Legal basis: Art. 70.1 of the Act on Public Offering – purchase or sale of a significant share package

The Board of Directors of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. (Joint Stock Company) (the “Issuer”, “Company”) informs that on November 17, 2020, the Company has received a notification prepared pursuant to the Art. 69 paragraph 1 item 1) of the Act of July 29, 2005 on public offering and the conditions for introducing financial instruments to an organized trading system and on public companies (Journal of Laws 2018, item 512) on increase of the share capital in the total number of votes at the General Meeting by a shareholder of the Company, Mr. Marcin Garus, on the basis of the received notice drawn up on November 17, 2020, with the following content:

“I, the undersigned Marcin Garus, acting on my own behalf pursuant to the Art. 69 paragraph 1 item 1) of the Act on Public Offering and the conditions for introducing financial instruments to an organized trading system and on public companies (the “Act”), hereby inform about an increase of the share capital held by me so far in the total number of votes at the General Meeting of the ZBM “ZREMB-CHOJNICE” S.A. (Joint Stock Company) (the “ZREMB”, the “Company”) to above the threshold of 10%.


The increase of the share capital held by me so far with 5.07% in the total number of votes at the General Meeting of the Company took place as a result of registration of the increase of the share capital as a result of issuing series I shares and registration of changes in the Articles of association of the ZREMB, resulting from the decision of the District Court Gdańsk – Północ in Gdańsk, VIII Commercial Division of the National Court Register as of October 20, 2020, about which I was informed on November 16, 2020 (the “Transaction”).


Prior to the Transaction, I owned 580,632 shares of the Company entitling to 580,632 votes at the General Meeting of ZREMB, which constituted 5.06% of the share capital of the Company and 5.06% of the total number of votes at the General Meeting of ZREMB.


As a result of the Transaction, I currently own 1,275,773 shares of the Company, entitling to 1,275,773 votes at the General Meeting of ZREMB, which constitutes 10.13% of the share capital of the Company and 10.13% of the total number of votes at the General Meeting of ZREMB.


At the same time, I hereby inform that other subsidiaries do not hold shares in the Company, and I have not concluded any agreements or contracts the subject of which would be the transfer of rights to exercise voting rights at the General Meeting of the Company, and that I am not entitled to any additional voting rights under the shares pursuant to Art. 69 paragraph 4 item 7 and 8 of the Act on Offering.”

SIGNATURES OF PERSONS ACTING ON BEHALF OF THE COMPANY
Date Name and Surname Position/Function Signature
2020-11-17 Krzysztof Kosiorek-Sobolewski Chairman of the Management Board
2020-11-17 Marcin Garus Deputy Chairman of the Management Board