Change in stake in the total number of votes in CCC S.A.

(current report no 37/2020)

14.05.2020 /Issuer/

Legal basis:

Article 70 item 1) of the Act on Public Offering, Condition Governing the Introduction of Financial Instruments to an Organized System of Trading, and Public Companies (the “Public Offering Act”) - disposal/acquisition of a significant block of shares

The Management Board of CCC S.A. with its registered office in Polkowice (the “Company”) hereby informs that on 14 May 2020 it received notices of change in the total number of votes from the following entities: ULTRO S.à r.l. with its registered office in Luxembourg (“ULTRO”, a subsidiary of Dariusz Miłek – the President of the Supervisory Board), ULTRO Holding SCSp with its registered office in Luxembourg (“ULTRO Holding”, a subsidiary of Dariusz Miłek) and Dariusz Miłek.

In accordance with the notices received:

1/ ULTRO notified the Company that on 14 May 2020 (in relation to the settlement on this day of the disposal in block transactions concluded on Giełda Papierów Wartościowych S.A. on 7 May 2020) it disposed 2,062,535 ordinary bearer shares in the Company constituting 5.01% of the share capital and giving the right to 2,062,535 votes at the General Meeting of the Company, representing 4.31% of the total number of votes in the Company (the “Disposal”). As a result of the Disposal, ULTRO decreased the existing share in the total number of votes in the Company by 4.31% of the total number of votes in the Company.

Prior to the Disposal, ULTRO held directly 12,290,000 shares in the Company constituting in total 29.85% of the share capital and giving the right to 18,790,000 votes at the General Meeting of the Company, representing 39.29% of the total number of votes in the Company, of which:

(a)      6,500,000 registered shares preferred in terms of votes (each such share carrying the right to two votes at the General Meeting of the Company), constituting in total 15.79% of the share capital and giving the right to 13,000,000 votes at the General Meeting of the Company, representing 27.19% of the total number of votes in the Company;

(b)      5,790,000 ordinary bearer shares, constituting in total 14.06% of the share capital and giving the right to 5,790,000 votes at the General Meeting of the Company, representing 12.10% of the total number of votes in the Company.

As a result of the Disposal, ULTRO holds directly 10,227,465 shares in the Company constituting in total 24.84 % of the share capital and giving the right to 16,727,465 votes at the General Meeting of the Company, representing 34.98 % of the total number of votes in the Company, of which:

(a)      6,500,000 registered shares preferred in terms of votes (each such share carrying the right to two votes at the General Meeting of the Company), constituting in total 15.79% of the share capital and giving the right to 13,000,000 votes at the General Meeting of the Company, representing 27.19% of the total number of votes in the Company;

(b)      3,727,465 ordinary bearer shares, constituting in total 9.05% of the share capital and giving the right to 3,727,465 votes at the General Meeting of the Company, representing 7.79% of the total number of votes in the Company.

2/ ULTRO Holding (a subsidiary of Dariusz Miłek) notified the Company that on 14 May 2020, as a result of the Disposal, ULTRO Holding, through ULTRO, decreased the existing indirect share in the total number of votes in the Company by 4.31% of the total number of votes in the Company.

ULTRO Holding did not hold directly any shares in the Company prior to the Disposal.

Prior to the Disposal, ULTRO Holding held indirectly through ULTRO, its subsidiary, 12,290,000 shares in the Company constituting in total 29.85% of the share capital and giving the right to 18,790,000 votes at the General Meeting of the Company, representing 39.29% of the total number of votes in the Company, of which:

(a)   6,500,000 registered shares preferred in terms of votes (each such share carrying the right to two votes at the General Meeting of the Company), constituting in total 15.79% of the share capital and giving the right to 13,000,000 votes at the General Meeting of the Company, representing 27.19% of the total number of votes in the Company;

(b)   5,790,000 ordinary bearer shares, constituting in total 14.06% of the share capital and giving the right to 5,790,000 votes at the General Meeting of the Company, representing 12.10% of the total number of votes in the Company.

ULTRO Holding does not hold directly any shares in the Company after the Disposal.

As a result of the Disposal, ULTRO Holding holds indirectly through ULTRO, its subsidiary, 10,227,465 shares in the Company constituting in total 24.84% of the share capital and giving the right to 16,727,465 votes at the General Meeting of the Company, representing 34.98% of the total number of votes in the Company, of which:

(a)      6,500,000 registered shares preferred in terms of votes (each such share carrying the right to two votes at the General Meeting of the Company), constituting in total 15.79% of the share capital and giving the right to 13,000,000 votes at the General Meeting of the Company, representing 27.19% of the total number of votes in the Company;

(b)      3,727,465 ordinary bearer shares, constituting in total 9.05% of the share capital and giving the right to 3,727,465 votes at the General Meeting of the Company, representing 7.79% of the total number of votes in the Company.

3/ Dariusz Miłek notified the Company that on 14 May 2020, as a result of the Disposal, Dariusz Miłek, through ULTRO Holding, his subsidiary that is a parent entity of ULTRO, decreased the existing share in the total number of votes in the Company by 4.31% of the total number of votes in the Company.

Dariusz Miłek did not hold directly any shares in the Company prior to the Disposal.

Prior to the Disposal, Dariusz Miłek held indirectly through ULTRO Holding, his subsidiary, and ULTRO, a subsidiary of ULTRO Holding, 12,290,000 shares in the Company constituting in total 29.85% of the share capital and giving the right to 18,790,000 votes at the General Meeting of the Company, representing 39.29% of the total number of votes in the Company, of which:

(a)      6,500,000 registered shares preferred in terms of votes (each such share carrying the right to two votes at the General Meeting of the Company), constituting in total 15.79% of the share capital and giving the right to 13,000,000 votes at the General Meeting of the Company, representing 27.19% of the total number of votes in the Company;

(b)   5,790,000 ordinary bearer shares, constituting in total 14.06% of the share capital and giving the right to 5,790,000 votes at the General Meeting of the Company, representing 12.10% of the total number of votes in the Company.

Dariusz Miłek does not hold directly any shares in the Company after the Disposal.

As a result of the Disposal, Dariusz Miłek holds indirectly through ULTRO Holding, his subsidiary, and ULTRO, a subsidiary of ULTRO Holding, 10,227,465 shares in the Company constituting in total 24.84% of the share capital and giving the right to 16,727,465 votes at the General Meeting of the Company, representing 34.98% of the total number of votes in the Company, of which:

(a)      6,500,000 registered shares preferred in terms of votes (each such share carrying the right to two votes at the General Meeting of the Company), constituting in total 15.79% of the share capital and giving the right to 13,000,000 votes at the General Meeting of the Company, representing 27.19% of the total number of votes in the Company;

(b)        3,727,465 ordinary bearer shares, constituting in total 9.05% of the share capital and giving the right to 3,727,465 votes at the General Meeting of the Company, representing 7.79% of the total number of votes in the Company.