Pekaes : Information regarding the conclusion of an Investment Agreement and a Conditional Preliminary Sales Agreement between Kulczyk Holding S.A. with its registered office in Warsaw and STRADA Holding s.a.r.l. – a subsidiary of Innova Capital sp. z o.o. with its registered office in Warsaw

Current Report no. 13/2015 Title:

Information regarding the conclusion of an Investment Agreement and a Conditional
Preliminary Sales Agreement between Kulczyk Holding S.A. with its registered office in Warsaw and STRADA Holding s.a.r.l. - a subsidiary of Innova Capital sp. z o.o. with its registered office in Warsaw

Legal basis:

Article 56.1.1 of the Act on offerings - confidential information

Content of the report:

The Management Board of PEKAES SA, acting pursuant to Article 56.1.1 of the act dated 29
July 2005 on public offerings and the conditions for the introduction of financial instruments to an organised trading system and on public companies, herewith announces that on 21 July
2015, PEKAES SA obtained the following information from Kulczyk Investments S.A. with its
registered office in Luxembourg:
"Kulczyk Investments S.A. (hereinafter "KI") announces that on 21 July 2015 a subsidiary of
KI i.e. Kulczyk Holding S.A. with its registered office in Warsaw, ul. Krucza 24/26 (00-526
Warsaw), entered into the register of businesses maintained by the District Court for the
Capital City of Warsaw, XII Commercial Division of the National Court Register under number
0000147322, with NIP [Taxpayer Identification Number]: 7780045529, REGON [Polish National Business Registry Number]: 630183978, with a share capital of PLN 62,558,200.00 (paid up in full), (hereinafter: "KH") and STRADA Holding s.a.r.l. - a subsidiary of Innova Capital sp. z o.o. with its registered office in Warsaw (hereinafter "Investor") concluded an Investment Agreement and conditional Preliminary Sales Agreement (hereinafter "Agreement").
The subject of the Agreement is: (i) the obligation of KH to sell and the obligation of the Investor to purchase 100% of the shares in KH Logistyka Sp. z o.o. with its registered office in Warsaw (ii) the obligation of the Investor to join KH Logistyka Sp. z o.o. Sp. k. with its registered office in Warsaw (hereinafter: "KHLK") as a limited partner, (iii) the obligation of KH as a limited partner to exit KHLK, (iv) the obligation of KI to sell and the obligation of the Investor to purchase 100 % of the shares in the share capital of PEK Holdings S.a.r.l. with its registered office at 15 rue Edward Steichen, L-2540 Luxembourg, and (v) the obligation of the Investor to purchase from KI all of the rights and obligations of the limited partner PEK II SCSp with its registered office at 15 rue Edward Steichen, L-2540 Luxembourg (hereinafter: "PEK II").
KHLK directly holds 17,308,547 shares of PEKAES Spółka Akcyjna with its registered office in Błonie at ul. Spedycyjna 1 (05-870 Błonie) entered into the register of businesses maintained by the District Court for the Capital City of Warsaw in Warsaw, XIV Commercial Division of the National Court Register under number 22906 (hereinafter: "PEKAES"), which constitute 56.71 % of the share capital of PEKAES and entitle it to 56.71 % of the total number of votes at the general meeting of PEKAES.
PEK II directly holds 1,923,606 shares of PEKAES which constitute 6.30 % of the share capital of PEKAES and entitle it to 6.30 % of the total number of votes at the general meeting of PEKAES.
KHLK and PEK II together hold a total of 63.01 % of the shares of PEKAES.
The conclusion of the final agreement was made conditional upon the fulfilment of the conditions precedent specified in the Agreement, among others, obtaining a concentration
approval granted by the President of the Office of Competition and Consumer Protection. The conclusion of the final agreement will take place after the fulfilment of the last of the conditions, no later however than 3 months from the date of the conclusion of the Agreement."
The Management Board of PEKAES SA
22 July 2015