Correction of the consolidated quarterly report for the third quarter of 2018

The Board of Directors of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. (‘the Company’) hereby inform about the correction of the consolidated quarterly report for the third quarter of 2018 dated 16 November 2018, including the following changes in the Condensed Interim Consolidated Financial Statements for the period from 1 January 2018 to 30 September 2018, i.e. on page 29, the table with the wording:

SHAREHOLDERS	Number of shares/votes [pcs]	Percentage of share capital/total number of votes at GMS %
Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych	23 345 498	24,57%
Mr Michał Skotnicki*	21 325 780	22,45%
Mr Maksymilian Maciej Skotnicki *	20 703 282	21,79%
Mr Newth Jonathan Reginald	7 995 200	8,42%
Richie Holding Ltd	6 133 100	6,46%
Others	15 497 140	16,31%
Total	95 000 000	100,00%

* Mr Maksymilian Maciej Skotnicki and Mr Michał Skotnicki are persons referred to in Article 87(4)(1) of the Act on Public Offering [...] and, thus, together they hold the total of 42,029,062 shares/votes representing 44.24% of the share capital of/the total number of votes in the Company.”

has been replaced with the following table:

SHAREHOLDERS	Number of shares/votes [pcs]	Percentage of share capital/total number of votes at GMS %
Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych*	23 345 498 / 1 929 768	24,57% / 2,03%
Mr Michał Skotnicki**	21 325 780	22,45%
Mr Maksymilian Maciej Skotnicki **	20 703 282	21,79%
Mr Newth Jonathan Reginald	7 995 200	8,42%
Richie Holding Ltd	6 133 100	6,46%
Others	15 497 140	16,31%
Total	95 000 000	100,00%

* The prohibition to exercise the voting rights pursuant to Article 89(1)(1) of the Act of 29 July 2005 on public offering and conditions governing the introduction of financial instruments to organised trading, and on public companies.

** Mr Maksymilian Maciej Skotnicki and Mr Michał Skotnicki are persons referred to in Article 87(4)(1) of the Act of 29 July 2005 on public offering and conditions governing the introduction of financial instruments to organised trading, and on public companies, and, thus, together they hold the total of 42,029,062 shares/votes representing 44.24% of the share capital of/the total number of votes in the Company.”

The corrected Condensed Interim Consolidated Financial Statements for the period from 1 January 2018 to 30 September 2018 are attached to this current report.

Legal basis:

§ 15(4) of the Regulation of the Polish Minister of Finance dated 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent the information required by the law of a non-member state.