Rhenus Beteiligungen International GmbH signed an agreement to acquire 87.9% stake in C.Hartwig Gdynia S.A. from OT Logistics S.A. (WSE:OTS) on July 28, 2021. The transfer of ownership of the shares will also include the parallel settlement of other assets and liabilities related to C.Hartwig's operating activities and linking so far C.Hartwig with OT Logistics. The transaction is subject to approval of the concentration by the antitrust authority, i.e. the President of the Office of Competition and Consumer Protection, Agricultural Support Center from its pre-emptive right to Shares , due to the fact that CHG is the owner of agricultural property, issuing the so-called statements on the repayment by the banks financing the Company and its capital group and the security administrators of series G bonds and series H bonds issued by the company, including conditional commitments to issue statements on the release and waiver of securities established on the Shares and CHG assets and confirmation of consent to certain elements transaction, merger of the Company and OTN, in which CHG owned shares, by transferring all assets of OTN (as the acquired company) to OTL (acquiring company), conclusion by OTN and CHG of a preliminary sale agreement Real Estate for CHG, and the Supervisory Board adopts resolutions approving the transaction and other transactions arising out of or provided for by the agreement. Closing and settlement of the transaction will take place upon fulfillment of the conditions precedent. The parties agreed that the fulfillment of all condition's precedent should take place no later than October 20, 2021 (with the possibility of extension in certain cases until December 15, 2021). If the conditions precedent is not met within the time limits provided for in the SPA, certain parties have the right to withdraw or the agreement expires. As of August 5, 2021, Supervisory Board of OT Logistics S.A. adopts the resolution for agreeing the transaction. As of August 31, 2021, OT Nieruchomosci concluded with C. Hartwig Gdynia (CHG) a preliminary agreement for the sale of rights to developed and undeveloped properties located at ul. Handlowa and ul. Hutnicza in Gdynia for the sale price of PLN 14.1 million. Thus, one of the conditions precedent of the conditional share sale agreement was met. Rhe takeover is expected to be completed in October 2021. As of September 24, 2021, OT Logistics informs that today it learned that one under the conditions precedent of SPA, i.e. the National Agricultural Support Center (KOWR), represented by the General Director of the National Agricultural Support Center, submitted a declaration that KOWR did not use its pre-emption right to 298,111 shares in CHG. Piotr Grauer and Mateusz Sieniawski of KPMG Advisory Sp. z o.o. provided sell side advisory to OT Logistics S.A.

Rhenus Beteiligungen International GmbH completed the acquisition of 87.9% stake in C.Hartwig Gdynia S.A. from OT Logistics S.A. (WSE:OTS) on October 22, 2021.