Notice of change of share in the total number of votes in the Company

Acting in accordance with Article 70(1) of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading System and on Public Companies _Act_, the Management Board of Przedsiębiorstwo Przemysłu Spożywczego "PEPEES" S.A. _Company, Emissioner_ informs that on 23 January 2019 the Company received a notice from EPSILON Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych w Warszawie made in accordance with art. 69 of the Act, related to the change of share in the total number of votes in the Company, with the following provisions:
“Acting on behalf of SATURN Towarzystwo Funduszy Inwestycyjnych S.A. with its seat in Warsaw at ul. Zygmunta Krasińskiego 2A, 01 -601 Warsaw, entered into the Register of Entrepreneurs of the National Court Register kept by the District Court for the capital city of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000305034, NIP: 1070011452 and REGON: 141340910, with the share capital in the amount of PLN 2.950.000 paid in the amount of PLN 2.670.000 _hereinafter referred to as: “Association”_ managing and representing the Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych fund entered to the Register of Investment Funds held by the District Court in Warsaw VII Commercial Division under the number RFI 1000 _hereinafter referred to as: “Fund”, “Shareholder”_,
on the basis of art. 69(2)(1)(a) in relation to art. 69(1) of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading System and on Public companies _consolidated text OJ No 2018, item 512) - hereinafter referred to as: “Act on Offering”_ we hereby inform the Polish Financial Supervision Authority and the Company: Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. with its seat in Lomza _hereinafter referred to as: “Company”_ about the change of share in the total number of votes at the General Meeting of Shareholders related to:
the increase of the share in the number of votes held by the Fund in the Company: Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. with its seat in Lomza by more than 2%. 
In carrying out the duties of the notice below we introduce the information required pursuant to article 69(4) of the Act on Offering:
1. The date and nature of the event giving rise to the notice on the change of share;
On 21 January 2019, due to the settlement of transactions concluded outside the organised trading on 18 January 2019, Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych acquired dematerialised shares of the company Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. 
with its seat in Lomza _ISIN code PLPEPES00018_ in number of 2.480.000 _in words: two million four hundred and eighty thousand_.
2. The number of shares held before the change of share and their percentage share in the share capital of the company and the number of votes from those shares and their percentage share in the total number of votes;
Before the change the notice relates to, Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych owned 25.129.982 shares, which constitutes 26.45% in the share capital of the Company, carrying 25.129.982 of votes at the General Meeting, being 26.45% of the total number of votes at the General Meeting.
3. The number of currently owned shares and their percentage share in the share capital of the Company and the number of votes carried by these shares and their percentage share in the total number of votes;
After changing the share the notice relates to, the number of Company shares held by the Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych is 27.609.982 shares, which constitutes 29.06% in the share capital of the Company, carrying 27.609.982 votes at the General Meeting of the Company, being 29.06% of the total number of votes at the General Meeting.
4. Entities dependent on the Shareholder making the notification, owning the Company shares.
There are no entities dependent on the Shareholder with shares of the Company.
5. The persons referred to in Article 87(1)(3)(c) in the Act on Offering.
There are no persons referred to in Article 87(1) (3)(c) in the Act on Offering.
6. The number of votes from the shares, calculated in the manner set out in Article 69b(2), to the acquisition of which the holder of the financial instruments referred to in Article 69b(1)(1) is entitled and financial instruments referred to in Article 69b(1)(2) that are not carried out only by cash settlement, nature or name of those financial instruments, their date of expiry and the date or period in which the acquisition of the shares will or may be the conducted.
The Shareholder has no financial instruments referred to in Article 69b(1) of the Act on Offering.
7. The number of votes from the shares, calculated in the manner set out in Article 69b(3), which directly or indirectly relate to financial instruments referred to in Article 69b(1)(2), the type or name of those financial instruments and the date of expiry of those financial instruments.
The Shareholder has no financial instruments referred to in Article 69b(1) of the Act on Offering.
8. The total number of votes specified under provisions 2, 6 and 7 above and their percentage share in total number of votes.
Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych currently owns 27.609.982 shares, which constitutes 29.06% of the share capital of the Company, carrying 25.129.982 votes at the General Meeting, being 29.06% of the total number of votes at the General Meeting.
In the next 12 months the Shareholder does not preclude direct and indirect increase or decrease of their commitment in the Company."

SIGNATURES OF THE COMPANY REPRESENTATIVES
Date,                First and Last Name,         Position/Function                             Signature
2019-01-23       Wojciech Faszczewski        President of the Management Board
2019-01-23       Tomasz Rogala                 Member of the Management Board