KERNEL HOLDING S.A. - KERNEL DIVESTED AN INTEREST IN A DEEP WATER GRAIN EXPORT TERMINAL IN TAMAN PORT, RUSSIA

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 7 / 2020

Date of issue: 2020-03-23

Short name of the issuer

KERNEL HOLDING S.A.

Subject

KERNEL DIVESTED AN INTEREST IN A DEEP WATER GRAIN EXPORT TERMINAL IN TAMAN PORT, RUSSIA

Official market - legal basis

art. 56. 1. 2 of Act on Public Offering.

Unofficial market - legal basis

Contents of the report:

Kernel Holding S.A. announces that it divested its 50% stake in Taman Grain Terminal Holdings Limited, a joint venture owing 100% interest in a deep water grain export terminal in Taman port, Russia. The consideration for the sale of shares is EUR 61 million paid in cash. Kernel has not been involved in grain marketing operations in Russia since 2017, assigning its transshipment quota in the Taman terminal to a third party.

Annexes

File Description

Current report 07 2020 eng.pdf

KERNEL HOLDING S.A.

(fullname of the issuer)

KERNEL HOLDING S.A. Spożywczy (spo)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

L-1273 Luxembourg

(post code) (city)

rue de Bitbourg 19

(street) (number)

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature