Shareholder

Shareholding structure as at January 1st 2016 (in accordance with the information provided in the full-year report for 2015)

* Direct subsidiaries of Norica Holding S.à r.l. 

On May 23rd 2016, the parent’s Management Board received a notification from Norica Holding S.à r.l., of Luxembourg (“Norica”), given under Art. 69.1.2 and Art. 87.5.1 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies, dated July 29th 2005 (the “Public Offering Act”).

Following the execution of a share sale agreement by Norica, on May 19th 2016 Norica directly and indirectly (through its subsidiaries) reduced its share in total voting rights at the parent’s General Meeting. As a result, Norica holds (directly and indirectly through its subsidiaries) approximately 19.70% of total voting rights at the parent’s General Meeting.

Transaction details were presented by the parent in Current Report No. 30/2016 of May 24th 2016.

Shareholding structure as at May 23rd 2016

 ^* Direct subsidiaries of Norica Holding S.à r.l.

On June 9th 2016, the parent’s Management Board received a notification from proxies to escrow accounts of Norica’s subsidiaries – Opansa Enterprises Limited and Rainbee Holdings Limited, pursuant to Art. 69.1.1 in conjunction with Art. 87.1.7 of the Public Offering Act.

According to the notification, Opansa Enterprises Limited of Nicosia, Norica’s subsidiary, reduced its share in total voting rights at the parent’s General Meeting from 9.53% to 9.50%. Thus, Norica (directly and indirectly through its subsidiaries) reduced its share in total voting rights at the parent’s general meeting from approximately 19.70% to 19.68% of total voting rights at the parent’s General Meeting.

Full contents of the notification were published by the parent in Current Reports No. 38/2016 and No. 39/2016 of June 9th 2016.

Shareholding structure as at June 9th 2016

^* Direct subsidiaries of Norica Holding S.à r.l.

On June 10th 2016, the parent’s Management Board received a notification from Norica, prepared pursuant to Art. 69.1.2, Art. 69a.3 and Art. 87.5.1 of the Public Offering Act.

According to the notification, following the execution of three intra-group transactions on June 8th, resulting in the disposal, directly and indirectly, of shares in the parent, Norica reduced (directly and indirectly through its subsidiaries) its share in total voting rights at the parent’s General Meeting from 19.68% to approximately 19.47%.

Transaction details were presented by the parent in Current Report No. 40/2016 of June 10th 2016.

Shareholding structure as at June 10th 2016

^* Direct subsidiaries of Norica Holding S.à r.l. 

On June 30th 2017, the parent’s Management Board received a notification from the European Bank for Reconstruction and Development of London, UK (“EBRD”), prepared pursuant to Art. 69.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, dated July 29th 2005 (consolidated text: Dz. U. of 2016, item 1639, as amended) (the “Act”). According to the notification, as a result of block trades involving 2,850,000 shares held by EBRD in the Company, executed on June 28th 2017 as part of an accelerated book building process (the “Transaction”), EBRD’s equity interest in the Company decreased from 5,700,000 to 2,850,000 shares. As a result of the Transaction, EBRD’s holding in the Company’s share capital and votes at its General Meeting fell from 5.75% to 2.87%. Transaction details were presented by the parent in Current Report No. 25/2017 of June 30th 2017.

Shareholding structure as at June 28th 2017

In the period from June 28th 2017 to the date July 19th, the parent was not officially notified of any changes in the large holdings of its shares.