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: 26.03.2018

The Management Board of PROCHEM S.A. (hereinafter “Issuer”, “Company”) informs that on March 23, 2018 received from the shareholder of the company, Mr. Steven Tappan, a notification on change of the previously owned share by at least 2% of the total number of votes at the General Meeting of the Issuer and a reduction of share below 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 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 950,260 shares of PROCHEM S.A., which constituted 24.40% of the share capital and entitled to 950 260 votes, constituting 24.39% 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 698 656 shares of PROCHEM S.A., which constitute 17.94% of the share capital and entitle to 698 656 votes, constituting 17.93% 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 decreased and reached less than 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.