Legal basis: Art. 70 pt. 1 of the Act on Offering – acquisition or disposal of a significant block of shares

The Management Board of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. (“Issuer”, “Company”) informs that on November 18, 2020, the Company received a notice prepared under Article 69(1)(1) of the Act of July 29, 2005, on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies (Journal of Laws 2018, item 512) about an increase in the share in the total number of votes at the General Meeting by the Company’s shareholder, Mr. Krzysztof Kosiorek -Sobolewski, with the following content:

“I, the undersigned Krzysztof Kosiorek-Sobolewski, acting on my behalf on the basis of Article 69 (1) (1) of the Act on Public Offering and the Conditions for Introducing Financial Instruments to the Organized Trading System and on Public Companies (the ‘Act’), in form of the increase of the previously held share in the total number of votes at the General Meeting of ZBM ‘ZREMB-CHOJNICE’ S.A. (“ZREMB”, “Company”) above the 20% threshold

The increase of the shareholding previously held above the 20% threshold in the total number of votes at the General Meeting of the Company took place as a result of the acquisition of shares in the Company and the registration of an increase in the share capital as a result of the issuance of series I shares, followed by the registration of amendments to the Articles of Association of ZREMB, resulting from the decision of the District Court Gdańsk-North in Gdańsk, VIII Economic Division of the National Court Register dated October 20, 2020, of which I became aware on November 16, 2020 (the “Transactions”).

Before the Transactions, I held 2,250,361 shares in the Company, entitling me to cast 2,250,361 votes at the General Meeting of ZREMB, which represented 19.61% of the Company’s share capital and 19.61% of the total number of votes at the General Meeting of ZREMB.

As a result of the Transaction, I now hold 2,855,943 shares in the Company, entitling me to cast 22.67% of votes at the General Meeting of ZREMB, representing 2,855,943 of the Company’s share capital and 22.67% of the total number of votes at the General Meeting of ZREMB.

At the same time, I would like to inform you that other entities dependent on me do not hold any shares in the Company, nor have I entered into any agreements or contracts the subject of which would be the transfer of powers to exercise voting rights at the Company’s General Meeting, and that I am not entitled to additional voting rights from shares by Article 69 Section 4 items 7 and 8 of the Public Offering Act.”

SIGNATURES OF COMPANY REPRESENTATIVES

Date Name Position/Function Signature
2020-11-18 Krzysztof Kosiorek-Sobolewski President of the Management Board
2020-11-18 Marcin Garus Vice President of the Management Board