Werth Holz Spolka Akcyjna

Major Shareholding Notification • Feb 21, 2022

January 31, 2022

Notifying party:

Broadwalk Services Limited Alphamega-Akropolis Building Floor 3, Flat 401, Nicosia, Cyprus (the "Notifying Party")

Komisja Nadzoru Finansowego (Polish Financial Supervision Authority) ul. Piekna 20 00-549 Warsaw, Poland

Werth Holz S.A.

ul. Jasna 14/16A 00-041 Warszawa, Poland (the "Company")

NOTIFICATION

Pursuant to Article 69a Section 1 Item 3 in conjunction with Article 69 Section 1 Item 1 of the Pursuant to Article 69a Section 1 Tien 3 in Comments of Financial Instruments to
Act on Public Offering and Conditions Coverning the of 20, July 2005 (the "Public Offering Act on Public Offering and Conditions Governments of 29 July 2005 (the "Public Offering the Organized Trading System and Public Couldined and forty, six) shares in the Company Act"), the Notitying Party hereby gives notice of the mail on Learn in the Company (the "Shares").

The indirect acquisition of Shares results from the obtaining by the direct subsidiary of the Notifying Party, Tonsa SCA, SICAV RAIF with its registered office in Luxembourg ("Tonsa").
Notifying Party, Tonsa SCA, SICAV RAIF with its registered office in Luxembourg ("T Notifying Party, Tonsa SCA, SICA V RAIr Will its registered of 16,413 446 (sixteen million four Warsaw ("Sovereign Capital"), which is the sole over of 16,413,446 (sixteen million four Warsaw ("Sovereign Capital"), Which is the some on the Company constituting hundred and thirteen thousand four hunction in the Company, corresponding to 16,413,446 (sixteen 19.27% of the shares in the share capital of the Collipany six) votes at the general meeting of shareholders of the Company, constituting 19.27% of the votes at the general meeting of shareholders of the Company the Shares (the "Acquisition"). The Acquisition. occurred on 26 January 2022 as a result of the connection of an agreement for the sale and occurred on 26 January 2022 as a Tesuit of the concluded on 25 January 2022 between purchase of 65.57% of the shares in Sovereign Capital outh its registered office in Warsaw.

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

Upon the Acquisition and as at the date of this notification, the Notifying Party (i) does not Sovereign directly hold any shares in the Company and (i) indirectly holds (through Tonsa and Sovereign directly hold any shares in the Company and (1) find collected four hundred and forty-Capital) 16,413,446 (sixteen million 19.27% of the shares in the shares in the share capital of the six) shares in the Company constituting 19.2778 or tuesday of the Company, Company, corresponding to 10,413,440 (sixteen ministing of sharebolders of the Company, four hundred and forty-six) 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;

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• b) The Notifying Party is not a party to any agreement on the transfer of rights to exercise the voting rights vested in the Company's shares, within the meaning of Article 87 Section 1 Item 3 Letter c) of the Public Offering Act;
• c) The Notifying Party does not hold any financial instruments and is not authorized or obliged to acquire shares in the Company on the terms and conditions stipulated in Article 69 Section 4 Item 7 of the Public Offering Act;
• d) The Notifying Party does not hold any financial instruments directly or indirectly related to shares in the Company referred to in Article 69 Section 4 Item 8 of the Public Offering Act.

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

/signatory page to follow/

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Signature page of Broadwalk Services Limited

On behalf of the Notifying Party:

Signature: Name and surname: Position:

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Data: 2022.01.31 14:25:38 CET Ryszard Klimczyk

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