Report no 48/2016

The Management Board of EMC Instytut Medyczny S.A - The Issuer announces that on 1st   August 2016 the Issuer  purchased 100% of shares of  NZOZ Zawidawie spółka zograniczoną odpowiedzialnością with its seat in Wrocław [the Non-Public Healthcare Centre Zawidawie a limited liability company with its seat in Oleśnica] (Zawidawie Company) medical industry company operating under Aktywne Centrum Zdrowia [the Active Health Centre] (ACZ).

Pursuant to the Investment Agreement - a share disposal agreement (the Agreement) of 25th July 2016, which the Issuer announced on 18th July in its current report no.38/2016, and on 25th July in its current report no 40/2016, the abovementioned shares were purchase from SUNZI a limited liability company with its registered office in Legnica.

EMC Instytut Medyczny SA has purchased  100% of the shares of the Non-Public Healthcare Centre Zawidawie a limited liability company - 2,128 (two thousand one hundred and  twenty-eight) of the share capital of the Company with a nominal value of PLN 645,00 (six hundred and forty five thousand) each, with a total nominal value of 1,372,560.00 (one million three hundred and seventy-two thousand five hundred and  sixty), for a price of PLN 15,900,000.00 (fifteen million nine hundred thousand ), which will be adjusted by the amount of ZAWIDAWIE Company net debt as at 31st  July 2016. Net debt estimated as of 30th June 2016 amounted to PLN 1,273,473 (one million two hundred and seventy-three thousand four hundred and  seventy-three ), the value of the price paid has been increased by this amount, where the net debt means the total interest-bearing liabilities arising from loans and liabilities from deliveries and services decreased by the sum of short-term receivables and the value of cash in hand and at bank as of 31st  July 2016.

The Issuer shall  make the final settlement of net debt of ZAWIDAWIE Company by 31st  August 2016. If the Company's net debt at 31st  July 2016 is lower than the estimated net debt of ZAWIDAWIE Company  as of 30th June 2016, the remaining amount shall be paid to SUNZI Company - the Seller by the Issuer – the Buyer. If, hovewer, the value of ZAWIDAWIE Company net debt as of July 31, 2016 is higher than the estimated net debt of the Company at 30 June 2016, the amount shall be returned to the Issuer – the Buyer by SUNZI Company – the Seller.

According to the Management Board of EMC Instytut Medyczny SA, this information is confidential within the meaning of art.7 of  Market Abuse Regulation concerning the Company, which if made public could have an impact on the price of its financial instruments.

Legal grounds: Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16th  April 2014 (Market Abuse Regulation).