Shareholder Structure

The holding company of the Group is Kernel Holding S.A. (Luxembourg), whose issued capital consists of 80,701,230 ordinary shares without indication of a nominal value, providing 80,701,230 voting rights. As of 1 December 2016, the Company had three significant shareholders, with shares exceeding 5% of share capital:

# of shares Share owned
Namsen LTD 31,245,878 38.72%
TFI PZU SA** 8,151,113 10.10%
4,200,000 5.20%

* As per AGM attendance list as of 12 December 2016.

** As per notification received on 23 January 2017

The Company's shares are listed on the main market of Warsaw Stock Exchange under ticker KER since November 2007.