KERNEL HOLDING S.A. - LIST OF SHAREHOLDERS HOLDING AT LEAST 5% OF TOTAL VOTES AT THE ANNUAL GENERAL MEETING HELD ON 12 DECEMBER 2016

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 43 / 2016

Date of issue: 2016-12-12

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 12 DECEMBER 2016

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 12 December 2016 at 15:00 CET at the Company’s registered office, 19 rue de Bitbourg, L-1273 Luxembourg, jointly held 44,510,482 shares out of total of 80,701,230 shares. The following entities named below were the shareholders representing at least 5% of the total votes during the meeting: •Nationale-Nederlanden Otwarty Fundusz Emerytalny. The number of votes carried by the shares at the General Meeting: 4,200,000 equal to 9.4% votes present at the meeting and 5.3% of the total vote. •Namsen Limited. The number of votes carried by the shares at the General Meeting: 31,345,878 equal to 70.4% votes present at the meeting and 39.3% of the total vote.

Annexes

File Description

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-1331 Luksemburg

(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

2016-12-12 Yuriy Kovalchuk, Viktoriia Lukianenko Directors