Conclusion of an annex to the loan agreement with PKO BP

With reference to the information contained in current report No. 19/2017 as regards the loan facility agreement concluded with Powszechna Kasa Oszczędności Bank Polski S.A. [PKO BP], the Management Board of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. [Company, Issuer] announces that on 6 July 2022 an annex to the aforementioned agreement by and 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 [Annex] was signed.
Pursuant to the Annex, the loan limit granted to the Issuer and its subsidiaries was raised to a total amount of PLN 67.5 million, and for individual companies: the Issuer – to PLN 40.5 million, Lublin – to PLN 8.5 million and Bronislaw – to PLN 18.5 million, respectively.
The following loans were granted under the aforementioned limit:
- overdraft: PLN 4 million to the Issuer, PLN 2 million to Lublin and PLN 0.7 million to Bronislaw,
- revolving working capital loan: PLN 19 million to the Issuer, PLN 5 million to Lublin and PLN 9.3 million to Bronislaw,
- non-revolving working capital loan: PLN 17.5 million to the Issuer, PLN 1.5 million to Lublin and PLN 8.5 million to Bronislaw.
The revolving loan facility and the non-revolving loan facility may be used by 30 January 2023 and will be repaid starting from 31 January 2023 in equal monthly instalments.
The limit was granted until 31 August 2023.
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.



SIGNATURES OF INDIVIDUALS REPRESENTING THE COMPANY
Date Full name Position/Function Signature
2022/07/06 Wojciech Faszczewski President of the Management Board
2022/07/06 Tomasz Rogala Member of the Management Board