Notification of change in the currently held share by at least 2% of the total number of votes and of exceeding the threshold of 20% of the total number of votes at the General Meeting of PROCHEM S.A.

Date of publication: 28.12.2017

The Management Board of PROCHEM S.A. informs that on 28 December 2017 received notification from POROZUMIENIE PHC of a change of the share held to date by the Members of POROZUMIENIE PHC, by at least 2% of the total number of votes and exceeding the threshold of 20% of the total number of votes at the General Meeting of PROCHEM S.A.

The change of the share held so far by at least 2% of the total number of votes occurred as a result of the acquisition on 22 December 2017 by persons who are Members of the PHC Agreement, in total 206,200 shares of the Company.

According to the last reported state of the shareholding by the POROZUMIENIE PHC, prior to the above transactions, the Members of POROZUMIENIE PHC held a total of 662,849 PROCHEM S.A. shares, representing 17.01% of the share capital and entitling to 663 749 votes, constituting 17.03% of the total number of votes at the General Meeting of the Company.

After the change in shareholding the Members of POROZUMIENIE PHC held a total of 897 261 Company’s shares, which constitute 23.04 % of the share capital and entitle to 898 361 votes, representing 23.06 % of the total number of votes at the General Meeting of the Company.

POROZUMIENIE PHC also announced that due to the above-mentioned transactions, the threshold of 20% of the total number of votes in PROCHEM S.A. was exceeded.

There are no subsidiaries from the POROZUMIENIE PHC who own shares in PROCHEM S.A. and there are no persons referred to in Art. 87 sec. 1 item 3 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.

POROZUMIENIE PHC also does not have any financial instruments which, after the payment deadline, unconditionally authorize or oblige the holder to purchase shares with which voting rights are attached and which are already issued by the Company, or relate indirectly or directly to the Company’s shares and which have the economic consequences similar to the effects of the financial instruments referred to in the preceding sentence, regardless of whether these instruments are exercised through the monetary settlement referred to in Art. 69 b section 1 item 1) and 2) of the Act on Trading.