History of Stock Operations

First Stock Quotation

According to the Resolution No. 44/2008 of the Management Board of the Warsaw Stock Exchange as of June 6, 2008

it was introduced on June 10, 2008 in the ordinary course of exchange stock trading on the parallel market, ordinary bearer shares of ZBM “ZREMB-CHOJNICE” S.A. with a nominal value of PLN 10 each
1. 20,000 A-series shares
2. 200,000 of B-series shares
3. 45,000 C-series shares
4. 50,000 D-series shares
the shares of the Company were quoted in the continuous quotation system under the abbreviated name “ZREMB” and the marking code “ZRE”.

The first stock quotation of the shares of the Company was performed on June 10, 2008. at the rate of PLN 98.00

Split of Shares

According to the Resolution No. 17 of the General Shareholders’ Meeting of ZBM “ZREMB-CHOJNICE” S.A. (JSC) as of June 25, 2008 the shares of the Company were split in a ratio of 1:100, i.e. a reduction in the nominal value of shares from PLN 10 to cents 10 was performed, while the number of shares, without changing the amount of the share capital of the Company, was increased.

On August 22, 2008 the District Court Gdańsk – North in Gdańsk, VIII Commercial Division of the National Court Register has issued a resolution based on which the split of shares of the Company in a ratio of 1:100 was registered.

The share capital is PLN 3.150.000 and it is divided into 31.500.000 ordinary bearer shares with a nominal value of 10 cents each.

The Management Board of the National Depository for Securities with the Resolution No. 563/2008 as of October 3, 2008. decided to determine on the October 15, 2008. as a day to split 315,000 shares with a value of PLN 10 each into 31,500,000 shares with a value of PLN 0.10 each.

At the same time, it stated that on October 15, 2008 the 31.500.000 shares of ZBM “ZREMB-CHOJNICE” S.A. (JSC) with a nominal value of PLN 0.10 each are marked with the code PLZBMZC00019.

Re-split of Shares

According to the Resolution No. 18 of the Annual General Meeting of the Company as of April 17, 2014, the shares of the Company were merged (re-split) in a ratio of 5:1, i.e. the nominal value of the shares was increased from PLN 0.1 (ten cents) to PLN 0.5 (fifty cents), while the total number of shares without changing the amount of share capital was reduced.

On May 8, 2014, the District Court Gdańsk – North in Gdańsk, VIII Commercial Division of the National Court Register has registered a change in the nominal value of the shares of the Issuer in each series. by increasing from PLN 0.1 (ten cents) to PLN 0.5 (fifty cents) with a proportional reduction in the total amount of all shares of the Company from 43.612.500 (forty three million six hundred twelve thousand five hundred) shares to 8.722.500 (in words: eight million seven hundred twenty two thousand five hundred) shares, while the share capital of the Company remained unchanged (re-split of shares). As a result of registration of the change, the share capital of the Company is PLN 4,361,250 (in words: four million three hundred sixty one thousand two hundred and fifty zloty’s) and is divided into 8.722.500 (in words: eight million seven hundred

twenty two thousand five hundred) ordinary bearer shares with a nominal value PLN 0.5 (in words: fifty cents) each.

The Management Board of the National Depository for Securities S.A. (JSC) in Warsaw (hereinafter: “NDS”) with Resolution No. 485/14 as of May 21, 2014. decided to determine the day of June 4, 2014 as the day for exchange of the shares of the Issuer of up to this time registered in NDS 37,700,500 shares marked with the code PLZBMZC00019, each with a nominal value of PLN 0.10, to 7.540.100 shares, each with a nominal value of PLN 0.50.

At the same time, it stated that after the exchange operation on June 4, 2014, the 7.540.100 shares of ZBM “ZREMB-CHOJNICE” S.A. (JSC) with a nominal value of PLN 0.50 each are marked with the code PLZBMZC00019.