Notice of a change of the share in the total number of votes in PEPEES S.A.

The Board of Directors of PEPEES S.A. (“the Company”) hereby informs that, on 28 October 2016, it received from Mr Maksymilian Skotnicki and Mr Michał Skotnicki a notification about increasing, by the aforementioned persons, their shares in the total number of votes in the Company. The Company presents the said notification below:
“We, the undersigned, in performance of the obligation referred to in Article 69 Clause 1 item 1) and the obligation referred to in Article 69 Clause 2 item 1) letter a) of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (consolidated text: (Journal of Laws of 2016, item 1639, hereinafter “the Offering Act”), hereby inform the Polish Financial Supervision Authority and Przedsiębiorstwo Przemysłu Spożywczego “PEPEES” S.A. with its registered office in Łomża (hereinafter “the Company”) that:
1. on 20 October 2016 and on 21 October 2016, Mr Michał Skotnicki, as a result of transactions concluded on the regulated market, acquired the total of 2,100,011 non-certificated shares of the Company, ISIN PLPEPES00018;
2. prior to the acquisition of the said shares, Mr Michał Skotnicki had held 8,600,000 shares of the Company which had accounted for 9.053 % of the Company’s share capital. These shares incorporated the right to 8,600,000 votes at the Company’s General Meeting of Shareholders and accounted for 9.053 % of the total number of votes at the Company’s General Meeting of Shareholders;
3. following the acquisition of the said shares, Mr Michał Skotnicki holds 10,700,011 shares of the Company, which account for 11.263 % of the Company’s share capital. These shares incorporate the right to 10,700,011 votes at the Company’s General Meeting of Shareholders and account for 11.263 % of the total number of votes at the Company’s General Meeting of Shareholders.
At the same time, having regard for Article 87 Clause 1 item 5) in conjunction with Article 87 Clause 4 item 1 in conjunction with Article 69 Clause 2 item 1) letter a) of the Offering Act, we hereby inform that Mr Maksymilian Skotnicki (a member of Mr Michał Skotnicki’s close family) holds 19,634,843 shares, which account for 20.668 % of the Company’s share capital. These shares incorporate the right to 19,634,843 votes at the Company’s General Meeting of Shareholders and account for 20.668 % of the total number of votes at the Company’s General Meeting of Shareholders. Taking into account the above, we hereby inform that:
1. the total number of the Company’s shares held by Mr Michał Skotnicki and of shares held by Mr Maksymilian Skotnicki, prior to the aforementioned transaction concluded by Mr Michał Skotnicki, had been 28,234,843 shares of the Company, which had accounted for 29.721 % of the Company’s share capital. These shares had incorporated the right to 28,234,843 votes at the Company’s General Meeting of Shareholders, which had accounted for 29.721 % of the total number of votes at the Company’s General Meeting of Shareholders.
2. following the conclusion of the aforementioned transaction by Mr Michał Skotnicki, the total number of the Company’s shares held by Mr Michał Skotnicki and of shares held by Mr Maksymilian Skotnicki is now 30,334,854 shares of the Company, which accounts for 31.931 % of the Company’s share capital. These shares incorporate the right to 30,334,854 votes at the Company’s General Meeting of Shareholders and account for 31.931 % of the total number of votes at the Company’s General Meeting of Shareholders.
In addition, we hereby inform that:
1. there are no subsidiaries controlled by Mr Michał Skotnicki or Mr Maksymilian Skotnicki, which hold the Company’s shares;
2. there is no person, neither in the case of Mr Michał Skotnicki nor in the case of Mr Maksymilian Skotnicki, referred to in Article 87 Clause 1 item 3 letter c) of the Offering Act;
3. neither Mr Michał Skotnicki nor Mr Maksymilian Skotnicki are subject to the circumstances referred to in Article 69 Clause 4 item 7-8 of the Offering Act”.

Signatures of the Company’s representatives

President of the Board of Directors Wojciech Faszczewski 2016-10-28