Ovostar Union PLC

Declaration of Voting Results & Voting Rights Announcements • Apr 22, 2024

22 April 2024

Publication of notifiable information on the acquisition or disposal of voting rights

In accordance with the provisions of section 19 of the Law providing for Transparency Requirements in relation to information about Issuers whose Securities are admitted to Trading on a Regulated Market, OVOSTAR UNION PUBLIC COMPANY LIMTED (the "Company"), the shares of which are listed on the Warsaw Stock Exchange, informs shareholders and investors in general of the following:

On 22 April 2024, the Company received the attached notification of major holding (Form 190-01-01) from the group Prime One Capital Limited, Resolution Group Reinsurance (Barbados) Limited, Wentworth Insurance Company Limited, Colonnade Insurance S.A., Zenith Insurance Company, Polskie Towarzystwo Reasekuracji Spółka Akcyjna and Odyssey Reinsurance Company, as persons acting in concert.

NOTIFICATION FORM FOR MAJOR HOLDING

(Sections 28, 30, 31 και 31A of the Law)

NOTIFICATION OF MAJOR HOLDING

(to be sent to the relevant issuer and to the Cyprus Securities and Exchange Commission) i

		1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
	Exchange)	OVOSTAR UNION PUBLIC COMPANY LIMITED, registration number ΗΕ 391687 (listed on Warsaw Stock
	2. Reason for the notification (please tick the appropriate box or boxes):
	[ ] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights iii: [x] Other (please specify) Acting in concert
	3. Details of person subject to the notification obligationiv:
1.	Full name:	Prime One Capital Limited, HE 278593
	City and country of registered office (if applicable)	Nicosia, Cyprus
2.	Full name: City and country of registered office (if applicable)	Resolution Group Reinsurance (Barbados) Limited - Fairfax Financial Holdings Limited
		Barbados
3.	Full name: City and country of registered office (if applicable)	Wentworth Insurance Company Limited - Fairfax Financial Holdings Limited Barbados
4.	Full name: City and country of registered office (if applicable)	Colonnade Insurance S.A. – Fairfax Financial Holdings Limited Luxembourg
5.	Full name: City and	Zenith Insurance Company – Fairfax Financial Holdings Limited

Par. 4 Directive DI190-2007-01 of 2017 (R.A.D. 222/2017) FORM 190-01-01

	country of registered office (if applicable) California, USA
6.	Full name:		Polskie Towarzystwo Reasekuracji Spółka Akcyjna – Fairfax Financial Holdings Limited
	City and applicable)	country of registered office (if	Warsaw, Poland
7.	Full name: City and		Odyssey Reinsurance Company – Fairfax Financial Holdings Limited
	country of registered office (if applicable) Connecticut, USA
v 4. Full name of shareholder(s) (if different from the person in point 3) :
		5. Date on which the threshold was crossed or reachedvi:
19 April 2024
6. Threshold which was crossed or reached: 75%
			7. Total positions of person(s) subject to the notification obligation:
		% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B.1 + 8.B.2)	Total % (8.A+8.B.1 +8.Β.2)	Total number of voting rights of issuervii
reached	Resulting situation on the date on which threshold was crossed or	95.45%	-	95.45%	5,726,934
	Position of previous notification (if applicable)	n/a	n/a	n/a

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of	Number of voting rightsix		% of voting rights
shares	Direct	Indirect	Direct	Indirect
(provide ISIN code	(section 28	(section 30	(section 28	(section 30
if possible)	of the Law)	of the Law)	of the Law)	of the Law)
NL0009805613	5,726,934	-	95.45%	-

SUBTOTAL A:	5,726,934		95.45%
(Direct and Indirect)

B.1: Financial Instruments according to section 31(1)(a) of the Law
Type of financial instrument	Expiration datex		Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights
-	-	-	-	-
		SUBTOTAL B.1	-	-

B.2: Financial Instruments with similar economic effect according to section 31(1)(b) of the Law
Type of financial instrument	Expiration datexii	Exercise/ Conversion Periodxiii	Physical or cash settlementxiv	Number of voting rights	% of voting rights
-	-	-	-	-	-
			SUBTOTAL B.2	-	-

9. Information in relation to the person subject to the notification obligation (please tick the applicable box):

• [ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the issuer or the underlying issuerxv .
• [ x ] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxvi:

Par. 4 Directive DI190-2007-01 of 2017 (R.A.D. 222/2017)			FORM 190-01-01
Namexvii	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Vitalii Veresenko
Borys Bielikov
Prime One Capital Limited	65.93%		65.93%
Fairfax Financial Holdings Limited
Fairfax Luxembourg Holdings S.à r.l
Colonnade Insurance S.A.	7.11%		7.11%
Fairfax Financial Holdings Limited Zenith National Insurance Corp.
Zenith Insurance Company	10.02%		10.02%
Fairfax Financial Holdings Limited
Odyssey Group Holdings Inc
Reinsurance Odyssey
Company	6.96%		6.96%

10. In case of proxy voting: -[name of the proxy holder] will cease to hold ................................................................................................................................ percentage(%)] voting rights as of ...........................................................................................................................................

11. Additional information™ill.

The persons subject to the notification obligation have concluded an agreement on 19 April 2024 which sets out provisions and obligations of each party to exercise their voting rights, by concerted practice, towards achieving the agreed actions to be taken in relation to the issuer in question. From the persons that are subject to the notification obligation, as parties to the acting in concert relationship described further above: i) Prime One Capital Limited holds, directly, 3,956,046 shares, representing 65.93% of all the shares and voting rights, in the issuer; and (ii) Resolution Group Reinsurance (Barbados) Limited, Wentworth Insurance Company Limited, Colonnade Insurance S.A., Zenith Insurance Company, Polskie Towarzystwo Reasekuracji Spółka Akcyjna and Odyssey Reinsurance Company, all of which are indirectly ultimately held by Fairfax Financial Holdings Limited, directly collectively hold 1,770,888 shares, representing 29.52% of all the shares and voting rights, in the issuer. As such, all the parties acting in concert directly collectively hold 5,726,934 shares, representing 95.45% of all the shares and voting rights, in the issuer.

I/We declare that, to my/our knowledge, all of the above information is accurate and true.

(Name):

FOIVI PANAGIDOU HADJIGEORGIOU for and on behalf of Inter Jura Cy (Directors) Limited,

director of Prime One Capital Limited

Par. 4 Directive DI190-2007-01 of 2017 (R.A.D. 222/2017)

(Signature):
(Place, Date)	Nicosia, Cyprus, 19/04/24
(Name):	for and on behalf of Fairfax Financial Holdings Limited
(Signature):
(Place, Date)

(Signature):	……………………………………………………………………………….
(Place, Date)	………………………………………………………………………………
(Name):	for and on behalf of Fairfax Financial Holdings Limited
(Signature):	………………………………………………………………………………….
(Place, Date)	………………………………………………………………………………….