CR 30/2014 The appendix to the master contract

Current report no:. 30/2014
Date: 2014-11-20
The Board of the LPP S.A. inform hereby, that on the 20th day of November, 2014, between the LPP S.A. and the Bank Handlowy w Warszawie S.A, the appendix was signed to the credit contract within the current account (the multi-purpose credit line) on 13 December 2011.

Pursuant to the above quoted appendix the total limit of individual products was set at the amount of PLN 170 mln, whereas the amount up to PLN 170 mln can be used in the form of credit, the amount up to PLN 170 mln in the form of letters of credit, and in a form of bank guarantees the amount of up to PLN 40 mln.

The above quoted contract was concluded on commercial basis. The other contract terms were not changed. The criterion of declaration the contract is the master contract was its value exceeding 10 % of the equity capital of the LPP S.A.