Conclusion of an annex to the loan agreement with PKO BP

With reference to the information contained in current report No. 28/2019 regarding the credit facility agreement concluded with Powszechna Kasa Oszczędności Bank Polski S.A. [PKO BP], the Management Board of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. [the Company, the Issuer] announces that on 05 July 2021 an annex to the above mentioned 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. [Bronisław] and PKO BP [Aneks] was signed.
Under the Annex, the credit limit granted to the Issuer and its subsidiaries was raised to a total amount of PLN 62.5 million, and for individual companies: the Issuer - to PLN 37.5 million, Lublin - to PLN 8 million and Bronislaw - to PLN 17 million, respctively.
The following loans were granted under the above limit:
• an overdraft facility: PLN 4 million to the Issuer, PLN 2 million to Lublin and PLN 0.7 million to Bronislaw,
• revolving working capital loan: PLN 16.5 million to the Issuer, PLN 4 million to Lublin and PLN 8.3 million to Bronislaw,
• npn-revolving working capital loan: PLN 17 million to the Issuer, PLN 2 million to Lublin and PLN 8 million to Bronislaw,
The revolving credit facility and the non-revolving credit facility may be used by 30 January 2022 and will be repaid starting from 31 January 2022 in equal monthly instalments.
The credit limit was granted until 31 August 2022.
The other terms and conditions of the agreement have not been materially altered to deviate from the standard provisions used in this type of agreement.