Notification by Quercus TFI SA about exceeding 10% of the total number of votes in the company PROCHEM S.A.

Date of publication: 28.12.2015

Company PROCHEM S.A. received the notice as below:

As a result of transactions on the regulated market on December 22, 2015 QUERCUS TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. acting on behalf of managed investment funds – QUERCUS Parasolowy SFIO, QUERCUS Absolute Return FIZ and QUERCUS Absolutnego Zwrotu FIZ has increased (jointly by Funds) the share in total number of votes in the company PROCHEM S.A. and exceeded the threshold of 10% of the total number of votes in the company PROCHEM S.A.

Before the change the Funds had a total of 389 463 shares, what constitutes 9.999% of the share capital and 389 463 votes from these shares representing 9.996% of the total number of votes at the General Meeting.

As at the transaction day the Funds held a total of 394 963 shares of the Company, representing 10.14% of the share capital of the Company. These shares gave 394 963 votes at the General Meeting of the Company, representing 10.137% of the total number of votes at the General Meeting.