Centrum Nowoczesnych Technologii : Termination of multi-product contract by mutual agreement of the parties.

Report number: 42/2017

Date of issue: 2017-08-30 09:24

Subject: Termination of multi-product contract by mutual agreement of the parties.

Contents of the report:

The Board of Management of Centrum Nowoczesnych Technologii S.A. (hereinafter referred to as the "Company", "the Issuer") hereby announces termination of Multi-Product Agreement (hereinafter referred to as the "Multi-Product Agreement") on 21 August 2017 which was concluded with ING Bank Śląski S.A. (hereinafter referred to as the "Bank"), which is connected with the Issuer receiving a relevant statement signed by the Bank on the same day. The Multi-Product Agreement was terminated by mutual agreement of the parties.

As a result of the termination of the agreement, all the collateral established for the benefit of the Bank under the Multi-Product Agreement shall be deemed repealed and of no force or effect, which the Company informed about in the Current Report No. 9/2016, such as the following:

a blank promissory note issued by the Company, including a promissory note declaration; contractual mortgage up to the amount of PLN 5,745,000.00 on the Company's right of perpetual usufruct of real estate (including the ownership of a building constituting a separate property) located in Sosnowiec, ul. Niwecka, including an assignment of rights under the insurance policy;

a civil guarantee granted by an external entity up to PLN 7,600,000.00;

a monetary collateral established by an external entity of PLN 800,000.00 deposited on an account run by the Bank,

As of the date of termination of the Agreement, the Issuer and the Bank shall not be parties to reciprocal obligations under the Multi-Product Agreement.

Legal basis: Article 17 (1) MAR - confidential information.