easyPack raises funding of over €115 million

The global investment fund Templeton Strategic Emerging Markets Fund IV, LDC ("TSEMF IV") and PZU Insurance Group have announced, together with Integer.pl Group, an investment of €81.7 million in easyPack, the owner of the world's largest network of Parcel Machines®. The funds raised will be earmarked for the development of Paczkomaty® InPost on international markets. At the same time, an agreement was signed with BGK to provide the company with debt financing in the amount of USD 36.7 million, earmarked for the development of Paczkomaty® InPost on the Canadian market.

Templeton Strategic Emerging Markets Fund IV, LDC ("TSEMF IV") and PZU are making a cash contribution to easyPack with an option to continue funding the company in the future. Integer.pl Group is contributing assets and a cash contribution. Thanks to the funds raised, with the support of new and existing investors, easyPack will continue to expand the InPost Parcel Machines® network in Europe and on markets outside Europe, thereby addressing the needs of the rapidly growing e-commerce market for efficient and effective product delivery. easyPack plans to have a network of 5,000 InPost Parcel Machines® in Europe, North America and the Middle East by the end of 2015. Additional funding will allow the network to be expanded by an additional 4,000 devices.

"We are pleased to announce the finalisation of the second round of funding for easyPack, aimed at further dynamic expansion of the InPost® parcel machine network worldwide. I am convinced that the funds raised will accelerate the growth of our business and help us reach the next stage in our quest to create a global platform for modern parcel services for e-commerce. The new shareholders of easyPack are well-known, reliable financial institutions, which thereby demonstrate their faith in the ambitious international project we are pursuing." - Rafał Brzoska, CEO of Integer.pl Group, said.

"Paczkomaty® InPost has proven on the Polish market that it is the perfect solution for e-commerce. Therefore, we want to participate in the further development of easyPack on other markets." – dodał Matjaz Schroll, TSEMF IV, Head of Private Equity Central & Eastern Europe.

"Supporting Poland's best, innovative companies - which are global leaders in their sectors - is part of the PZU Group's strategy. The international growth of Paczkomaty® InPost is unquestionable - because it is a proven business model, based on very user-friendly technology." - Rafał Ryba, investment director at PZU Group, assessed.

"PineBridge is enthusiastically looking forward to further strengthening easyPack's leadership position. The new funding round will certainly allow us to address the global demand for innovative B2C solutions." - Pierre Mellinger, managing director and chief investment officer of PineBridge Investment, commented.

"Bank Gospodarstwa Krajowego intends to be the first choice bank for Polish entrepreneurs to realise their ambitious investment plans. We are pleased to have signed a contract worth USD 36.7 million to help realise these plans." - says Dariusz Kacprzyk, President of the Management Board of BGK . "Supporting the export and foreign expansion of Polish entrepreneurs is one of the main tasks of a state-owned development bank like BGK. That is why - in addition to our standard banking offer - we engage as a minority investor in foreign acquisitions of Polish companies through a dedicated fund. We also intend to significantly increase the scale of our activities in both debt and equity." Dariusz Kacprzyk concluded.

easyPack is a company founded in 2012 by Integer.pl Group and the American fund PineBridge Investments. Anticipating trends and consumer expectations in the area of delivery for e-commerce and online commerce, the company created and manages a network of innovative easyPack® InPost parcel machines in more than a dozen countries. Paczkomaty significantly reduce the costs of the 'last mile' and offer users a comfortable, flexible, fast and attractively priced way of collecting parcels 24/7, without the need to provide a delivery address, but solely on the basis of a mobile phone number. Currently, Paczkomaty® InPost is rated by users much higher than the courier and postal services offered by e-shops - as a delivery option and setting a completely new standard in the logistics market.

Integer Group's financial advisor during the transaction was JP Morgan, Deloitte was responsible for the vendor due diligence process and Baker & McKenzie was legal advisor. Legal counsel for Templeton Strategic Emerging Markets Fund IV, LDC ("TSEMF IV") and PZU was Weil, Gotshal & Manges, while BGK was represented by White & Case.

Integer.pl Group - together with its subsidiaries InPost and easyPack - is one of the largest private postal and logistics operators in Europe. The Group is also a global leader in the automation of deliveries for e-commerce and the owner of the world's largest network of Parcel Machines® under the InPost brand. Integer.pl, together with its subsidiaries, employs over 10,000 people.

Paczkomaty® InPost are already operating on 5 continents, including countries such as the United Kingdom, France, Italy, Poland, Ireland, Iceland, Lithuania, Latvia, Estonia, the Czech Republic, Slovakia, Colombia, Canada, Australia and Saudi Arabia. By the end of 2015, more than 5,000 InPost Parcel Machines® will be available - in various business models - around the world. In the United Kingdom, users have a network of more than 1,100 Paczkomat® InPosts at their disposal, while in Poland 1,300 terminals are currently available and further expansion of the network is planned.

The top quality of Integer.pl Group and InPost's services is confirmed by numerous international awards: the title of 'Supplier of the Year' at Post Expo 2014, winning the prestigious World Mail Award four times between 2010 and 2013, the Delivery Excellence Award 2014 in the category: "Best Carrier Contribution to Delivery Innovation", which Paczkomaty® InPost received 2014 in the UK, or the Postal Technology International Award in the 'Retail Innovation of the Year' category for 'Innovation of the Year'.

Integer.pl Group has been listed on the Warsaw Stock Exchange since 2007.

Templeton Strategic Emerging Markets Fund IV, LDC ("TSEMF IV") and Templeton Emerging Markets Group is a private equity fund managed by Templeton Asset Management Ltd ("TAML"), a licensed investment adviser to Templeton Emerging Markets Group led by Dr Mark Mobius, an emerging markets investment pioneer with over 40 years of experience.

Templeton Emerging Markets Group employs more than 50 experts in 18 offices located in emerging markets countries, including Singapore and Hong Kong. TAML's emerging markets assets led by Dr Mark Mobius reached more than US$40 billion as at 31 March 2015.

Franklin Resources, Inc. ("FRI") (NYSE: BEN), the parent company of TAML - is a global investment fund operating under the name Franklin Templeton Investments. Franklin Templeton Investments manages assets in global AND local markets for clients in more than 150 countries. The fund employs more than 600 management experts and is supported by an international team of risk management professionals. The firm has offices in 35 countries, more than 65 years of investment experience and more than US$880 billion in assets under management (as at 31 March 2015).

Capital Group of Powszechny Zakład Ubezpieczeń SA (PZU Group) is one of the largest financial institutions in Poland, as well as in Central and Eastern Europe. PZU's traditions date back to 1803, when the first insurance company on Polish soil was established. As an heir to a tradition of more than 200 years, PZU has for many years provided comprehensive insurance protection in all major areas of private, public and economic life.

In addition to its insurance business, the PZU Group is also active in the management of open-ended pension funds, investment funds and savings programmes - managing assets of more than PLN 54 billion for institutional and individual clients.

BGK is a state-owned bank supporting Poland's socio-economic development. The Bank is involved in strategic sectors of the economy: financing of infrastructure projects, foreign expansion and export development of Polish enterprises, framework guarantees for SMEs, housing initiatives, as well as implementation of government programmes and funds. BGK is responsible for the redistribution of EU funds and the consolidation of public finances in Poland.

PineBridge Investments manages USD 72.9 billion in assets (as of 31.12.2014) for institutional and individual clients based on a broad range of investments: in equity, private equity and hedging strategies. PineBridge Investments' has more than 800 employees within a strong international network based on local market knowledge and successfully identifies potential investment targets for the benefit of investors worldwide.