Nestmedic Spolka Akcyjna

Share Issue/Capital Change • May 15, 2020

Germany, issued on 14th of May 2020 Deutsche Balaton Aktiengesellschaft
Ziegelhäuser Landstrasse 1 Heidelberg, 69120 Germany
NESTMEDIC S.A. ul. Krakowska 141-155 50-428 Wrocław (hereinafter: 'the Shareholder')
Komisja Nadzoru Finansowego 00-549 Warszawa skr. poczt. 419 ul. Piekna 20
Governing the Introduction of Financial Instruments to Organised Trading, and Public Pursuant to the provisions of Article 69 of the Act on Public Offering, Conditions Companies dated on July 29th 2005 Notification
performing the obligation specified in Article 69 of the Act on Public Offering, Conditions Public Public Governing the Introduction of Financial Instruments to Organised Trading, and Companies (Journal of Laws of 2018, item 512, as amended, hereinafter: 'Act on In
registered office in Wrocław, (hereinafter: 'the Company') as a result of the release of series H shares on 31st March 2020, reported by the Company via EBI Report no. 9/2020 dated on Offering') and in connection with the increase of the share capital of Nestmedic S.A. with May 130, 2020, which occurred as a result of exercising by the Shareholder the rights from
500,000 series A subscription warrants and subscription of 500,000 series H shares of the Company by the Shareholder and also as a result of increase in the Company's share capital, acting on behalf of the Shareholder I hereby notify that the share of Shareholder in the share
The date and type of the event that leads to a change in the shareholding to which capital and the total voting rights of the Company has changed. the notification relates: 1)
318 March 2020 500,000 series H shares of the Company, to which the Shareholder A 500,000 series subscription warrants, were released increasing the share capital of the Company. subscribed as a result of exercising by the Shareholder's the rights from On
Company on the registration of the capital increase just happened on the 13th of May 2020. Hence we could not have received the information from a public source earlier and also had purely precautionary measure, we would like to point out that the public notification of the a As

no positive knowledge from other sources about the date of registration of the capital increase before 13th of May 2020.

proportion of the Company's share capital represented by those shares, as well as and the the number of votes attached to those shares and the proportion of the voting rights number of shares held prior to the change in the shareholding The held: 2)

Before the release of 500,000 series H shares of the Company to which the Shareholder subscribed and before the increase of the share capital of the Company both on March 31, 2020, the Shareholder held 500,000 shares of the Company, representing 7.32% of share capital of the Company and entitling to 500,000 votes at the General Meeting of Shareholders of the Company, representing 7.32% of share in the total number of votes. current number of shares held and the proportion of the Company's share capital represented by those shares, as well as the number of votes attached to those shares and the proportion of the voting rights held: The

After the release of 500,000 series H shares of the Company to which the Shareholder 2020, the Shareholder holds 1,000,000 shares of the Company, representing 13.64% of share capital of the Company and entitling to 1,000,000 votes at the General Meeting of Shareholders subscribed and before the increase of the share capital of the Company both on March 31, of the Company, representing 13.64% of share in the total number of votes. Subsidiaries of the Shareholder that makes the notification, which hold the Company's shares: ব

There are no subjects subsidiary to the Shareholder, holding the Company's shares.

5) The persons referred to in Article 87.1 (3) (c);

There are no persons mentioned in Art. 87.1 (3) (c) of Act on Public Offering.

which are not exercised solely by cash settlement, the type and the name of those financial instruments, the date of their expiration, and about the date or time limit The number of votes from shares, calculated pursuant to Article 69b. 2, to whose to in Article 69b.1 (1), as well as financial instruments referred to in Article 69b.1 (2) acquisition they are entitled or obliged as a holder of financial instruments referred within which the acquisition of shares will or may occur: 6)

ਟ

The Shareholder does not hold the financial instruments referred to in Article 69b.1 (1) of A In terms of the financial instruments referred to in Article 69b. 1 (2) of Act on Public Offering: to which acquisition the Shareholder is entitled as a holder of financial instruments referred in terms of 2,357,142 Series A Subscription Warrants, number of votes may in terms of 2,357,142 Series A Subscription Warrants - subscription in terms of 2,357,142 Series A Subscription Warrants - 20st of September terms of 28,571 Series A Bonds - from 20th of September 2019 to 31st of The number of votes from shares, calculated pursuant to Article 69b.3, to which the financial instruments referred to in art. 69b.1 (2) refer directly or indirectly, the type in terms of 2,357,142 Series A Subscription Warrants - 20th of September and the name of these financial instruments, and about the date of their expiration: Series in terms of 28,571 Series A Bonds, number of votes may be 2,857,100, 2 terms of 28,571 Series A Bonds- bonds convertible into shares, । number of votes from shares, calculated pursuant to Article 69b. A Subscription Warrants The time limit within which the acquisition of shares may occur: Series A Bonds - 31st of July 2024; in terms of 28,571 Series A Bonds - Series A Bonds; The date of the expiration of financial instruments: Series The name of the financial instruments: The type of the financial instruments: to 20th of September 2024; 2,357,142 Subscription Warrants: 28,571 be 2.357.142: of in Article 69b. 1 (2) of July 2024; terms warrants: terms Act on Public Offering. 2024: in in in in The to b) d) e) a) C)

Not applicable.

7)

3

The total number of votes as indicated pursuant to subparagraph (3), (6), and (7) and its percentage share in the general number of votes. 8)

capital, the Shareholder may hold 6.214.242 shares of the of share capital and entitling to 2,857,100 Series G Shares of the Company and exercising the right of 2,357, 142 Series A Subscription Company and Bonds into the of Shares after conversion of 28,571 Series A 49.54% votes at the General Meeting of Shareholders of the Company. H entitling to 6.214.242 votes, representing 49.54% Series the result subscribing to 2,357,142 of the notification, respective increase of the share in date and Company, As at the Warrants

The number of votes and shares indicated above constitutes a forecast of Shareholder's share of exercising all the above-mentioned rights. In case of other than aforementioned changes in the Company's share capital, the Shareholder's share in the share capital of the Company and in the votes at the General Meeting of the Shareholders of the Company may event change. in the

SIGNATURES OF PERSONS REPRESENTING THE COMPANY

Alexander Link

Deutsche Balaton AG Board Member

Notification is received by:

• Nestmedic S.A. 1)
• Komisja Nadzoru Finansowego 2)