Information on a lawsuit of the Shareholder against the Company

Date of publication: 23.03.2018

The Management Board of PROCHEM S.A. with its registered office in Warsaw (hereinafter referred to as the “Issuer” or “Company”), informs that on 1 March 2018, the proxy of the shareholder Value Fund Poland Activist Fundusz Inwestycyjny Zamknięty with its registered office in Warsaw informed the Issuer about the bringing of the lawsuit by above-mentioned Shareholder, against the Issuer:

– for determining that Resolution No. 3 of the Issuer’s Extraordinary General Meeting of 26 January 2018 regarding the authorization and obligation of the Management Board of PROCHEM S.A. to acquire Company’s own shares for redemption, was adopted;
– for stating annulment of Resolution No. 4 of the Extraordinary General Meeting of the Issuer of January 26, 2018 regarding the authorization and obligation of the Management Board of PROCHEM S.A. to acquire Company’s own shares for the purpose of their redemption, or for repealing above Resolution No. 4 of the Extraordinary General Meeting of the Issuer of January 26, 2018.

In the opinion of the Issuer’s Management Board, this fact does not affect the obligation of the Management Board to implement Resolution No. 4 of the Extraordinary General Meeting of the Issuer of January 26, 2018 regarding the authorization and obligation of the Management Board of PROCHEM S.A. to acquire Company’s own shares for redemption, in accordance with current report No. 14/2018 of February 28, 2018.