Notification by Quercus TFI SA about the diminishing of participation in the total number of votes in PROCHEM S.A. jointly by the Funds managed by Quercus TFI S.A.

Date of publication:08.01.2018

The Management Board of PROCHEM S.A. with its registered office in Warsaw informs that on January 5, 2018, PROCHEM S.A. received the following information from Quercus Towarzystwo Funduszy Inwestycyjnych S.A:

Quercus Towarzystwo Funduszy Inwestycyjnych S.A, acting on behalf of the managed investment funds: QUERCUS Parasolowy SFIO, QUERCUS Absolutnego Zwrotu FIZ and QUERCUS Absolute Return FIZ, informs about the reduction by the abovementioned Funds jointly of share in the total number of votes in PROCHEM S.A. below 5% of the total number of votes in PROCHEM S.A.
The change in the share held so far took place as a result of transactions on the regulated market on January 4, 2018.

Before change in the shareholding the above Funds held 301,662 shares in PROCHEM S.A., which constituted 7.74% of the company’s share capital. The owned shares gave 301 662 votes at the General Meeting of the Company, which constituted 7.74% of the total number of votes at the General Meeting of the Company.

As at January 4, 2018, the Funds held 193,333 shares in PROCHEM S.A., which constituted 4.96% of the share capital of the company. The owned shares gave 193,331 votes at the General Meeting of the Company, which constituted 4.96% of the total number of votes at the General Meeting of the Company.

There are no subsidiaries of the abovementioned Funds holding PROCHEM S.A. shares, as well as there are no persons referred to in Art. 87 sec. 1 item 3 lit. c 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.