Werth Holz Spolka Akcyjna

Major Shareholding Notification • Feb 21, 2022

January 31, 2022

Notifying party:

Maciej Grabski

(the "Notifying Party")

Komisja Nadzoru Finansowego (Polish Financial Supervision Authority) ul. Piękna 20 The Stripping 00-549 Warsaw Poland Colon & Call A

A Dear Paris P ...

Werth Holz S.A. Singo P ul. Jasna 14/16A -------------------------------------------------------------------------------------------------------------------------------------------------------------00-041 Warszawa, Poland (the "Company")

CLOUIS COLLEGION SECTION

NOTIFICATION

111 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11

Pursuant to Article 69a Section 1 Item 3 in conjunction with Article 69 Section 1 Item 1 of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to the Organized Trading System and Public Companies of 29 July 2005 (the "Public Offering Act"), the Notifying Party hereby gives notice of the indirect acquisition of 16,413,446 (sixteen million four hundred and thirten thousand four hundred and forty-six) shares in the Company (the "Shares").

The indirect acquisition of Shares results from the obtaining by the indirect subsidiary of the Notifying Party (held through Asterios Sarl with its registered office in Luxembourg (" Asterios") and Broadwalk Services Limited with its registered office in Nicosia, Cyprus ("Broadwalk")) Tonsa SCA, SICA V Sovereign Capital with its recein Luxembourg ("Tons"") of a controlling subject status in a company of 16 413 446 (sixters willion in Warsaw ("Sovereign Capital"), which is the sole owner of 16,413,446 (sixteen million four hundred and thirteen thousand four hundred and forty-six) shares in the Company constituting 19.27% of the shares in the shares and rout himber and form and 16,413,446 (sixteen million four hundred and thirteen thousand four hundred and forty-six) yotes at the general meeting of the Company, constituting 19.27% of the votes at the general meeting of shareholders of the Company the Shares (the "Acquisitions"). The Acquisition occurred mecurred on 26 January 2022 as a result of the completion of an agreement for the Auquisition Gecured on 26 shares in Sovereign Capital concluded on 25 January 2022 between Tonsa and Opoka II Fundusz Inwestycyjny Zamknięty with its registered office in Warsaw.

Prior to the Acquisition, the Notifying Party did not hold, directly, any shares in the Company. Experient for

Upon the Acquisition and as at the date of this notification, the Notifying Party (i) does not directly hold any shares in the Company and (ii) indirectly holds (through its direct subsidiary Asterios, Broadwalk, Tonsa and Sovereign Capital) 16,413,446 (sixteen million four hundred and thirteen thousand four hundred and forty-six) shares in the Company consituting 19.27% of the shares in the shares in the share capital of buoded and forty six) voles of 6,413,445 (sixteen million four hundred and thirteen thousand four hundred and forty-six) voles at the general meeting of the Company constituting 19.27% of the votes at the general meeting of shareholders of the Company.

Furthermore, the Notifying Party hereby gives notice that:

• a) The Notifying Party does not have any subsidiaries other than Sovereign Capital holding any shares
• of the Company;
  b) The Notifying Party is not a party to any agreement on the transfer of rights to execuse the voting The Notifying Party is not a party to any agreement on the transity of Article 87 Section 1 Item 3 Letter c)
  rights vested in the Company's shares, within the meaning of Arti
• of the Public Offering Ast;
  c) The Notifying Party does not hold any financial instruments and is not authorized in Article 69 Section 4 Item The Notifying Party does not hold any Inancial instruments and 19 10. 1970. Inc. 4 Item a 7 of the Public Offering Act;
• 7 of the Public Offering Act:
  The Notifying Party docs not hold any financial instruments directly or indirectly related to shares
  d) The Notifying Party dock in Ariscle 60 S The Notifying Party does not not noid any Imancial instruments of the Public Offering Act.
  in the Company referred to in Article 69 Section 4 Item 8 of the Public Offering Ac

in the fact that the Notifying Party does not hold any financial instruments referred to in Article Due to the fact that the Notifying Party does not hold any the total number of votes in the Company, as
69b Section 1 Items 1 and 2 of the Public Offering Act, the Tompany, e 69b Section 1 Items 1 and 2 of the Public Offering Act, the Total names of votes in in Article 69
well as the total percentage share in the total number of votes in the Compa well as the total percentage share in the tolal number of votes in the volusive of votes.
Section 4 Item 9 of the Public Offering Act, correspond to the previously indicated Section 4 Item 9 of the Public Offering Act, correspond to the previously indicated
attached to the shares of the Company held by the Notifying Party and the previously indic attached to the shares of the Company held by wotes in the Company.

[signature page follows]

Strona podpisowa p. Macieja Grabskiego

On behalf of the Notifying Party:

Podpis jest prawidłowy Dokument podpisany przez
Ryszard KIN 2020
Data: 2022.0 Na 14:26:10 CET

Signature: Name and surname: Position:

Ryszard Klimczyk

Proxy

Podpis jest prawidowy
Datania podrijska postalowy
Nizwaliza ar Nicia Baras
Bartosz Napolski

Proxy

WAW 3152181v5

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