Selena FM S.A.

Major Shareholding Notification • Nov 29, 2019

Luxembourg, 29.11.2019

KOMISJA NADZORU FINANSOWEGO / POLISH FINANCIAL SUPERVISION AUTHORITY ul. Piekna 20 00-549 Warszawa skr. poczt. 419

SELENA FM S.A.

STRZEGOMSKA 2/4 53-611 WROCŁAW

NOTIFICATION OF THE COMPANY SYRIUS INVESTMENTS S.A.R.L.

on increase in share in the total number of votes in the company SELENA FM S.A. with its registered office in Wrocław (hereinafter: the "Company").

The member of the Management Board of the company Syrius Investments S.a.r.l. (a 100% subsidiary of Mr. Krzysztof Domarecki) with its registered office in Luxembourg (hereinafter: "Syrius"), acting in compliance with the article 69a (1)(3) in connection with article 69(1)(1) of the Act on Public Offering Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies dated on 29.07.2005 (hereinafter: the "Act"), I hereby declare that on the 29% November 2019, Syrius has acquired 9 763 000 of shares in the Company. These shares were acquired by means of merger by acquisition of Ad Niva Sp. z o.o.

I. Before the share change Syrius owned:

• 1) directly 8 050 000 non-preference shares of the Company (series B) representing 35,25% of the share capital of the Company giving 8 050 000 votes at the General Meeting of the Company and representing 30,00% of the total number of votes;
• 2) indirectly 9 763 000 shares of the Company:
  • a. 4.000.000 preference shares (series A) of the Company representing 17,52% of the share capital of the Company giving 8.000.000 votes at the General Meeting of the Company and representing 29,81% of the total number of votes,
  • b. 5 538 000 non-preference shares (series B) of the Company representing 24,25% of the share capital of the Company giving 5 538 000 votes at the General Meeting of the Company and representing 20,64% of the total number of votes,
  • c. 225 000 non-preference shares (series C) of the Company representing 0,99% of the share capital of the Company giving 225 000 votes at the General Meeting of the Company and representing 0,84% of the total number of votes,

together representing 42,76% of the share capital of the Company giving 13 763 000 votes at the General Meeting of the Company and representing 51,29% of the total number of votes.

i.e. together directly and indirectly 17 813 000 shares of the Company representing 78,01% of the share capital of the Company giving 21 813 000 votes at the General Meeting of the Company and representing 81,29% of the total number of votes.

II. After the share change Syrius holds directly 17 813 000 shares of the Company representing 78,01% of the share capital of the Company giving 21 813 000 votes at the General Meeting of the Company and representing 81,29% of the total number of votes, i.e.:

• 1) 4.000.000 preference shares (series A) of the Company representing 17,52% of the share capital of the Company giving 8.000.000 votes at the General Meeting of the Company and representing 29,81% of the total number of votes,
• 2) 13 588 000 non-preference shares (series B) of the Company representing 59,50% of the share capital of the Company giving 13 588 000 votes at the General Meeting of the Company and representing 50,64% of the total number of votes,
• 3) 225 000 non-preference shares (series C) of the Company representing 0,99% of the share capital of the Company giving 225 000 votes at the General Meeting of the Company and representing 0,84% of the total number of votes.

Number of votes indicated in article 69(4)(7-8) of the Act: none

Sincerely, Philippe Aflalo

Member of the Management Board