KER NOTIFICATION OF TRANSACTION BY AN INSIDER

Kernel Holding S.A. (hereinafter “the Company”) hereby announces that the Company received on 26 October 2018 a notification pursuant to Art. 70 point 1 in connection with Art. 69 of the Act of 29 July 2005 on public offerings, conditions governing the introduction of financial instruments to the organized trading system, and public companies (hereinafter “the Act on Public Offerings”) and Art. 19 of the Market Abuse Regulation, informing that Namsen Limited, a legal entity directly controlled by Andriy Verevskyy, a chairman of the Board of Directors of the Company, acquired during 23 – 26 October 2018 a total of 137,441 shares in Kernel Holding S.A. at an average price of 49.66 PLN per share.