KERNEL HOLDING S.A. - ACQUISITION OF A SUBSTANTIAL BLOCK OF SHARES IN KERNEL HOLDING S.A.

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 23 / 2015

Date of issue: 2015-10-13

Short name of the issuer

KERNEL HOLDING S.A.

Subject

ACQUISITION OF A SUBSTANTIAL BLOCK OF SHARES IN KERNEL HOLDING S.A.

Official market - legal basis

Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne

Unofficial market - legal basis

Contents of the report:

Kernel Holding S.A. informs that it has received a notification from Cascade Investment Fund regarding the acquisition of shares in Kernel Holding S.A. Pursuant to the provisions of Art. 69 Section 1 Clause 1 of the Act of July 29, 2005 on public offerings and the conditions for introducing financial instruments to an organized trading system and on public companies, Cascade Investment Fund notified that it had acquired shares in Kernel Holding S.A., as a result of which it had crossed on 13 October 2015 the threshold of 5% of the overall number of votes at the general shareholders’ meeting of the Company. As of 13 October 2015, Cascade Investment Fund holds 3,984,345 shares in the Company, representing 5.0% of the share capital and entitling it to 3,984,345 votes at the Company’s general shareholders’ meeting, equal to 5.0% of the total number of votes.

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

2015-10-13 A.Usachova, Y.Kovalchuk Directors