KERNEL HOLDING S.A. - LIST OF SHAREHOLDERS HOLDING AT LEAST 5% OF TOTAL VOTES AT THE ANNUAL GENERAL MEETING HELD ON 11 DECEMBER 2017

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 59 / 2017

Date of issue: 2017-12-11

Short name of the issuer

KERNEL HOLDING S.A.

Subject

LIST OF SHAREHOLDERS HOLDING AT LEAST 5% OF TOTAL VOTES AT THE ANNUAL GENERAL MEETING HELD ON 11 DECEMBER 2017

Official market - legal basis

art. 70.3. of Act on Public Offering.

Unofficial market - legal basis

Contents of the report:

Pursuant to Art. 70.3 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to organized Trading, and Public Companies, Kernel Holding S.A. informs that the shareholders present at the Annual General Meeting of Shareholders held on 11 December 2017 at 15:00 CET at the Company’s registered office, 19 rue de Bitbourg, L-1273 Luxembourg, jointly held 45,822,574 shares out of total of 81,941,230 shares. The following entities named below were the shareholders representing at least 5% of the total votes during the meeting: • PZU FIO Parasolowy Subfundusz PZU Stabilnego Wzrostu Mazurek. The number of votes carried by the shares at the General Meeting: 2,457,929 equal to 5.4% votes present at the meeting and 3.0% of the total vote. • Namsen Limited. The number of votes carried by the shares at the General Meeting: 31,454,795 equal to 68.6% votes present at the meeting and 38.4% of the total vote.

Annexes

File Description

(fullname of the issuer)

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

(post code) (city)

(street) (number)

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2017-12-11 Yuriy Kovalchuk Viktoriia Lukianenko Directors