ACQUISITION OF THE THIRD STAKE OF SHARES IN GOSPODARSTWO ROLNE PONARY SP. Z O.O.

With regard to the current report no. 11/2017 on conclusion by Przedsiębiorstwo Przemysłu Spożywczego "PEPEES" S.A. ("Company") the conditional agreement for purchase of approx. 34.92% of shares in Gospodarstwo Rolne Ponary sp. z o.o. ("Ponary") by the Company, the Company’s Management Board informs that for the purposes of performance of the above mentioned agreement and with regard to the investment loan agreement for funding the purchase of shares of Ponary, about which the Company informed in the current report no. 28/2017, on 4 January 2018, the Company concluded the conditional sale agreements with two natural persons, the Company’s shareholders, based on which the Company will acquire the stake of other shares in Ponary comprising approx. 32.6% shares in total ("Third Stake of Shares").

The Third Stake of Shares will be purchased provided that the National Support Centre for Agriculture will not execute its pre-emption right to purchase shares under this stake, pursuant to the provisions of the Act of 11 April 2003 on Formation of the Agricultural System. If the National Support Centre for Agriculture does not exercise the pre-emption right to purchase the Third Stake of Shares, the Company will become an owner of 100% of shares in Ponary.

The Company informed on the acquisition of the Second Stake of Shares comprising the stake of 32.5% of shares in Ponary in the current report no. 22/2017.
Signatures of the persons representing the Company
President of the Management Board Wojciech Faszczewski 2018-01-04
Member of the Management Board Tomasz Rogala 2018-01-04