Legal basis: Paragraph 5 item 1 pt. 3 of the regulation of the Minister of Finance on Current and Periodic Information by Issuers of Securities and on the Conditions for Recognising Information as Equivalent to that Required by the Provisions of Law of a State which is not a Member State of 19 February 2009 (“Regulation”) The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO Bank Polski SA” or the “Bank”) hereby announces that on 12 June 2012 the Bank concluded a credit agreement (“Agreement”) with a client of the Bank (“Client” or “Borrower”) for a total amount of PLN 2,000,000,000 (two billion zlotys). Under the terms of the Agreement, the following activities may be taken up upon instructions from the Client: - providing bank guarantees, - granting investment loans, consisting of two tranches: an amortised investment loan of PLN 1,120,000,000 (one billion one hundred twenty million zlotys) and an unamortised investment loan of PLN 280,000,000 (two hundred eighty million zlotys) and a bridging loan of PLN 600,000,000 (six hundred million zlotys). The Borrower must pay the final instalment of the loan no later than 30 September 2018. Interest on the individual tranches of the loan is based on the WIBOR rate, plus the Bank’s margin. The funding has been secured with, among other things, registered pledges, mortgages and bank transfers of potential claims. The Bank’s total engagement under credit agreements concluded with the Client and Client’s associates over the past 12 months amounts to PLN 2,679,000,000 (two billion six hundred seventy nine million zlotys). The conclusion of the Agreement represents the fulfilment of the Bank’s duty to announce the conclusion of a significant agreement because the total value of the performances under the Bank’s agreements concluded with the Client and Client’s associates satisfies the criteria discussed in Paragraph 2 item 1 pt. 44 in conjunction with Paragraph 2 item 2 of the Regulation. This Agreement represents the biggest transaction among those concluded with the Client and Client’s associates over the 12-month period preceding its conclusion.
