Conclusion of an annex to the loan agreement with Bank Zachodni WBK

With reference to the information contained in current report No. 18/2017 regarding the conclusion of an annex to the multi-line agreement with Bank Zachodni WBK S.A., the Board of Directors of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. (‘the Company’, ‘the Issuer’) hereby informs about signing, on 3 August 2018, another annex to the aforementioned agreement concluded between the Issuer and its subsidiaries, i.e. Zakłady Przemysłu Ziemniaczanego Lublin Sp. z o.o. (‘Lublin’) and Przedsiębiorstwo Przemysłu Ziemniaczanego Bronisław Sp. z o.o. (‘Bronisław’), and Bank Zachodni WBK S.A. with its registered office in Wrocław (‘Annex’).
Pursuant to the Annex to the multi-line agreement, the total credit limit granted to the Issuer and its subsidiaries has been increased to PLN 52 million in such a way that the revolving loan granted to the Issuer, Lublin and Bronisław amounts now to PLN 16.5 million, PLN 2 million and PLN 7.8 million respectively, the revolving loan to PLN 12 million, PLN 4.25 million and PLN 4 million respectively, and the current loan to PLN 4 million, PLN 0.75 million and PLN 0.7 million respectively.
Furthermore, the Annex to the multi-line agreement postponed the repayment date of all aforementioned loans concluded with Bank Zachodni WBK S.A until 31 August 2019.
The remaining terms of the multi-line agreement have not been subject to any significant changes, which would differ from standard provisions used in agreements of this type.