KERNEL HOLDING S.A. - LIST OF SHAREHOLDERS HOLDING AT LEAST 5% OF TOTAL VOTES AT THE EXTRAORDINARY GENERAL MEETING HELD ON 10 DECEMBER 2015

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 36 / 2015

Date of issue: 2015-12-10

Short name of the issuer

KERNEL HOLDING S.A.

Subject

LIST OF SHAREHOLDERS HOLDING AT LEAST 5% OF TOTAL VOTES AT THE EXTRAORDINARY GENERAL MEETING HELD ON 10 DECEMBER 2015

Official market - legal basis

Art. 70 pkt 3 Ustawy o ofercie - WZA lista powyїej 5 %

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 Organised Trading, and Public Companies, Kernel Holding S.A. informs that the shareholders present at the extraordinary general meeting of shareholders held on 10 December 2015 at 15:00 CET the Company’s registered office, 19 rue de Bitbourg, L-1273 Luxembourg, jointly held 42,657,998 shares out of total of 79,683,410 shares. The following entities named below were the shareholders representing at least 5% of the total votes during the meeting: • NAMSEN LIMITED. The number of votes carried by the shares at the General Meeting: 31,247,152, equal to 73.3% of votes present at the meeting and 39.2% 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

2015-12-10 A.Usachova, Y.Kovalchuk Directors