To whom it might concern. Caelum Real Estate Asset Management (CREAM) part of the Caelum Development Group of companies selected the NOVO Property Management system of NOVO Technologies company in late 2012 to provide a comprehensive property management system that can manage our leases.

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The Valad team appreciates the hard work and long hours you put into delivering a working system for our business. The project deadlines could not have been achieved without your responsiveness and commitment. Overall, it was a successful implementation.

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DEKADA Realty has been cooperating with NOVO technologies since the end of the last year. We chose the NOVO Property Management system which has been supporting management of properties included in our portfolio for over 9 months now.

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MLP Group is the first developer of warehousing areas listed on the Warsaw Stock Exchange. It has been operating on the commercial real estate market since 1998, specialising in construction and management of modern warehousing centres.

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Peakside Capital is active across all property types in Germany and CEE. The funds' portfolio includes, among other assets, three outlet shopping centers-Fashion House Outlet located in Warsaw, Gdansk and Sosnowiec. These Outlets, with many premium International brands in their tenant mix, are operated by the Fashion House Group.

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CPD S.A. is a capital group controlling a group od subsidiaries the business of which concentrates on development projects in the office and residential sector.

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