Current Report 39/2016

Amendment to the loan agreement with PKO Bank Polski SA

With reference to the current report 5/2015 of 20 February 2015, the Management of ELEKTROBUDOWA SA ("the Company") informs that on 22 November 2016 the Company received the Amendment to the loan agreement, having the form of multi-purpose credit limit with Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna based in Warsaw ("the Bank"), signed by both parties.

The Amendment decreases the limit amount from PLN 290.1m to PLN 146.9m. The decrease is a consequence of the reduction of amounts of the advance payment guarantee and the performance guarantee extended by the Bank for the benefit of Tauron Ciepło SA.

The Amendment also particularizes the Company's obligations towards the Bank and reduces the cap of mortgage, established as security of the contractual obligations on the perpetual usufruct right to the real property situated at 12, Porcelanowa Street, Katowice, from PLN 435.2m to PLN 220.3m.

The other terms have not been changed and they do not differ from standard market terms used in this type of agreements.

Legal basis

Art. 17.1 MAR -inside information

The Company's authorized representatives: Paweł Skrzypczak, Vice President

Jan Wilk, Commercial Proxy (Prokurent)

Elektrobudowa SA published this content on 22 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 November 2016 13:08:09 UTC.

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