Report No. 18/2017

Legal basis

Article 17.1 of the MAR Regulation

Report content:

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“Bank”) reports that on 30 May 2017 the Bank entered into a loan agreement (“Agreement”) with a customer of the Bank (“Customer”) for the amount of PLN 3,200,000,000  (in words: three billion two hundred million Polish zloty). The conclusion of the Agreement means the fulfilment of the Bank’s obligation connected with a stand-by loan granted to the Customer on 7 December 2016 as stated in report No. 59/2016 of 7 December 2016 and then, with regard to the facility term, in report No. 10/2017 of 11 April 2017.

The Customer is required to discharge the loan made under the Agreement within 3 years of the granting date. The discharge date may be postponed twice, on each occasion by 12 months, subject to Bank’s consent. The interest rate on the loan made under the Agreement is based on WIBOR plus a margin charged by the Bank. The Agreement is secured, among other things, with financial and registered pledges on the capital investment object and the documents concerning loan collateral include a declaration by the Customer of voluntary submission to enforcement.

During the past 12 months, the Bank has not entered in any other loan agreements with the Customer and parties related to the Customer, therefore the total amount committed by the Bank (including the amount of the Agreement) is 3,200,000,000  (in words: three billion two hundred million Polish zloty).