CURRENT REPORT FILED WITH

THE POLISH FINANCIAL SUPERVISION AUTHORITY

DATE: November 10th 2020

Subject:Annex to multi-purposecredit facility agreement with PKO BP [Current Report No. 60/2020]

Contents:

Further to Current Report No. 31/2020 of June 30th 2020 announcing the signing of Annex 31 to a multi-purpose credit facility agreement with PKO BP S.A. (the "Bank") of February 7th 2012, as amended (the "Agreement"), the Management Board of RAFAKO S.A. of Racibórz (the "Company") announces that today the Company has signed Annex 33 to the Agreement (the "Annex").

The key amendments made under the Annex are set out below.

  1. The maximum facility amount has been set at PLN 119,916,154.85 (one hundred and nineteen million, nine hundred and sixteen thousand, one hundred and fifty-four złoty, 85/100), comprising the following sub-facilities provided by the Bank to the Company:
    1. an up to PLN 50,000,000.00 (fifty million złoty, 00/100) overdraft facility;
    2. an up to PLN 7,000,000.00 (seven million złoty, 00/100) revolving working capital facility in PLN and EUR to finance obligations arising in the course of day-to-day operations;
    3. bank guarantee facilities denominated in PLN, CZK, USD, EUR and GBP, together with a revolving working capital facility in PLN to cover the Company's liabilities for payments made under bank guarantees issued by the Bank of up to PLN 119,916,154.85 (one hundred and nineteen million, nine hundred and sixteen thousand, one hundred and fifty-four złoty, 85/100).

The aggregate amount of all sub-facilities drawn under the credit facility may not exceed PLN 119,916,154.85 (one hundred and nineteen million, nine hundred and sixteen thousand, one hundred and fifty-four złoty, 85/100).

  1. The availability and maturity date of the facility specified in the Annex is January 10th 2021.

The other material terms and conditions of the Agreement, including its financial terms and security structure, have not been amended under the Annex.

Legal basis:

Art. 17.1 of the Market Abuse Regulation - inside information.

Mariusz Zawisza, President of the Management Board

Ewa Porzucek, Vice President of the Management Board

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RAFAKO SA published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2020 10:54:02 UTC