Korporacja Gosporadcza Effekt S.A.

Major Shareholding Notification • May 12, 2020

Information pursuant to art. 69 clause 1 point 2 ofthe Act on Public Offering.

Korporacja Gospodarcza 'Efekt' S.A. with itsregistered office in Kraków (hereinafter: the Company, the Issuer)hereby announces , pursuant to Article 70 point 1 of the Act on publicoffering and conditions for introducing financial instruments toorganized trading, and on public companies, that on May 11, 2020 itreceived from the shareholder of Rejonowej Spółdzielni Zaopatrzenia iZbytu Krzeszowice in Krzeszowice a notification, forwarded pursuant toArticle 69 para.1 point 2, on reducing the notifier'sinvolvement below 5% in the total number of votes in the Company.

The content of the notification received was attached.

Legal basis:Art. 69clause 1 item 2 of the Act of 29 July 2015 on public offerings andconditions governing the introduction of financial instruments tooranized trading, and on public companies (i.e., Journal of Laws of2016, item 1639, as amended).