CR 03/2018 Annex to a significant agreement

Annex to a significant agreement                                                                                                                                                                                                                            

Current report no: 03/2018

Date: 10 January 2018

Time: 18:26 pm

The Management Board of LPP SA informs that, today, i.e. 10 January 2018, LPP SA and Bank Handlowy w Warszawie SA have signed an annex to the to the credit limit agreement (multi-option credit line) dated 13 December 2011.

Upon the Company’s application, the total limit for utilising specific products (revolving credit facility, letters of credit, guarantees) has been decreased from PLN 175 mln to PLN 150 mln, and the period for utilising specific products has been prolonged till 10 January 2020.

Other terms and conditions of the agreement remained unchanged.

The line has been secured with declaration on submission to enforcement and blank promissory note.