UOKIK’s approval to concentration – next step in indirect take-over of control of The Issuer

The Management Board of Orzeł Biały S.A. (hereinafter „The Issuer”) hereby announces that on 07.10.2019 it received a letter from the representative of PineBridge New Europe Partners II-A, L.P. (hereinafter “The Seller”) and NEF Battery Holdings S.a.r.l. with its registered office in Luxembourg (hereinafter: “The Shareholder”) informing about the notification on the same day, i.e. on 7.10.2019, to the Seller by ZAP Sznajder Batterien S.A. (hereinafter: “The Buyer”) on the fulfillment of the condition for concluding the final agreement regarding the sale to The Buyer of 100% shares in the share capital of the Shareholder, being in the form of the approval of the President of UOKiK, Polish Office of Competition and Consumer Protection, of October 3, 2019 to carry out the concentration involving indirect takeover by The Buyer of the control of The Issuer.

Attached, The Issuer provides the contents of the letter received with an attachment.

The conclusion of the conditional agreement on the sale of shares of NEF Battery Holdings S.a.r.l. was announced by The issuer in the Current Report No 2/2019.

Legal basis: Art. 17 MAR Para. 1

Time 16:07 hrs.

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