KERNEL (KER): CHANGE IN A SUBSTANTIAL BLOCK OF SHARES IN KERNEL HOLDING S.A. - raport 44

UNI - EN REPORT No44/2017

Kernel Holding S.A. (herein “the Company”) informs that it received a notification from Nationale-Nederlanden Otwarty Fundusz Emerytalny, hereinafter referred to as the “NN OFE”, regarding the disposal of shares in the Company.

Pursuant to the provision of Art. 69 of the Act of July 29, 2005 on the public offerings and the conditions for introducing financial instruments to an organized trading system and on public companies, on October 18th 2017 NN OFE notified the Company that it had disposed 132,317 shares of the Company in transactions on the Warsaw Stock Exchange, settled on October 12th, 2017 and decreased its holding in the Company’s shares below 5% of the total number of votes on the General Meeting of Shareholders.

As of 12th October 2017, NN OFE holds 4,005,455 shares in the Company representing 4.89% of the share capital and entitling to 4,005,455 votes at the Company’s General Meeting of Shareholder, equal to 4.89% of the total number of votes.

Before the disposal, NN OFE held 4,137,772 shares in the Company, representing 5.05% of the share capital of the Company.