Notification by a shareholder of exceeding 33% of the total number of votes in the company PROCHEM S. A.

Date of publication: 19.08.2020

The Management Board of PROCHEM S. A. with its registered office in Warsaw (hereinafter referred to as the “Issuer”, “Company”) informs that on August 18, 2020, the Company received from the attorney of Steven George Tappan – a shareholder of the Company – the information as following:

„Acting on behalf of Mr. Steven George Tappan (power of attorney with a fee in the case files at the PFSA (Polish Financial Supervision Authority- KNF) Office in connection with the announcement of the tender offer), pursuant to Art. 69 sec. 1 item 1 of the Act of July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2019, item 623, as amended) (the “Act”), we hereby inform on the change of the share in the total number of votes at the general meeting of Prochem SA with its seat in Warsaw and the following address: Łopuszańska 95 Street, 02-457 Warsaw, Poland, entered into the Register of Entrepreneurs of the National Court Register kept by the District Court for the capital city of Warsaw in Warsaw, 13th Commercial Division of the National Court Register, under KRS number 0000019753 (“Prochem”) held by the Mr. Steven George Tappan.

1. The date and type of the event causing the change of share to which the notification relates.
On August 18, 2020, Mr. Steven George Tappan, as a result of the settlement of the transaction for the acquisition of shares covered by subscriptions submitted in the period from July 30, 2020 to August 12, 2020 inclusive, under a tender offer announced by Mr. Steven George Tappan on July 10, 2020 to subscribing for the sale of Prochem shares, increased his share in the share capital of Prochem and in the total number of votes in Prochem, respectively to the level of approx. 33.228% and approx. 33.215% (“Transaction”). As a result, Mr. Steven George Tappan exceeded the threshold of 33% of the total number of votes at the general meeting of Prochem.

2. Number of shares held before the change of share and their percentage share in the company’s share capital and the number of votes attached to these shares and their percentage share in the total number of votes.
Before the settlement of the Transaction, Mr. Steven George Tappan held directly 968,500 shares of Prochem, constituting approx. 32.998% of the share capital of Prochem, entitling to 968,500 votes at the general meeting of Prochem, constituting approx. 32.985% of the total number of votes at the general meeting of Prochem.

3. The number of currently owned shares and their percentage share in the company’s share capital and the number of votes attached to these shares and their percentage share in the total number of votes.
As at the date of submission of this notification, after the settlement of the Transaction, Mr. Steven George Tappan directly holds 975,250 shares,constituting approx. 33.228 % of the share capital of Prochem, entitling to 975,250 votes at the general meeting of Prochem, constituting approx. 33.215 % of the total number of votes at the general meeting of Prochem.

4. Subsidiaries of the notifying shareholder who hold shares of Prochem.
Not applicable.

5. The persons referred to in Art. 87 sec. 1 item 3 letter c) of the Act.
Not applicable.

6. The information referred to in Art. 69 sec. 4 item 7 of the Act.
Not applicable.

7. The information referred to in Art. 69 sec. 4 item 8 of the Act.
Not applicable.

8. The total number of votes indicated pursuant to Art. 69 sec. 4 items 3, 7 and 8 of the Act and its percentage share in the total number of votes.
As described in item 3 above “