CPD S.A.

Declaration of Voting Results & Voting Rights Announcements • Mar 23, 2022

London (United Kingdom) 21 March 2022

From:

Ursus Capital Limited

Units 8/9 Parsons Court Welbury Way Aycliffe Business Park Newton Aycliffe Durham DL5 6ZE United Kingdom

Represented by: Colin Kingsnorth – Director

To:

1) Komisja Nadzoru Finansowego

ul. Piekna 20, 00-549 Warsaw, Poland Po Box 419 znaczne.pakiety@knf.gov.pl

2) CPD Spolka Akcyjna

ul. Cybernetyki 7b 02-677 Warszawa info@cpdsa.pl

(the "Company", "CPD SA")

I.

In accordance with Article 69.1. item 2) and Article 69.1. item 2) and Article 69a.1. item 3) of the Act of 29th July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (the "Act on Public Offering"), Ursus Capital Limited a company organized and existing under the laws of the United Kingdom having its registered office at Units 8/9 Parsons Court Welbury Way, Aycliffe Business Park, Newton Aycliffe, Durham, DL5 6ZE, United Kingdom, informs about change in the total number of votes at the General Meeting of the Company as a result of registration by the court of amendments to the Issuer's Articles of Association in connection with the contents of resolutions adopted by the Extraordinary General Meeting of the Company on 18 October 2021 on the basis of the decision of the District Court for the Capital City of Warsaw in Warsaw, 13th Commercial Division of the National Court Register issued on 14 March 2022 (current report number 2/2022 dates 16 March 2022). Specifically, the Company's equity amounts now to zl 896,618.50 (eight hundred ninety six thousand six hundred and eighteen zlotys fifty groszy) and is divided into 8,966,185 (eight million nine hundred sixty six thousand one hundred eighty five) stocks of AA series of nominal value zl 0.10 (ten groszys) each. As a consequence, the share in the total number of votes of the shareholders has changed.

II.

Before registration described above Ursus Capital Limited owned 522,216 shares of CPD SA (1.98% of the share capital of the Company), representing 522,216 votes at the General Meeting of the Company (1.98% of the total number of votes at the General Meeting of the Company).

III.

After registration described above Ursus Capital Limited owns 522,216 shares of CPD SA (5.82% of the share capital of the Company), representing 522,216 votes at the General Meeting of the Company (5.82% of the total number of votes at the General Meeting of the Company).

IV.

There are no subsidiaries of Ursus Capital Limited holding CPD SA shares.

V.

In the case of Ursus Capital Limited there are no persons referred to in Art. 87.1 point 3 letter c of the Act on Public Offering.

VI.

Ursus Capital Limited has no financial instruments indicated in Art. 69.4 items 7)-8) of the Act on Public Offering.

VII.

The total number of votes at the General Meeting of the Company, indicated on the basis of items 3), 7) and 8) of Art 69.4 of the Act of Public Offering and its percentage share in the total number of votes is respectively: 522,216 votes at the General Meeting of the Company, 5.82%.

…………………………………………..

Colin Kingsnorth Director