Warsaw, 13 November 2012

IMPEL GROUP

Performance in Q3 2012

Management’s Presentation

misja, wizja, strategia

2

Mission:

We take care of our clients.

Our common success depends on that.

Vision:

Our objective is to develop our company in a responsible manner.

Our operations are characterized by partnership, mutual honesty, respect for business

environment and support for creativity.

Strategic priorities for the years 2012-2014:

1. Dynamic growth in sales – PLN 2 billion in 2014.

2. Product and organizational innovation as our competitive advantage on the market.

3. Development of product synergies within the Client’s business as the potential for

growth

IMPEL Group – mission, vision and strategy

1,35 1,090,41

2,752,21

4,444,85

2005 2006 2007 2008 2009 2010 2011

625748

8901 002 1 033

1 1111 240

2005 2006 2007 2008 2009 2010 2011

Revenue from sales (PLN million)*

(*) Net of subsidies

2005-2011 CAGR: 12%

Earnings per share - EPS (PLN)

2005-2011 CAGR: 24%

3

4,500 Clients

50,000 employees

42 locations - Poland, Latvia and Ukraine

20 entities acquired, 3 entities sold

Management in line with the BSC (Balanced Scorecard) strategy

IT systems for customer service:

SAP – in 46 companies / 21 functional modules

Contact Center

ICSS (Internet Customer Self-Service)

CSI (Customer Satisfaction Index)

CRM

Key facts

Impel S.A . - parent undertaking in the Impel Group.WSE listed since 2003.Responsible for strategic andcorporate issues.

Composition of the Management Board of Impel S.A.� Grzegorz Dzik – President of the Management Board� Józef Biegaj – Vice President responsible for Commercial Function� Wojciech Rembikowski – Vice President responsible for Finance� Danuta Czajka – Vice President responsible for Development

3 BASIC SEGMENTSMAINTENANCE SOLUTIONS

Facility ManagementSAFETY SOLUTIONS

Security

DELIVERY & BUSINESS SOLUTIONSDistribution

PLN 502 million * PLN 334 million * PLN 211 million *

Impel’s COMPETITIVE POSITION **

48% 32% 20%

NUMBER 1UPC (Cleaning)

TON (technical maintenance of

facilities)

NUMBER 3 NUMBER 3-4CAT LOG REN+LAUNDRY

HR+PAYROLL & ACCOUNTING

* Share in the Impel Group’s revenue in Q 1-3 2012 (percentage and value)** Data from the Marketing Office of Impel S.A.*** SOLID - Solid’s revenue includes total revenue, including activities other than security 4

2%

2%

3%

7%

0% 5% 10%

Gastropol

Impel

Eurest

Sodexo

1%

2%

2%

4%

0% 2% 4% 6%

Impel

Henry Kruse

Merida

Lyreco

1%

3%

6%

6%

0% 5% 10%

Bardusch

Impel

Berendsen

CWS Boco

5%

10%

16%

20%

0% 10% 20% 30%

Impel

Adecco

Randstad

Work Service

1%

2%

2%

3%

17%

0% 10% 20%

Clar System

Grupa EVER

Dozorbud

ISS

Impel

1%

1%

1%

2%

3%

0% 2% 4%

ZST

DTZ Polska

Cofely

Dalkia

Impel

3%

4%

8%

9%

16%

0% 10% 20%

Juwentus

G4S

Impel

Konsalnet

Solid

Segments

5

2012

PLN million Q1-3 Q1-3

Revenue from sales 1 240,4 910,8 1 047,3

Subsidies 37,9 30,8 24,9

EBITDA 86,0 68,5 68,4

EBITDA margin 6,9% 7,5% 6,5%

EBIT 54,6 45,0 41,9

EBIT margin 4,4% 4,9% 4,0%

Amortization/Depreciation (31,4) (23,5) (26,5)

Net profit 58,9 56,4 27,3

Assets 660,0 658,8 672,1

Equity and reserves 333,2 333,8 258,8

Net debt 69,0 75,5 128,9

2011

Maintained organic growth rate of 15%Group’s consolidated financial results

5

PLN 136.5 millioni.e. an increase by 15%

including:+ PLN 48.5 million - BU1 Facility Management

+ PLN 31.2 million BU2 Security

+ PLN 56.8 million BU 3 Distribution

PLN 2.5 million – one off transaction – sale of AutogrillPolska4.7% - comparable margin

PLN 23 million tax asset related to the optimization of the Impel trademark

6

2011 2012

PLN million Q1 Q2 Q3 Q4 Y Q1 Q2 Q3

Revenue from

sales 288,9 304,9 316,9 329,6 1 240,4 333,4 355,7 358,2

Subsidies 10,5 10,7 9,6 7,1 37,9 7,6 8,5 8,8

EBITDA 17,9 23,9 26,9 16,7 86,0 16,8 23,0 28,6

EBIT 10,3 16,1 18,6 8,9 54,6 8,2 14,0 19,6

EBIT margin 3,6% 5,3% 5,9% 2,7% 4,4% 2,5% 3,9% 5,5%

Amortization/

Depreciation(7,6) (7,8) (8,1) (7,9) (31,4) (8,6) (9,0) (8,9)

Net profit 7,9 34,1 14,4 2,1 58,9 5,7 8,7 12,9

Increase in the operating profit – typical for Q3 in the Impel’s activityComparison of consolidated results

one off transaction: PLN 2.5 million - sale of Autogrill Polska

2.7% margin in Q1 2011 net of this transaction

PLN 23 million tax asset related to the optimization of the Impel trademark

7

1) Revenue from sales outside the Group,

2) Relative to sales revenue, taking account of corporate charges3) Comparable data, taking account of the modified internal service conditions

PLN million

Total Facility Management Security Distribution

Q1 -3 Q1 -3 Q1 -3 Q1 -3

2011 2012 change 2011 2012 change 2011 2012 change 2011 2012 change

Revenue from sales 1) 910,8 1 047,3 + 136,5

+ 15%453,3 501,7 + 48,5

+ 11%303,3 334 ,5 + 31,2

+ 10%154,2 211,0 + 56,8

+ 37%

BUSINESS SEGMENT’S RESULT

47,0 40,5 25,9 27,1 17,4 9,8 5,7 8,0

32 ,43) 13 ,7 3) 10,23)

EBITmargin 2) 5,4% 3,9% 5,7% 5,4% 5,8% 2,9% 3,7% 3,8%

6,5% 3) 4,1% 3) 4,8% 3)

Public Procurement Law and changes in the legislati on exerting anegative influence – Security being the most suscept ible BUBusiness Segments

8

Structure of the issue

Offer

Objectives of the issue

� issue of 713,715 Series E shares at the issue price of PLN 25

� offer addressed only to selected investors, excluding the pre-emption rights – private placement,

� agreements on the acquisition of Series E shares signed with 13 entities,

� PLN 17,842,875 – value of the placement,

� 28 September 2012 - listing of subscription warrants for Series E shares

� 23 September 2012 - listing of Series E shares

� proceeds from the issue of Series E shares will be allocated to:

� acquisitions - 80%

� working capital - 20%

Private placement of Series E shares

� Scope of services: company specializes in the cleaning of industrial installations, including:

− cleaning of silos, tanks, paint shops and chambers

− cleaning of process equipment in power plants, cement plants andsteelworks

− works in the zones with the risk of explosion and works at height

� Revenue: over PLN 22 million (2011)

PLN 24 million (Q1-3 2012)

� Investment value: over PLN 20 million (75% of the shares), including:

PLN 11.2 million (62.5% of the shares)

PLN 9 million – company’s capital increase

� Justification for investment:− new competence of the Group in the area of industrial installation cleaning

− high margins achieved in this business activity

− high entry barriers

− innovative product

�adding new competences to the provided services

�high margins

�entering the service market for large clients (power plants, steelworks)

IMPEL Group’s activities related to acquisitions [1]

9

AGREEMENT

CONCLUDED

(30 August 2012)

TRANSFER OF SHARE

OWNERSHIP

(5 November 2012)

Climbex

� Justification for investment:− expanding the product definition – from Security to Safety

− adaptation of the product to the Impel Group’s strategy – expanding the scope of operation of the security segment to ensure the broadly understood client’s safety

− growing market with good prospects in Poland and worldwide

− innovative product

− synergy with the Impel Group

�entering a new market with good prospects

�extending the range of services offered by the Group – creating a comprehensive security segment

�gaining new competences and know-how

� Scope of services: company provides security services, including:

− archiving – bar codes

− document storage

− document digitalizaton

− document destruction

AGREEMENT

CONCLUDED

(15 October 2012)

Ad Akta� Revenue: about PLN 1.5 million (2011)

� Investment value: PLN 1.3 million(100% of the shares)

10

CONDITIONAL ACQUISITION

AGREEMENT BINDING

UPON THE PARTIES

( 9 November 2012)

Gwarant� Scope of services:− manned guarding

− escorting cash in transit

− installation of alarm systems, CCTV systems, GPS and access control systems

� Revenue: over PLN 30 million (2011)

� Investment value: PLN 11.6 million(68.1% of the shares)

� Justification for investment:− strengthening of the local market position

− enlarging the client base

− considerable cost synergies

− high margins

�adding new competences to the provided services

� increase in the share in the security market

�enlarging the client base

IMPEL Group’s activities related to acquisitions [2]

DUE DILLIGENCE - COMPLETED

Brink’s C.L. Polska

� Scope of services:− cash counting

− cash storage

− cash transport

� Justification for investment:− strengthening the Group’s position and increasing its market share in the cash handling area

− possibility of obtaining considerable cost and administrative synergies

− enlarging the client base (no cannibalization)

− increasing the market share from 25% to 33%

− cost synergy

− new clients (BZ WBK , ING Bank Śląski, Bank Millennium, Citibank,Nordea Bank Polska)

� increasing the share in the security market

�considerable cost synergies

�new client base

� Revenue: over PLN 60 million (2011)

� Investment value: up to PLN 10 million(100% of the shares)

11

2003 2004 2005 2006 2007 2008 2009 20112010

Revenue 5.4 million

9.8 million 46 million 66 million 78 million 81 million 76 million 67 million

-4.9 million

-1.4 million 0.8 million -1.5 million10.7

million13.7 million

10.1 million

10.4 million

-91.2% -14.1% 1.7% -2.2% 13.7% 16.9% 13.3% 15.5%

7 billion 16 billion 36 billion 54 billion 60 billion 66 billion 72 billion 78 billion

4 6 11 13 16 16 19 22

EBITmargin (%)

Volume/yearClientsrepresenting the financial sector

Development of the cash handling segmentCASE STUDY

11

Incorporation of Impel Cash Handling

Taking over of Asekuracja Cash

Handling

Q4 2012

Taking over of Brink’s

PLN 60million- gain in revenue

2004 2005 20072006 2008 2009 2010 2011

12

Company’s listing on WSE – potential for a 20% growth

Price adjustment resulting from the division and separation of the property development part from the Group

25 October 2012 – report prepared by DM AmerBrokers with the BUY recommendation and the target price for the Company’s shares at the level of PLN 35.85

WIG index (points)Impel’s share price (PLN)