Notification by the shareholder on the change in the shareholding held in the total number of votes in PROCHEM S.A.

Date of publication: 13.09.2018

The Management Board of PROCHEM S.A. (hereinafter “Issuer”, “Company”) informs that on September 22, 2018 received from the shareholder of the company, Mr. Steven Tappan, a notification on change of the share owned so far by at least 2% of the total number of votes at the General Meeting of the Issuer and exceeding the level of 25% of total number of votes at the Issuer’s General Meeting.

Change in the share by at least 2% of the total number of votes at the Issuer’s General Meeting took place as a result of the redemption of 960,000 shares of Company with a nominal value, which corresponds to 960,000 votes, about which the Company informed in the Current Report No. 39 on 11 September 2018.

Before the change, Mr. Steven Tappan held a total of 965 000 shares of PROCHEM S.A., which constituted 24,78 % of the share capital and entitled to 965 votes, constituting 24.77 % of the total number of votes at the General Meeting of the Company.

After the change in share, Mr. Steven Tappan holds a total of 965 000 shares of PROCHEM S.A., which constitute 32.88 % of the share capital and entitle to 965 000 votes, constituting 32.87 % of the total number of votes at the General Meeting of the Company.

At the same time, as a result of event as above, the share of Mr. Steven Tappan in the total number of votes has exceeded 25%.

There are no subsidiaries of the notifying shareholder who hold shares of 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.

The shareholder also does not have the financial instruments referred to in Art. 69b section 1 of above Act, and does not have the votes referred to in Art. 69b section 2 and 3 of above Act.