Dear Customers, Dear Partners,

In the last few years PEKAES has undergone many changes in order to transform from a transport company into the intermodal-logistic group it is today. Thanks to our competences and appropriate human and infrastructural resources, we are capable of offering complex logistic services meeting your needs and expectations in many market segments, We offer the complete delivery chain - but our ambitions go beyond this. Noting your growing requirements, we are very committed to fulfilling them. At the same time, we notice significant growth potential of our market which we would like to utilise. This has also been noticed by the Innova Capital investment fund.

Therefore, I have the pleasure announcing, in my own name and on behalf of the Management Board of Pekaes, that on 21 July this year, Kulczyk Holding S.A., our existing majority shareholder, and Strada Holding s.a.r.l., a company in the structures of the Innova Capital fund, entered into an investment agreement and a conditional preliminary agreement of sale of the Pekaes shares held by subsidiaries of Kulczyk Holding S.A.

This transaction means that after meeting the conditions specified in those agreements, first and foremost - after obtaining the consent of the President of the Office for Competition and Consumer Protection (UOKiK), one of the leading investment funds in Central and Eastern Europe - Innova Capital - will become the majority shareholder of Pekaes, and thus of all companies included in the Pekaes Group.

I am very proud that this reputable investment fund has such high opinion not only of the developmental changes introduced in our company in the recent years, but also the great potential in our industry, the development of our Group and its growing value. The paramount goal of the Innova Capital fund is to effectively support us in the further implementation of the ambitious development strategy we have adopted.

Thanks to this change, we will be able to ensure that you receive with even greater security of service, as a large logistic operator who will continue to grow from year to year, offering better and more extensive services. Our new shareholder also places this objective before us as a priority.

Using this opportunity, I would like to thank you from the bottom of my heart for the confidence you have placed in us. I am aware that building such excellent relationships is based on mutual understanding, reliability and flexibility of a logistic operator. I trust that our further cooperation will translate first of all into your personal success and will help us develop together in the market.

Maciej Bachman

President of the Management Board of PEKAES SA

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