Notification from Mr. Steven Tappan about the change in the share held in the total number of votes in PROCHEM S.A.

Date of publication: 25.06.2018

The Management Board of PROCHEM S.A. (hereinafter “Issuer”, “Company”) informs that on June 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 an increase in share above 20% of the number of votes at the Issuer’s General Meeting.

Change in the share of at least 2% of the total number of votes at the Issuer’s General Meeting occurred as a result of the sale on March 21, 2018 of 251 604 shares entitling to 251 604 votes, representing 6.46% of the total number of votes at the General Meeting of the Company;

Before the change, Mr. Steven Tappan held a total of 723 774 shares of PROCHEM S.A., which constituted 18.58% of the share capital and entitled to 723 774 votes, constituting 18.58% 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 900 000 shares of PROCHEM S.A., which constitute 23.11% of the share capital and entitle to 900 000 votes, constituting 23.10% of total number of votes at the Company’s General Meeting.

At the same time, as a result of the above sale transaction, the share of Mr. Steven Tappan in the total number of votes in the Company has exceeded 20%.

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.