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Acquisition by PROCHEM S.A. own shares for redemption

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Acquisition by PROCHEM S.A. own shares for redemption

Date of publication: 21.03.2018

The Management Board of PROCHEM S.A. with its registered office in Warsaw (hereinafter referred to as the “Company”) informs that as a result of the settlement, on 21 March 2018, of the purchase of own shares, the Company acquired a total of 960,000 (say: nine hundred sixty thousand) own shares with a nominal value of PLN 1.00 each share, which together constitute 24.65% of the share capital of the Company. These shares correspond to 960,000 votes at the General Meeting of the Company, which constitutes 24.64% of votes at the General Meeting of the Company. The purchase price was PLN 25.00 (say: twenty five of Zlotys) per one share.

The shares were acquired in the framework announced by the Company on February 28, 2018 (current report No. 14/2018 of February 28, 2018), of the offer to purchase no more than 960,000 shares of the Company with a nominal value of PLN 1.00.

The offer was announced on the basis of Resolution No. 4 of the Extraordinary General Meeting of the Company of January 26, 2018 regarding giving the consent to the acquisition by PROCHEM S.A. of own shares for redemption and giving authority to purchase own shares PROCHEM S.A.

Acquisition of shares took place outside the regulated market, through intermediary of mBank S.A. with headquarters in Warsaw – Dom Maklerski mBanku.

The shares were purchased for redemption. Pursuant to § 2 of Resolution No. 4 of the Extraordinary General Meeting of PROCHEM S.A. dated 26 January 2018, the Management Board of the Company will insert on the agenda of the next General Meeting of the Company a resolution regarding the redemption of acquired own shares.

The Management Board informs that as of the date of publication of this report, the Company holds a total of 960,000 own shares, constituting 24.65% of the share capital of the Company. These shares correspond to 960,000 votes at the General Meeting of the Company, which constitutes 24.64% of votes at the General Meeting of the Company.