5. Structure of the group

Branch of Synthos S.A. doing business as Synthos SA (organizačni složka) with its registered office in Kralupy nad Vltavou, Czech Republic, which commenced operations on the date of its registration in the Czech Commercial Register, i.e. on 22 January 2008.

Synthos Dwory 7 spółka z ograniczoną odpowiedzialnością spółka jawna with its registered office in Oświęcim. The company produces synthetic rubbers and synthetic latexes, styrene plastics, vinyl dispersions and acrylic copolymer dispersions; it also generates and distributes electricity, generates and distributes heat and draws and treats water. The company’s shareholders are Synthos Dwory 2 spółka z ograniczoną odpowiedzialnością with its registered office in Oświęcim in which the Company holds a 100% stake and the Company. The shareholder authorized to exclusive representation of this entity is Synthos Dwory 2 spółka z ograniczoną odpowiedzialnością, a wholly-owned subsidiary of the Company.

Synthos Kralupy a.s. with its registered office in Kralupy nad Vltavou, the Czech Republic. The company’s line of business is the production of synthetic rubber, styrene plastics, ethylbenzene and butadiene. Synthos Kralupy a.s. is wholly owned by the Company, the sole holder of 100% of its share capital.

Synthos PBR s.r.o. with its registered office in Kralupy nad Vltavou, the Czech Republic. The company’s line of business is the production of synthetic rubbers under a license granted by the Michelin Group. The Company holds 100% of the share capital and votes at the Shareholder Meeting of this subsidiary.

Tamero Invest s.r.o. with its registered office in Kralupy nad Vltavou, the Czech Republic. This company’s line of business is the generation and distribution of electricity, the production and distribution of heat and the uptake and treatment of water. Synthos Kralupy a.s. is the sole holder of 100% of its share capital.

Synthos Dwory 2 spółka z ograniczoną odpowiedzialnością SD4 spółka komandytowa (formerly: Synthos Dwory 4 Sp. z o.o.) with its registered office in Oświęcim, established by way of transformation of Synthos Dwory 4 spółka z ograniczoną odpowiedzialnością. Its transformation was registered on 29 June 2016. Synthos Dwory 7 spółka z ograniczoną odpowiedzialnością spółka jawna is the limited partner in the company while Synthos Dwory 2 sp. z o.o. is the general partner. The company’s line of business is the generation of electricity.

Synthos Dwory 2 spółka z ograniczoną odpowiedzialnością SD5 spółka komandytowa (formerly: Synthos Dwory 5 Sp. z o.o.) with its registered office in Oświęcim, established by way of transformation of Synthos Dwory 5 spółka z ograniczoną odpowiedzialnością. The transformation was entered in the register of commercial undertakings on 18 August 2016. Synthos Dwory 7 spółka z ograniczoną odpowiedzialnością spółka jawna is the limited partner in this company and Synthos Dwory 2 sp. z o.o. is the general partner. The Company’s line of business includes, without limitation, the generation of electricity.

Synthos Dwory 2 spółka z ograniczoną odpowiedzialnością SD8 spółka komandytowa (formerly: Synthos Dwory 8 Sp. z o.o.) with its registered office in Oświęcim, established by way of transformation of Synthos Dwory 8 spółka z ograniczoną odpowiedzialnością. The transformation was entered in the register of commercial undertakings on 22 July 2016. Synthos Dwory 7 spółka z ograniczoną odpowiedzialnością spółka jawna is a limited partner in the company and Synthos Dwory 2 sp. z o.o. is the general partner. The Company’s line of business includes, without limitation, the generation of electricity.

Miejsko-Przemysłowa Oczyszczalnia Ścieków Sp. z o.o. with its registered office in Oświęcim. The company’s line of business is the collection, treatment and disposal of sewage, the neutralization of waste and the provision of sanitary and related services. Synthos Dwory 7 spółka z ograniczoną odpowiedzialnością spółka jawna holds a 76.79% stake in the company’s share capital and in the votes at its Shareholder Meeting. The remaining 23.21% of the share capital and votes at the Shareholder Meeting are held by the Urban Municipality of Oświęcim.

FORUM 62 FIZ managed by FORUM TFI S.A. with its registered office in Kraków. The Company is a direct holder of all (250) certificates issued by the fund.

CALGERON INVESTMENT LIMITED with its registered office in Nicosia, Cyprus. Synthos Dwory 7 spółka z ograniczoną odpowiedzialnością spółka jawna holds a 100% stake in the share capital of CALGERON INVESTMENT Ltd., a company involved in the Group’s capital investment operations. On November 23rd, 2016 the company was liquidated and deleted from the registry of companies.

Red Chilli Ltd. with its registered office in Nicosia, Cyprus. The Synthos S.A. subsidiary known as Synthos Kralupy holds all the shares in this company. The company is involved in capital investment operations.

Butadien Kralupy a.s. with its registered office in Kralupy nad Vltavou, the Czech Republic. Synthos Kralupy a.s. is the holder of 49% of its share capital. The line of business of Butadien Kralupy a.s. is the processing of C4 fraction aimed at obtaining butadiene and raffinate 1. The company is consolidated in accordance with the regulations of IFRS 11.

Synthos Agro Sp. z o.o. with its registered office in Oświęcim, an indirect subsidiary of the Company. The company is involved in the sales and marketing of plant protection products. Synthos Dwory 7 spółka z ograniczoną odpowiedzialnością spółka jawna holds a 99% stake in the company’s share capital representing 99% of the votes at its shareholder meeting. The Company holds 1% of its share capital representing 1% of votes at the shareholder meeting.

Synthos do Brasil Industria e Comercio de Quimicos Limitada, entered in the National Register of Legal Persons of the Federal Republic of Brazil on 21 November 2013 under file number 19.297.642/0001-22. On 11 August 2014, the company’s share capital was increased to the current BRL 3,544,400.00 and is divided into 3,544,400,000 shares. The Company holds 3,542,400 shares in its share capital. Synthos Dwory 2 Sp. z o.o. holds 2,000 shares in its share capital.

Synthos Dwory 2 Sp. z o.o. with its registered office in Oświęcim. Presently, the Company holds 100% of its share capital and represents 100% of the votes at this company’s Shareholder Meeting.

Synthos Finance AB (publ.) with its registered office in Stockholm. The company’s share capital is EUR 55,005.61 and is divided into 4,951 shares with a par value of EUR 11.11 each. The Company is its sole shareholder. It is involved in the Group’s capital investment operations.

Green Pepper SCSp with its registered office in Luxembourg, entered in the Luxembourg Commercial and Company Register under RCS file number B 192143 on 27 November 2014. It was wholly controlled by the Company indirectly. In the Group, it conducted capital investment operations. The Company was wound up on 15 November 2016.

Bilberry Sàrl with its registered office in Luxembourg, entered in the Luxembourg Commercial and Company Register under RCS file number Sàrl on 20 November 2015. It is wholly controlled by the Company indirectly. It is involved in the Group’s capital investment operations.

Oristano Investment Spółka z ograniczoną odpowiedzialnością in liquidation with its registered office in Oświęcim. The Company holds 100% of its share capital and represents 100% of votes at the Shareholder Meeting. On 15 October 2014, the Shareholder Meeting adopted a resolution to dissolve the company. Accordingly, the company’s liquidation was opened on 15 October 2014. On 14 March 2016 the company was struck from the National Court Register.

Synthos US, INC, a wholly-owned direct subsidiary of Synthos S.A., registered in accordance with the laws of the state of Ohio, U.S.A. The company is involved in promotional and marketing operations in the United States.

Synthos Styrenics Synthos Dwory 2 spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered office in Oświęcim. On 16 June 2016, it was registered by the District Court for Kraków-Śródmieście in the National Court Register under the number 0000623523. The Company is a limited partner in the company and Synthos Dwory 2 sp. z o.o. is the general partner.

Synthos Holding Netherlands B.V. with its registered office in Breda, the Netherlands, registered in the Dutch Commercial Register under the number 34223812. The company is involved in the Group’s capital investment operations and is wholly owned by the Company.

Synthos Styrenics Services B.V. with its registered office in Breda, the Netherlands, registered on 02 September 2016 under the number 20099736. The company is an indirect subsidiary of the Company. Its lines of business include the provision of sales-related services, accounting and bookkeeping services and services in scientific research and technology development.

Synthos Breda B.V. with its registered office in Breda, the Netherlands, registered in the Dutch Commercial Register under the number 20049639. The company is an indirect subsidiary of the Company. The company’s line of business includes, without limitation, the production of plastics.

Synthos Wingles SAS (formerly: INEOS Styrenics Wingles SAS) with its registered office in Wingles, France, registered in the Commerce and Company Register under the number 428 658 272 RCS Arras. The company is an indirect subsidiary of the Company.

Synthos Ribécourt SAS (formerly: INEOS Styrenics Ribécourt SAS) with its registered office in Ribécourt-Dreslincourt, France, registered in the Commerce and Company Register under the number 389 519 919 RCS Compiégne. The company is an indirect subsidiary of the Company.

Synthos Holding France SAS (formerly: INEOS Styrenics Holding France SAS) with its registered office in Ribécourt-Dreslincourt, France, registered in the Commerce and Company Register under the number 392 208 674 RCS Compiégne. The company is involved in the Group’s capital investment operations and is indirectly wholly owned by the Company.

Synthos Kimyasal Urunler Limited Sirketi (formerly: INEOS Styrenics Kimyasal Urunler Limited Sirketi) with its registered office in Istanbul, Turkey, registered in the register of companies under the number 432319. The company is involved in sales operations and is indirectly wholly owned by the Company.

Synthos XEPS s.r.o. in liquidation with its registered office in Kralupy nad Vltavou, the Czech Republic. The Company holds 100% of its share capital and votes at the shareholder meeting. The company’s liquidation was opened on 1 December 2015, which was completed by striking it from the Czech register of undertakings on 2 November 2016.

Photo Hitech spółka z ograniczoną odpowiedzialnością with its registered office in Kraków. The Company holds 440 shares in the company representing 44% of votes at its shareholder meeting.

On 30 November 2007, the Company’s Management Board adopted a resolution to form a branch outside the Republic of Poland in the Czech Republic under the name of Synthos S.A. (organizačni složka) with its registered office at 278 52 Kralupy nad Vltavou, O. Wichterleho 810, the Czech Republic. The Branch commenced operations on the date of its registration in the Czech Commercial Register, i.e. on 22 January 2008.