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May 26, 2015 / 18:06

10/2015 Execution of the Annex no. 1 to the Agreement granting Agora the multi-purpose credit line

Regulatory filing

The Management Board of Agora S.A. with its registered seat in Warsaw ("the Company") hereby informs that on May 26th, 2015 the Company signed an Annex no.1 to a multi - purpose credit line agreement ("Agreement") with Bank Polska Kasa Opieki S.A. ("Bank). The original Agreement was signed on May 28th, 2014; the Company informed about this fact in a current report no. 10/2014 dated May 28th, 2014.

According to the hitherto provisions of the Agreement, the Company could use the refinancing credit, the credit facility in the current account till May 28th, 2015 and time credit till May 31st, 2015.

In 2014, the Company used refinancing credit of PLN 34,929,342.64. It was provided for payment of credit line "B" which was made available on the basis of the long-term syndicated loan agreement no 2002/3 with Bank Polska Kasa Opieki S.A., executed on April 5, 2002, with later amendments. The Company informed about the long-term syndicated agreement in regulatory filing 9/2002. The Company paid up the above refinancing credit in installments. The last one was paid on March 31st, 2015.

On the day of Annex execution the Company met the conditions necessary for granting the multi-purpose credit line to the Company on the basis of the Agreement. Due to the above and on the basis of the Annex the Company shall be provided by the Credit Line in the amount of up to PLN 135.000.000 divided into:

- credit facility in the current account of up to PLN 35.000.000, which can be used by the Company till May 28th, 2016,

- time credit of up to PLN 100.000.000, which can be used by the Company till May 31st, 2016.

The possible time credit, will be paid in 13 equal quarterly installments, i.e. since June 30, 2017 until June 30, 2020. Interest rate of the credit is defined on the basis of the WIBOR rate for the assumed interest period plus the Bank's margin.

Other significant conditions of the loan agreement remain unchanged.

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10/2015 Execution of the Annex no. 1 to the Agreement granting Agora the multi-purpose credit line

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