The list of shareholders holding at least 5% of votes at the General Meeting of Shareholders

The Board of Directors of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. (_’the Company’_) hereby notifies that, in accordance with the list of attendance at the Annual General Meeting of Shareholders of the Company held on 11 May 2018 (_’the AGM’_), the following shareholders held at least 5% of the total number of votes at the AGM:

Epsilon FIZ AN.: 22,908,318 ordinary bearer shares that entitled their holder to 22,908,318 votes at the AGM, which represented 28.96% of the votes at the AGM; the percentage share in the total number of votes on the date of the AGM: 24.11%.

Mr Michał Skotnicki: 21,325,780 ordinary bearer shares that entitled their holder to 21,325,780 votes at the AGM, which represented 26.96% of the votes at the AGM; the percentage share in the total number of votes on the date of the AGM: 22.45%.

Mr Maksymilian Skotnicki: 20,703,282 ordinary bearer shares that entitled their holder to 20,703,282 votes at the AGM, which represented 26.18% of the votes at the AGM; the percentage share in the total number of votes of the Company on the date of the AGM: 21.79%.

Hubert Malinowski: 4,553,309 ordinary bearer shares that entitled their holder to 4,553,309 votes at the AGM, which represented 5.76% of the votes at the AGM; the percentage share in the total number of votes on the date of the AGM: 4.79%.

Demexx sp. z o.o.: 4,294,495 ordinary bearer shares that entitled their holder to 4,294,495 votes at the AGM, which represented 5.43% of the votes at the AGM; the percentage share in the total number of votes on the date of the AGM: 4.52%.

On the date of the AGM, the total number of votes from all outstanding shares of the Company was 95,000,000 votes. Shareholders representing the total of 79,094,977 votes, i.e. 83.26% of the total number of votes on the date of the AGM, participated in the AGM.



SIGNATURES OF PERSONS REPRESENTING THE COMPANY
Date                Name                                      Title/Function                                    Signature
2018-05-14     Wojciech Faszczewski           President of the Board of Directors
2018-05-14     Tomasz Rogala                      Member of the Board of Directors