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

The Board of Directors of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. (‘the Company’) hereby informs that, on 15 February 2018, the Company received a notice from Mr Krzysztof Borkowski (as a parent company) and Mazowiecka Korporacja Finansowa sp. z o.o. with its registered office in Płońsk, drawn up pursuant to Article 69 of the Act on Public Offering (...); the Company presents the full text of the notice below:
Pursuant to Article 69 and in connection with Article 87 of the Polish Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading, and on Public Companies (consolidated text: Journal of Laws [Dziennik Ustaw] of 2016 item 1639, as amended, hereinafter ‘the Offering Act’), I 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 15 February 2018, as a result of the settlement of the transaction of the disposal of the Company’s shares as part of the tender offer concerning the Company’s shares announced by Mr Maksymilian Skotnicki and Mr Michał Skotnicki on 8 January 2018, Mazowiecka Korporacja Finansowa sp. z o.o. with its registered office in Płońsk disposed of 5,397,343 book-entry shares of the Company with ISIN code: PLPEPES00018;
2. Prior to the event described in item 1 above, Mazowiecka Korporacja Finansowa sp. z o.o. had held the total of 5,397,343 shares of the Company representing 5.68% of the Company’s share capital. At the same time, these shares had incorporated the right to 5,397,343 votes at the Company’s General Meeting of Shareholders, which had accounted for 5.68% of the total number of votes at the Company’s General Meeting of Shareholders.
3. Currently, Mazowiecka Korporacja Finansowa sp. z o.o. does not have any shares of the Company and therefore does not hold any stake in the Company’s share capital, and does not have any votes at the Company’s General Meeting of Shareholders and therefore does not hold any percentage of the total number of votes at the Company’s General Meeting of Shareholders. In addition, there are no subsidiaries of Mazowiecka Korporacja Finansowa sp. z o.o., which would hold any shares of the Company.

In addition, having regard for the wording of Article 87 of the Offering Act, I hereby inform that:
4. On 15 February 2018, as a result of the settlement of the transaction of the disposal of the Company’s shares as part of the tender offer concerning the Company’s shares announced by Mr Maksymilian Skotnicki and Mr Michał Skotnicki on 8 January 2018, the entities for which I am the parent company (including the aforementioned Mazowiecka Korporacja Finansowa sp. z o.o.) and a person closely related to me, disposed of the total of 7,923,409 book-entry shares of the Company with ISIN code: PLPEPES00018;
5. Prior to the event described in item 4 above, the entities for which I am the parent company (including the aforementioned Mazowiecka Korporacja Finansowa sp. z o.o.) and a person closely related to me, had held 7,923,409 shares of the Company representing 8.34% of the Company’s share capital. At the same time, these shares had incorporated the right to 7,923,409 votes at the Company’s General Meeting of Shareholders, which had accounted for 8.34% of the total number of votes at the Company’s General Meeting of Shareholders;
6. Currently, the entities for which I am the parent company (including the aforementioned Mazowiecka Korporacja Finansowa sp. z o.o.) and a person closely related to me do not have any shares of the Company and therefore do not hold any stake in the Company’s share capital, and do not have any votes at the Company’s General Meeting of Shareholders and therefore do not hold any percentage of the total number of votes at the Company’s General Meeting of Shareholders. Therefore, none of my subsidiaries hold any shares of the Company. Also I personally do not hold any shares of the Company.

Moreover, I hereby declare that:
7. There is no third party who is a party to any agreement with Mazowiecka Korporacja Finansowa sp. z o.o. or with me under which the right to exercise voting rights would have been transferred.
8. Neither Mazowiecka Korporacja Finansowa sp. z o.o. nor I personally hold any financial instruments referred to in Article 69b(1) of the Offering Act.

Personally and on behalf of Mazowiecka Korporacja Finansowa sp. z o.o. (as President of the Board of Directors).”

SIGNATURES OF THE COMPANY’S REPRESENTATIVES

2018-02-15     Wojciech Faszczewski     President of the Board of Directors
2018-02-15     Tomasz Rogala               Member of the Board of Directors