Dino

IMPORTANT INFORMATION

Prior to obtaining access to the information placed on this website, please read carefully the following important information regarding the terms of access to this website and of the use of the information contained herein. Please note that the important information presented below may be changed or updated. Consequently, it should be read and analysed in whole whenever this website is accessed in the future. THE MATERIAL CONTAINED ON THIS WEBSITE IS NOT INTENDED FOR RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE TERRITORY OF THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE APPLICABLE LAWS OR WOULD REQUIRE REGISTRATION. The materials to which you will gain access relate to or are connected with (i) an initial public offering in the territory of Poland of up to 48,040,000 ordinary shares (the “Sale Shares”) in Dino Polska S.A with its registered office in Krotoszyn (the “Company”), with a nominal value of PLN 0.10 each (the “Offering”), conducted by Polish Sigma Group S.à r.l. (the “Selling Shareholder”), and (ii) with the seeking of the admission and introduction of 98,040,000 ordinary shares with a nominal value of PLN 0.10 each (the “Shares”), including the Sale Shares, to trading on the regulated market of the Warsaw Stock Exchange (the “Admission”). On 17 March 2017, the Financial Supervision Authority approved the prospectus (the “Prospectus”) prepared in connection with the Offering and the Admission. The Prospectus (in Polish), together with any supplements and update communications thereto, and with the announcement of the final number and price of the Sale Shares offered in the Offering (upon its drafting and publication), will be posted on, and will, during its validity period, continue to be available in an electronic form on the Company’s website (www.grupadino.pl) and at the website of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie (www.dm.pkobp.pl) – solely for information purposes. The Prospectus is the sole legally binding offering document which contains, for the purposes of the Offering and the Admission, information about the Company, the Shares (including the Sale Shares) and the Offering. Materials posted on this website include the Prospectus with any supplements and update communications thereto, if any, the announcement of the final number and price of the Sale Shares offered in the Offering (upon its drafting and publication) and information which is either of promotional nature for the purposes of the Offering and the Admission or constitutes information disclosed by the Company to the public in the performance of the Company’s disclosure obligations under the applicable laws and regulations. These materials do not constitute an offer for the sale of securities in the United States, Canada, Japan, Australia, or any other jurisdiction where such offer for sale would constitute a violation of the applicable laws or would require registration. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933 (the “U.S. Securities Act”). Securities of the Company have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act. Neither the Prospectus nor the securities of the Company covered thereby have been or will be registered, approved or notified in any country other than the Republic of Poland, specifically in accordance with the laws enacted based on Directive 2003/71/EC of the European Parliament and of the Council, as amended, and they cannot be offered or sold outside the territory of the Republic of Poland (including within the territory of other countries of the European Union or the United States of America, Canada, Japan or Australia) unless in any relevant state such offer or sale could be effected in compliance with the law without the need for the Company, the Selling Shareholder or their respective advisors for the purpose of the Offering to comply with any additional legal requirements. Any investor residing in or having its registered office outside the Republic of Poland should review the relevant regulations of Polish law as well as the regulations of other countries which may apply thereto in connection with the participation in the Offering. WE HEREBY INFORM YOU THAT THE MATERIALS AND INFORMATION TO WHICH YOU WILL BE GRANTED ACCESS AND THE USE OF SUCH MATERIALS AND INFORMATION: (I) ARE SUBJECT TO THE ABOVE RESTRICTIONS; (II) ARE DIRECTED TO PERSONS RESIDING IN AND ACCESSING THIS WEBSITE FROM THE TERRITORY OF THE REPUBLIC OF POLAND; (III) ARE NOT DIRECTED TO U.S. PERSONS OR PERSONS ACTING FOR THE ACCOUNT OF, OR ON BEHALF OF, A U.S. PERSON (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT); (IV) ARE NOT DIRECTED  TO PERSONS RESIDENT OR WITH A  REIGSTERED OFFICE IN CANADA, JAPAN OR AUSTRALIA, OR IN ANY OTHER JURISDICTION WHERE ACCESSING THE MATERIALS AND INFORMATION CONTAINED ON THIS WEBSITE WOULD CONSTITUTE A VIOLATION OF THE APPLICABLE LOCAL LAWS OR WOULD REQUIRE REGISTRATION OR OBTAINING A PERMIT. Please note that reviewing and accessing these materials in violation of the above may constitute a violation of securities laws, in particular in Poland and the United States.

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The history
A history of growth

The concept of the stores “closest to you” was created in 1999, when, based on Polish capital, the first Dino stores opened  in the Wielkopolska region. In subsequent years, we have systematically worked on both expansion to new locations  and the quality of the goods and shopping comfort of our customers. Today the Dino Group is the fastest growing chain of mid-sized supermarkets in Poland, both in terms of the number of stores, and in terms of sales revenue.
Below, we present some events that were important milestones in the history of our brand.

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1999 | Opening of the first store under the Dino brand

Everything started in 1999, when, in the Wielkopolska region, the first store under the Supermarket Dino brand opened its doors.

2002 | First distribution centre opens

In 2002, to support the growth of our store chain, our first distribution centre was created in Krotoszyn. In subsequent years it has been successively expanded.

2003 | Dino chain tightens its relations with Agro-Rydzyna meat plant

In 2003, the Dino chain successfully established capital ties with the Agro-Rydzyna meat plant, which had been supplying our stores with fresh meat since the very beginning of our chain’s existence. This way we have secured supplies of fresh, high quality meat and sausages for our continually developing Dino store chain.

2004-2009 | Growth of the Dino chain around the first distribution centre

In 2004-2009, after trying out various development possibilities, Dino’s management noticed a potential for expansion of mid-sized supermarkets in small and medium-sized towns, and on the outskirts of large cities. As a result, in that period we were able to successfully continue expanding our chain around our distribution centre in the Wielkopolska region, at a rate of about a dozen new stores per year.

2010 | 100 stores, and we are entering a period of dynamic expansion

In 2010, PEF VI, managed by Enterprise Investors, indirectly acquired a 49% interest in Dino, becoming a strategic minority investor. The capital for development we gained this way became a catalyst for dynamic growth in subsequent years. We entered the year 2011, in which we transformed into a joint-stock company, owning 111 stores.

2013 | 300 stores and a second distribution centre

In 2013, in order to assist the economic development of central Poland, we opened our second distribution centre, this time leased, in Piotrków Trybunalski. In the meantime, the number of our stores had exceeded 300, and at the end of the year it reached 324, which means that in 2011-2013 our chain grew at the average rate of 43% annually.

2014-2015 | 500 stores and realization of nation-wide ambitions

In the years 2014-2015 we increased the pace of our development. At the end of 2015 we had 511 stores, located in 12 out of 16 polish provinces. Almost in a blink of an eye, from a purely regional player we transformed ourselves into the second fastest-growing, in terms of both the number of stores, and sales revenues, food-retail chain in Poland. This was possible thanks to our unwavering belief that fresh food, including meats and sausages sold from behind a traditional counter, are, and will continue to be, the most important items on the everyday shopping lists of Poles. To make this freshness possible, practically from the very beginning we have built our stores close to whre our customers live, with medium-sized floor plans so shopping can be done quickly and comfortably.

2016 | 10,000 employees and a third distribution center

In 2016, throughout the year, every third day on average we opened a new Dino-branded store somewhere in Poland. Each location has been very carefully chosen by our experienced staff so that the stores are easy to reach for our customers, and also at reasonable distances from our distribution centres so we can supply the stores daily with fresh, inexpensive products. At the same time, the number of employees, working for us at the headquarters, in the warehouses, and at the stores, has grown to approximately 10 thousand. The store chain itself has grown to over 600 stores, and also our presence in the north of the country is becoming stronger. The way north has been opened for us by our third distribution centre, in Jastrowie near Piła, which became operational in July 2016.

2017 | Ongoing rapid growth and IPO on the Warsaw Stock Exchange

In 2017 we opened 147 new stores while we ended the year with a network numbering 775 stores. We have a well-tested and fine-tuned growth strategy allowing more and more residents of Poland to think about Dino as the store to do their daily shopping. The PEF VI Fund managed by Enterprise Investors sold its entire stake (49%) in Dino on the Warsaw Stock Exchange. From that moment several million Poles, through mutual funds and open-end pension funds, individual investors and reputable international institutions have been the co-owners of Dino Polska. Following the IPO Dino Polska continues to be a company predominantly owned by Polish capital.

2018 | 202 new store openings in a single year

In 2018 we opened 202 new stores and we now have nearly one thousand stores. Clients have responded positively to the Dino stores opened in their neighborhood. We are confident that this stems from the attractiveness of our store format that is aligned to the evolving trends and needs of Poles. It enables them to do their shopping quickly and in comfortable conditions at good prices close to their places of residence. It also offers a wide selection of fresh products. At the end of the year we opened our fourth distribution center in Rzeszotary in Lower Silesia enabling us to continue our expansion. We have more than 16.5 thousand employees.

2019 | 243 new store openings in 2019

In 2019, we opened 243 new Dino stores and now our network comprises 1,218 outlets throughout Poland. In Łobez, in the Western Pomeranian Region, we started to build another distribution center to support further geographic expansion of our network. At the same time, we started to install photovoltaic panels on the roofs of Dino stores. This is one of our key environmental projects thanks to which our stores will be powered with friendly energy produced by the sun. At the end of 2019 the Dino Group had 20.7 thousand employees.

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