Correction of the consolidated quarterly report for the first quarter of 2017

The Board of Directors of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. (‘the Company’) hereby inform about the correction of the consolidated quarterly report for the first quarter of 2017 dated 15 May 2017, including the following changes in the Condensed Consolidated Financial Statements for the period from 1 January 2017 to 31 March 2017, i.e.:
a.	on page 25, the table with the wording:

SHAREHOLDERS	Number of shares [pcs]	Percentage of share capital %	Number of votes	Percentage of total number of votes at GMS  %
Maksymilian Maciej Skotnicki *	19 634 843	20,67	19 634 843	20,67
Michał Skotnicki*	10 700 011	11,26	10 700 011	11,26
Newth Jonathan Reginald	5 775 000	6,08	5 775 000	6,08
Krzysztof Borkowski pośrednio**	7 923 409	8,34	7 923 409	8,34
Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych***	9 931 499	10,45	9 931 499	10,45
Richie Holding Ltd	6 133 100	6,46	6 133 100	6,46
Pozostali	34 902 138	36,74	34 902 138	36,74
Ogółem	95 000 000	100,00	95 000 000	100,00

* Mr Maksymilian Maciej Skotnicki and Mr Michał Skotnicki are persons referred to in Article 87(4)(1) of the Act on Public Offering [...] and, thus, together they hold the total of 30,334,854 shares/votes representing 31.931% of the share capital of/the total number of votes in the Company.
** including 5,397,343 shares/votes held by Mazowiecka Korporacja Finansowa sp. z o.o. representing 5.68% of the share capital/total number of votes ***Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, as a result of the invitation announced on 21 September 2016, acquired 3,532,768 shares.”
has been replaced with the following table:

SHAREHOLDERS	Number of shares [pcs]	Percentage of share capital %	Number of votes	Percentage of total number of votes %
Maksymilian Maciej Skotnicki *	19 634 843	20,67	19 634 843	20,67
Michał Skotnicki*	10 700 011	11,26	10 700 011	11,26
Newth Jonathan Reginald	5 775 000	6,08	5 775 000	6,08
Krzysztof Borkowski pośrednio**	7 923 409	8,34	7 923 409	8,34
Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych***	9 931 499	10,45	0	0
Richie Holding Ltd	6 133 100	6,46	6 133 100	6,46
Pozostali	34 902 138	36,74	34 902 138	36,74
Ogółem	95 000 000	100,00	95 000 000	100,00

* Mr Maksymilian Maciej Skotnicki and Mr Michał Skotnicki are persons referred to in Article 87(4)(1) of the Act of 29 July 2005 on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading, and on Public Companies, and, thus, together they hold the total of 30,334,854 shares/votes representing 31.931% of the share capital of/the total number of votes in the Company.

** including 5,397,343 shares/votes held by Mazowiecka Korporacja Finansowa sp. z o.o. representing 5.68% of the share capital/total number of votes. ***Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, as a result of the invitation announced on 21 September 2016, acquired 3,532,768 shares.” The prohibition to exercise the voting rights pursuant to Article 89(1)(1) of the Act of 29 July 2005 on public offering and conditions governing the introduction of financial instruments to organised trading, and on public companies.”

2. on page 26, the table with the wording:

SHAREHOLDERS	Number of shares [pcs]	Percentage of share capital %	Number of votes	Percentage of total number of votes at GMS %
Maksymilian Maciej Skotnicki *	20 395 465	21,46	20 395 465	21,46
Michał Skotnicki*	10 700 011	11,26	10 700 011	11,26
Newth Jonathan Reginald	7 995 200	8,42	7 995 200	8,42
Krzysztof Borkowski pośrednio**	7 923 409	8,34	7 923 409	8,34
Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych***	5 271 499	5,55	5 271 499	5,55
Richie Holding Ltd	6 133 100	6,46	6 133 100	6,46
Pozostali	36 581 316	38,51	36 581 316	38,51
Ogółem	95 000 000	100,00	95 000 000	100,00

*The information about the number of shares held has been taken from the notice received prior to the AGM on 25 April 2017, about which the Company informed in its current report No. 7/2017.
**On 12 April 2017, the Issuer received from Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, a notice concerning the reduction of its share in the total number of votes in the Company. Detailed information about the said notice was published in current report No. 6/2017 of 12 April 2017.
***Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, as a result of the invitation announced on 21 September 2016, acquired 3,532,768 shares.”
has been replaced with the following table:

SHAREHOLDERS	Number of shares [pcs]	Percentage of share capital %	Number of votes	Percentage of total number of votes at GMS  %
Maksymilian Maciej Skotnicki *	20 395 465	21,46	20 395 465	21,46
Michał Skotnicki*	10 700 011	11,26	10 700 011	11,26
Newth Jonathan Reginald	7 995 200	8,42	7 995 200	8,42
Krzysztof Borkowski pośrednio**	7 923 409	8,34	7 923 409	8,34
Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych***	5 271 499	5,55	0	0
Richie Holding Ltd	6 133 100	6,46	6 133 100	6,46
Pozostali	36 581 316	38,51	36 581 316	38,51
Ogółem	95 000 000	100,00	95 000 000	100,00

*The information about the number of shares held has been taken from the notice received prior to the AGM on 25 April 2017, about which the Company informed in its current report No. 7/2017.

**On 12 April 2017, the Issuer received from Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, a notice concerning the reduction of its share in the total number of votes in the Company. Detailed information about the said notice was published in current report No. 6/2017 of 12 April 2017.

***Epsilon Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, as a result of the invitation announced on 21 September 2016, acquired 3,532,768 shares.” The prohibition to exercise the voting rights pursuant to Article 89(1)(1) of the Act of 29 July 2005 on public offering and conditions governing the introduction of financial instruments to organised trading, and on public companies.”

The corrected Condensed Interim Consolidated Financial Statements for the period from 1 January 2017 to 31 March 2017 are attached to this current report.

Legal basis:

§ 15(4) of the Regulation of the Polish Minister of Finance dated 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent the information required by the law of a non-member state.