Ferrum : Information on the transfer of liabilities made by financial institution

Established in 1874

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Hollow sections

Coating

Current Report: 6/2017 Date: 2017-02-03 Name of the Issuer: FERRUM S.A. Title: Information on the transfer of liabilities made by financial institution Legal basis: Art. 17 item 1 MAR - inside information Content of the Report:

The Management Board of FERRUM S.A. (Issuer) informs that on 3rd February 2017 it received from ING Bank Śląski S.A. (ING Bank) and Pragma 1 Closed-end Investment Fund Non-standardized Securitization Fund (Fund) a common declaration about entering into an agreement on the transfer, to the benefit of the Fund, of ING Bank receivables from the Issuer. In connection with the respective agreement, the Fund subrogated to the rights and obligations of a creditor resulting from the arrangement concluded between the Issuer and ING Bank, mentioned in the current report no. 84/2015 of 23rd December 2015 (and in subsequent current reports on this respective arrangement), including also the structure and amount of security of the debt repayment that has been previously established to the benefit of ING Bank, inclusive of, among others, a contractual deposit secured mortgage up to the amount of PLN 42 mio. and contractual joint mortgage up to the amount of PLN 30 mio. established on the property owned by the Issuer. In accordance with the obtained declaration, the transfer of the above mentioned receivables, therefore entering by the Fund into the rights and obligations of the creditor, shall become effective once the Fund is registered as the mortgage creditor in respect of the above mortgages.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY
Date	Position	First name and surname
2017-02-03	President of the Management Board	Konrad Miterski
2017-02-03	Vice-President of the Management Board	Włodzimierz Kasztalski