Current report no. 11/2021

Legal basis: Art. 70 pt 1 of  the Act on Public Offering - acquisition or disposal of a significant block of shares

Subject: Notification regarding a significant block of shares.

VRG S.A. with its registered office in Kraków ("the Company") informs that today it has received from IPOPEMA Towarzystwo Funduszy Inwestycyjnych S.A. with its registered office in  Warsaw ("the Company"), the information sent pursuant to Art. 69 sec. 2 point 1 lit. a of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (the "Act"), that as a result of the acquisition by the IPOPEMA 21 FIZ Non-Public Assets managed by the Society ("Fund") fund, the Company's shares in a transaction carried out on regulated market on January 28, 2021, settled on February 1, 2021, the share of the Fund in the total number of votes in the Company increased by more than 2% in the total number of votes in the Company.

Before the above-mentioned event, the Fund owned 28,492,901 shares of the Company, which constituted 12.15% of the share capital of the Company and gave 28,492,901 votes, which constituted 12.15% of the total number of votes at the General Meeting of the Company.

After the above-mentioned event, the Fund holds 28,793,943 shares of the Company, which constitutes 12.28% of the share capital of the Company and gives 28,793,943 votes and constitutes 12.28% of the total number of votes at the General Meeting of the Company.

At the same time, the Society informs that the funds managed by the Society do not have the financial instruments referred to in Art. 69b paragraph. 1 of the Act.