KERNEL HOLDING S.A. - RIGHT TO PARTICIPATE IN THE GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON 15 JUNE 2011 AT 5 P.M. AT THE REGISTERED OFFICE OF THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 28 / 2011

Date of issue: 2011-06-10

Short name of the issuer

KERNEL HOLDING S.A.

Subject

RIGHT TO PARTICIPATE IN THE GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON 15 JUNE 2011 AT 5 P.M. AT THE REGISTERED OFFICE OF THE COMPANY

Official market - legal basis

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

Unofficial market - legal basis

Contents of the report:

As indicated in the convening notice published on 16 May 2011 on the website of the Luxembourg Stock Exchange, any shareholder of Kernel Holding S.A. who holds one or more shares of the Company on 13 June 2011 (the "Record Date") shall be admitted to the general meeting of shareholders. Shareholders (whose shares are held through the operator of a securities settlement system or with a professional depository or sub-depository designated by such depository) should receive from such operator or depository or sub-depository a certificate certifying the number of shares recorded in their account on the Record Date. For the avoidance of doubt, the free transferability of the shares shall remain unaffected by the general meeting convening and holding procedures.

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)

boulevard Grande-Duchesse Charlotte 65 65

(street) (number)

(phone number) (fax)

(e-mail) (web site)

111 111

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2011-06-10 A.Usacheva, P.Conrad Directors