CR 03/2016 Annex to the master agreement

Annex to the master agreement

Current report no.: 03/2016

Date: 11.01.2016

The Management Board of LPP SA hereby informs, that on 11 January 2016, annexes to the overdraft facility agreement (multi-purpose line) executed on 13 December 2011 and to the agreement on revolving line for letters of credit executed on 13 December 2011 were signed by LPP SA and Bank Handlowy w Warszawie SA.

Under the annex to the overdraft facility agreement (multi-purpose line) the current period of use the line was extended to 11 January 2018.

Under the annex the current period of use the line for letters of credit was extended to 10 January 2017.

The other contract terms were not changed.

The above quoted contracts were concluded on market basis.

The criterion of declaration of the contracts is that the agreement value exceeded 10% of the equity capital of the LPP SA.