AB S.A. — Major Shareholding Notification 2020

Mar 1, 2020

[Rīga], [28] February 2020 Artūrs Pumpurs

Blockchain Lab S.A. ul. Emilii Plater 28 00-688 Warszawa

Komisja Nadzoru Finansowego ul. Piękna 20 00-549 Warszawa

Notification

pursuant to the provisions of Article 69 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies dated on July 29th 2005

In performing the obligation specified in Article 69 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (Journal of Laws of 2018, item 512, as amended, hereinafter: 'Act on Public Offering') in connection with registration of the capital increase of Blockchain LAB S.A. with registered office in Warsaw, (hereinafter: 'the Company') on February 26, 2020 by respective court, Artūrs Pumpurs (hereinafter: 'the Shareholder') I hereby notify that as a result of subscription of series H shares by the Shareholder and registration of the capital increase of the Company, the share of Shareholder in the share capital and the total voting rights of the Company has increased.

1) The date and type of the event that leads to a change in the shareholding to which the notification relates:

Registration of the capital increase of the Company on 26th of February 2020 by the District Court for the Capital City of Warsaw in Warsaw in connection with the issue of 1.713.850 series H shares and subscription by the Shareholder of 431.250 series H shares.

2) The number of shares held prior to the change in the shareholding 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:

Before the abovementioned registration of the capital increase of the Company and subscription by the Shareholder of 431.250 series H shares, Shareholder did not held any Company's shares.

3) The 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:

After the abovementioned registration of the capital increase of the Company and subscription by the Shareholder of 431.250 series H shares, Shareholder holds 431,250 shares of the Company representing 5.92% of share capital and entitling to 431,250 votes representing 5.92% votes at the General Meeting of Shareholders of the Company.

4) Subsidiaries of the Shareholder that makes the notification, which hold the Company's shares:

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.

6) The number of votes from shares, calculated pursuant to Article 69b. 2, to whose acquisition they are entitled or obliged as a holder of financial instruments referred to in Article 69b.1 (1), as well as financial instruments referred to in Article 69b.1 (2) 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 within which the acquisition of shares will or may occur:

The Shareholder does not hold the financial instruments referred to in Article 69b.1 (1) and in Article 69b.1 (2) of Act on Public Offering.

7) 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 and the name of these financial instruments, and about the date of their expiration:

Not applicable.

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

Shareholder is entitled to 431.250 votes representing 5.92% votes at the General Meeting of Shareholders of the Company.

SIGNATURE _______________

Notification is received by:

• 1) Blockchain LAB S.A.
• 2) Komisja Nadzoru Finansowego