Commencement of treasury share buyback

The Management Board of Przedsiębiorstwo Przemysłu Spożywczego "PEPEES" S.A. (the "Company") states that it has decided to initiate the buyback of its treasury shares and to announce the invitation to tender for the sale of shares (the "Invitation") based on the authorisation granted by the Annual General Meeting of Shareholders by way of Resolution No. 24 of 25 April 2017. The Invitation is related to the acquisition of no more than 1,967,172 ordinary bearer shares of the Company coded PLPEPES00018, representing in total 2.07% of the Company's share capital and the total number of votes at the Company's General Meeting.
The purchase price of the treasury shares is equal to PLN 1.20 per share.
The invitation is addressed to all the shareholders of the Company.
The buyback will be carried out through the agency of Dom Maklerski Banku Ochrony Środowiska S.A.
The invitation can be found on the company's website:

https://pepees.pl/skup-akcji-wlasnych


Investor relations tab and on the website of Dom Maklerski Banku Ochrony Środowiska S.A:

https://bossa.pl/oferta/rynek-pierwotny/skup-akcji

Offers to sell shares may be made between 15 February 2022 and 22 February 2022. The expected date for the conclusion and settlement of the transaction is 25 February 2022. The Company shall have the right to withdraw from the Invitation both before and after the commencement of acceptance of offers to sell. The detailed terms and conditions and information on how the buyback will be conducted are contained in the Invitation. The invitation does not constitute a tender offer for the sale or exchange of shares within the meaning of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of 29 July 2005.


SIGNATURES OF INDIVIDUALS REPRESENTING THE COMPANY
Date Full name Position/Function Signature
2022/02/14 Wojciech Faszczewski President of the Management Board
2022/02/14 Tomasz Rogala Member of the Management Board