CURRENT REPORT NO. 25/2020

Date: 2020-12-28; 14:54

Subject: Position of the Company Management Board regarding the Tender Offer to subscribe to sale of ZT "Kruszwica" S.A. shares, announced on December 9, 2020.

Content of the report: the Management Board of Zakłady Tłuszczowe "Kruszwica" Spółka Akcyjna

(hereinafter: the Company), acting pursuant to Art. 80 of the Act of July 29, 2005 on Public Offering and Conditions to introduce financial instruments to an organized trading system and of public companies (hereinafter: the Act), hereby presents to public the position of the Management Board of the Company regarding the Tender Offer announced on December 9, 2020, pursuant to Art. 74 sec. 1 of the Act, by Koninklijke Bunge B.V. based in Rotterdam, the Netherlands, to subscribe for the sale of the Company's shares.

The position of the Management Board of the Company on the Tender Offer is provided along with the opinion of KPMG Advisory Limited Liability Company sp.k. on the price of the Company's shares specified in the Tender Offer, referred to in Art. 80 sec. 3 of the Act.

Legal basis: art. 80 of the Act of July 29, 2005 on Public Offering and Conditions to introduce financial instruments to an organized trading system and of public companies

Company Capital 171.942.378,52 PLN, fully paid

District Court in Bydgoszcz

www.ztkkruszwica.pl

Bank Pekao S.A Branch of Kruszwica

XIII Economy Department of National

NIP 556-08-00-678

Account 36 1240 6478 1111 0000 4948 1893

Court Register KRS 0000019414

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Zaklady Tluszczowe Kruszwica SA published this content on 28 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 December 2020 12:24:03 UTC