Current report no. 71/2020

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 seat in Krakow ("Company") informs that today it has received from IPOPEMA Towarzystwo Funduszy Inwestycyjnych S.A. with its seat in Warsaw ("Society"), information of November 4, 2020 pursuant to Art. 69 sec. 1 point 1 and art. 87 sec. 1 point 2 of the Act of 29 July 2005 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 fund IPOPEMA 21 FIZ Non-Public Assets managed by the Society (" Fund "), shares of the Company, in the transaction carried out on the regulated market on October 30, 2020, settled on November 3, 2020, the share of funds managed by the Company in the total number of votes in the Company increased above the 20% threshold in the total votes in the Company.

Before the above-mentioned event, all funds managed by the Society held a total of 46,418,761 shares of the Company, which constituted 19.80% of the share capital of the Company and gave 46,418,761 votes, which constituted 19.80% of the total number of votes at the general meeting of the Company.

After the above-mentioned event, all funds managed by the Society hold a total of 47,047,277 shares of the Company, which constitutes 20.07% of the share capital of the Company and gives 47,047,277 votes and constitutes 20.07% of the total number of votes at the general meeting of the Company.

There are no persons referred to in Art. 87 sec. 1 point 3) lit. c) of the Act.

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