Information on significant Company activities undertaken as part of the ongoing strategic options review process.

The Management Board of Orzeł Biały S.A. with its registered office at Piekary Śląskie (“The Company”, “The Issuer”), in reference to Current Report No 31/2017 of 05.07.2017 and to Current Report No 34/2017 dated 05.12.2017, herewith notifies  about further important events as part of the ongoing strategic options review process and efforts to the acquire a strategic investor who would be able to provide adequate capital support to the Company for its further development and value increase.

On August 17, 2018, The Issuer received from ING Bank N.V. London Branch, a financial adviser supporting the Company in the process of reviewing strategic options, information about the completion of the non-binding offers collection under the strategic options review.

Non-binding offers received by the Company contain various investment proposals, including the option of buying up to 66% or 100% of the total number of votes in the Company by way of a tender offer.

The Issuer together with its financial advisor ING Bank N.V. London Branch will analyze the non-binding offers received, after which The Issuer will take further standard actions typical for such processes, which may include in particular selecting a short list of investors with whom further discussions regarding investments in the Company will be conducted, enabling selected investors to perform due diligence of The Company, the presentation of the Company’s Management Board to the investors, site visits, and the collection of binding offers regarding investments in the Company.

The Company will keep up to date on further important actions and decisions taken as part of its strategic options review process in accordance with applicable regulations.

Legal basis: Art. 17, Act 1 MAR


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