Conclusion with Santander Bank Polska S.A. an annex to the loan agreement

With reference to the information contained in current report No. 29/2019 regarding the credit facility agreement concluded with Santander Bank Polska S.A. [the Bank], the Management Board of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. [the Company, the Issuer] announces that on 05 July 2021 another annex to the multi-line credit agreement between the Issuer and its subsidiaries, i.e. Zakłady Przemysłu Ziemniaczanego "Lublin" Sp. z o.o. [Lublin] and Przedsiębiorstwo Przemysłu Ziemniaczanego Bronisław S.A. [Bronislaw] and the Bank [Annex] was signed.
Pursuant to the Annex to the Multiline Credit Agreement, the credit limit granted to the Issuer and its subsidiaries was raised to PLN 62.5 million in such a way that the revolving credit granted to the Issuer, Lublin and Bronisław is now PLN 17 million, PLN 2 million and PLN 9 million, respectively, with the repayment of this loan in equal monthly instalments starting from January 2022, the revolving loan amounting to PLN 16.5 million, PLN 4 million and PLN 7.3 million respectively, with the limits for the revolving loan decreasing monthly starting from February 2022, and the current loan amounting to PLN 4 million, PLN 2 million and PLN 0.7 million respectively.
In addition, the Annex to the Multiline Credit Agreement extended the repayment date to 31 August 2022.
The other terms and conditions of the Multiline Credit Agreement have not been materially altered to deviate from the standard provisions used in this type of agreement.