65/2012 - Information about the intention to change the structure, extend the maturity and reduce the Company's debt

The Management Board of Trakcja - Tiltra S.A. (the “Company”) announces that it has decided to take action to change the structure, extend the maturity and reduce the Company's debt, which is designed to match the maturity of debt to the currently performed construction contracts, strengthening the capital structure of the Company, and to ensure the availability of bank financing on appropriate level.

To this end, the Management Board of the Company:

1. decided to convene an Extraordinary General Meeting of Shareholders, which is to decide on the issue of bonds convertible into shares of the Company and to decide on the conditional increase of the share capital of the Company;

1. intends to issue ordinary bonds falling due at the end of 2015;

1. intends to purchase and redeem the Company's previously issued  series A and B bonds.

The details of the information set out above, the Company will provide in the appropriate current reports.

Legal basis: Article 56, paragraph 1 point 1 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies (Journal of Laws No. 184, item 1439, as amended)