |  |     50.00 |  |     50.00 |  |  50.00 | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|                                     | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Associated companies of  | |                    |  |           |  |           |  |        | 
|            Nanette Holdings         | |                    |  |           |  |           |  |        | 
|            (Ukraine) Ltd.:          | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Olimpia Real Estate LLC  | |            Ukraine |  |     15.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Osanova C.               | |            Ukraine |  |     15.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|                                     | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Associated company:      | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg S.A.               | |            Poland  |  |     48.18 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|                                     | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Subsidiaries of Robyg    | |                    |  |           |  |           |  |        | 
|            S.A.                     | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            MZM Properties           | |            Poland  |  |    100.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Morena Sp.z.o.o.   | |            Poland  |  |    100.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Palacowa Sp.z.o.o. | |            Poland  |  |    100.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Wilanow II         | |            Poland  |  |     85.00 |  |         - |  |      - | 
|            Sp.z.o.o.                | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg city Apartments    | |            Poland  |  |        75 |  |         - |  |      - | 
|            Sp.z.o.o.                | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Development        | |            Poland  |  |    100.00 |  |         - |  |      - | 
|            SP.z.o.o.                | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Jagondo Estates          | |            Poland  |  |    100.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Marina Tower       | |            Poland  |  |    100.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Wroclaw I          | |            Poland  |  |    100.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Wroclaw II         | |            Poland  |  |    100.00 |  |         - |  |      - | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
|            Robyg Zarzadzanie        | |            Poland  |  |    100.00 |  |         - |  |      - | 
|            Zp.z.o.o.                | |                    |  |           |  |           |  |        | 
+-------------------------------------+-+--------------------+--+-----------+--+-----------+--+--------+ 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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