Legal basis Article 56 paragraph 1 item 2 of the Act on the offer – current and periodic information

The Board of Directors of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. (Joint Stock Company) (the “Issuer”, “Company”), with reference to the current report no. 56/2019 of December 6 , 2019, no. 3/2020 of February 24, 2020 and no. 20/2020 of July 22, 2020, hereby informs that on September 23, 2020 the Issuer received the decision issued by the District Court Gdańsk – Północ in Gdańsk, VIII Commercial Division of the National Court Register of September 16, 2020 on the deletion of the entry made on the basis of the decision no. GD VIII NS-Rej KRS 026276/19/323, i.e. the entry of the increase in the Issuer’s share capital through the issuance of series I shares, in the part relating to column 1 of table 8 and 9 of the Register of Entrepreneurs.

Pursuant to the aforesaid decision, the amount of the Issuer’s share capital was reduced by the amount of 424,999.50 PLN, i.e. from 6,163,544.00 PLN to 5,738,544.50 PLN by deleting 849,999 series I ordinary bearer shares of the nominal value of PLN 0.50 each.

Accordingly, the structure of the Issuer’s share capital and the content of § 8 of the Articles of association are also changed and shall read as follows:
„1. The Company’s share capital is PLN 5,738,544.50 (say: five million, seven hundred thirty-eight thousand five hundred forty-four zlotys and fifty groszy)
and is divided into 11,477,089 (in words: eleven million, four hundred and seventy-seven thousand, eighty-nine) ordinary bearer shares with a nominal value of PLN 0.50 (in words: fifty groszy) each.

  1. The share capital is divided into:
    a) 400,000 (in words: four hundred thousand) series A shares;
    b) 4,000,000 (in words: four million) series B shares;
    c) 900.000 (in words: nine hundred thousand) series C shares;
    d) 1,000,000 (in words: one million) series D shares;
    e) 280,000 (in words: one million) series E shares;
    f) 320.000 (in words: three hundred and twenty thousand) series F1 shares;
    g) 497,600 (in words: four hundred and ninety-seven thousand, six hundred) series F2 shares;
    h) 1,182,400 (in words: one million, one hundred eighty-two thousand, four hundred) series F3 shares;
    i) 142,500 (in words: one hundred forty-two thousand, five hundred) series G shares.
    j) 2,754,589 (in words: two million, seven hundred and fifty-four thousand, five hundred and eighty-
    nine) series H shares;
  2. The share capital was fully paid up in cash, excluding series H shares
    acquired in exchange for in-kind contributions.
  3. The Company’s shares may be redeemed on the basis of a resolution of the General Meeting.
  4. The share capital increase may take place through the issue of new shares
    or increase in the nominal value of existing shares.
  5. The Company shares and new issues may only be the bearer shares.
    The option of exchanging these shares for registered shares is excluded.”

The total number of votes resulting from all the shares issued amounts now to 11,477,089 (in words: eleven million four hundred seventy seven thousand and eighty nine).

Legal basis: § 5 item 1 of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information to be provided by issuers of securities and the conditions of acknowledgement of the information required by the laws of a non-member state as equivalent (Journal of Laws of 2018, item 757).

Date Name and Surname Position/Function Signature
2020-09-23 Krzysztof Kosiorek-Sobolewski Chairman of the Management Board
2020-09-23 Marcin Garus Deputy Chairman of the Management Board