Significant blocks of shares/Change of ownership

Legal basis (selected in ESPI): Art. 70 sec.1 of the Act on Offering – acquisition or disposal of a significant block of shares

The Management Board of PKP CARGO S.A. (“Company”) hereby announces that on 8 November 2013 it received a notification from ING Open-End Pension Fund („Shareholder”), stating that the Shareholder exceeded the 5% threshold of the total number of votes at the General Meeting of Shareholders of the Company (“GM”).

The said threshold was exceeded following the Shareholder’s acquisition of shares of the Company in transactions concluded on the Warsaw Stock Exchange, settled on 5 November 2013.

Before the said acquisition the Fund was entitled to 1 024 500 (one million twenty four thousands five hundred) votes at the GM, representing 2.36 % of the total number of votes at the GM.

As at 8 November, on the Shareholder’s securities account there were 2 860 827 (two million eight hundred sixty thousand eight hundred twenty seven) shares, representing 6.60% of a Company’s share capital. The aforementioned shares entitle to 2 860 827 (two million eight hundred sixty thousand eight hundred twenty seven) votes at the GM, representing 6.60 % of total number of votes at the GM.

Legal basis: Art. 70 sec. 1 of the Act of 25 July 2005 on public offering and conditions for introduction of financial instruments into an organized trading system, and on public companies (Journal of Laws of 2009 no. 185, item 1439 as amended)