CR 04/2018 Annex to a significant agreement

Annex to a significant agreement                                                                                                                                                                                                                            

Current report no: 04/2018

Date: 30 January 2018

Time: 15:20 pm

The Management Board of LPP SA informs that, today, i.e. 30 January 2018, LPP SA and BGŻ BNP Paribas Spółka Akcyjna have signed an annex to the to the credit limit agreement (multi-option credit line) dated 14 April 2004.

Upon the Company’s application, the total limit for utilising specific products (revolving credit facility, letters of credit, guarantees) has been decreased from PLN 330 mln to PLN 280 mln, and the period for utilising specific products has been prolonged till 30 January 2019.

Other terms and conditions of the agreement remained unchanged.

The line has been secured with blank promissory note and declaration on submission to voluntary enforcement in a form of notarial deed.