ZPC Otmuchow : Current report No. 33/2016

Otmuchow, November 24th 2016

Current report no 33/2016

Subject: Appointment of Chairman of the Board of ZPC Otmuchów SA.

ZPC Otmuchów SA (The Company, the Issuer) announces that on 24th November 2016 Supervisory Board delegated, with effect from the same day, Mr Przemyslaw Danowski on the position of President of the Management Board. According to the decision of the Supervisory Board mandate of Mr Przemyslaw Danowski as a President of the Management Board shall expire simultaneously with the expiry of the mandate of the remaining members of the Management Board.

Information on education, qualifications and employment history along with a description of their careers appointed managers are presented below:

Positions held with career description:

Mr Przemyslaw Danowski has degree of Master of Economy, he graduated School of Economics (Finance and Banking). Mr Przemyslaw Danowski is holding title of CFA.

2015 - now Warsaw Equity Group - Member of Management Board 2011 - 2015 Warsaw Equity Group - Investment Director

2009 - 2011 Warsaw Equity Holding sp. z o.o. - Investment Manager 2006 - 2009 Trigon Group - Analyst

Nowadays, Mr Przemyslaw Danowski is holding indicated positions in Supervisory Boards: 2015 - now Baltchem S.A. - Member of the Supervisory Board

Current report ZPC OTMUCHOW S.A.

2015 - now - Gozamet SA - Member of the Supervisory Board

2012 - now Artifex Mundi Sp. z o.o. - Member of the Supervisory Board 2011 - now Vigo System SA - Member of the Supervisory Board

During last 5 years Mr Przemyslaw Danowski was holding indicated positions in Supervisory Boards:

2015 - November 2016 ZPC Otmuchow SA - member of the Supervisory Board, between Spetember-November 2016 as a Member of the Supervisory Board delegated to hol position of the President of the Management Board of the ZPC Otmuchow SA

2015 - 2016 Zmorph sp. z o.o. - member of the Supervisory Board 2011 - 2102 WEH Inwestycje SA - Member of the Supervisory Board

2012 - 2012 Polski Fundusz Hipoteczny SA - Member of the Supervisory Board 2011 - 2013 Iplex SA - Member of the Supervisory Board

Education and qualifications:

Mr Przemyslaw Danowski has a diploma of a Master of Economy, he is a graduate of Szkola Glowna Handlowa (Finances and banking). He also hold a title of CFA.

According to the submitted declarations Mr Przemyslaw Danowski do not lead activities outside the Issuer which would be competitive, do not participate in the company competitive as a partner in a civil partnership or as a member of a body of a Management of the company, also they do not participate in any other competitive legal entity as a member of its body. Both of members of the Management Board declared also, they have not been entered into the Register of Insolvent Debtors maintained in accordance to the Act on KRS. Detailed legal basis: § 5 sec. 1 point. 21 and 22 of the Regulation of the Minister of Finance dated 19 February 2009 in current and periodic information [...].

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