Current report no. 88/2018 (25.10.2018)

Title:

Notice on decreasing the currently owned share in the total number of votes at the Issuer’s General Meeting

Legal basis:

Art. 70 section 1 of the Act on Public Offering – acquisition or transfer of a significant block of shares

Message:

The Management Board of URSUS S.A. (Issuer) on the basis of the Art. 70 section 1 of the of the Act of Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies dated 29 July 2005 (Journal of Laws of 2016, item 1639, as amended, hereinafter referred to as „the Act”) hereby informs that on the 25th October 2018 the Issuer received from INVEST – MOT sp. z o.o. (KRS no. 0000015858) notice on decreasing by this company together with its subsidiaries the share in the total number of shares and votes at the general meeting of URSUS S.A., as a result of transactions of sales of the Issuer’s shares concluded on the 23 October 2018.

The notice from INVEST-MOT sp. z o.o. dated the 25th October 2018 was the following:

„The company INVEST – MOT sp. z o.o. with the seat in Warsaw, ul. Rajców 10, 00-220 Warsaw, entered into the Register of Entrepreneurs of the National Court Register (KRS) kept by the District Court District Court for the Capital City of Warsaw, XIII Commercial Department of the National Court Register, under KRS number 0000015858, share capital 2.001.000 PLN, NIP: 524-000-50-05, REGON: 002053265 (hereinafter referred to as the Company), according to the art. 69 sec. 1 point 1 of the Act of Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies dated 29 July 2005 (Journal of Laws of 2016, item 1639, as amended, hereinafter referred to as „the Act”), being at the same time the parent company of POL-MOT Holding S.A. with the seat in Warsaw, PROLOGUS sp. z o.o. and indirectly of REO Sp. z o.o. Inwestycje SKA and POL-MOT Auto S.A., hereby informs that on the 23th October 2018, as a result of sales on the regulated market of GPW by the PROLOGUS sp. z o.o. of 28.000 shares of URSUS S.A. (transaction made by subsidiary), INVEST – MOT sp. z o.o. holds 41,73% (26.956.996 shares) of the total shares and votes at the general meeting of URSUS S.A., including the shares held by its subsidiary POL-MOT Holding S.A. (14.866.166 shares) and PROLOGUS sp. z o.o. (852.000 shares) together with REO sp. z o.o. Inwestycje SKA (5.618.830 shares) and POL-MOT Auto S.A. (3.520.000 shares). INVEST – MOT sp. z o.o. individually holds 3,25% shares (2.100.000 shares) and votes at the general meeting of URSUS S.A.

Before the above-mentioned transaction INVEST – MOT sp. z o.o. held individually 2.100.000 shares together with the subsidiary POL-MOT Holding S.A. – 14.866.166 shares and PROLOGUS sp. z o.o. – 880.000 shares and the indirect subsidiaries REO Sp. z o.o. Inwestycje SKA – 5.618.830 shares and POL-MOT Auto S.A. – 3.520.000 shares i.e. held 41,77% shares (26.984.996 shares) and votes at the general meeting of URSUS S.A.

The Company INVEST-MOT sp. z o.o. is the parent company of POL-MOT Holding S.A. and PROLOGUS sp. z o.o. and indirectly (through POL-MOT Holding S.A.) of the company REO sp. z o.o. Inwestycje SKA and POL-MOT Auto S.A. As a consequence of the transactions described above, there was no transfer of control over URSUS S.A., because the dominant (indirectly) shareholder has not changed.”