2/2014 – Information on Registering Pledge on Receivables of AB Kauno Tiltai

The Management Board of Trakcja PRKiI S.A., formerly TRAKCJA S.A. (“Company” or “Issuer”), hereby informs that on 9 January 2014 the pledge on receivables belonging to the subsidiary of Trakcja PRKiI S.A., which operates under the name of AB Kauno Tiltai (Joint Stock Company) with its registered office in Kaunas, Lithuania (“AB Kauno Tiltai”), was entered in the Lithuanian Mortgage Registry for the benefit of the pledgee, i.e. Nordea Bank Finland Plc and AB DNB bankas, under the following agreements:

1. Agreement No. SP-477 concluded on 31 October 2012 for the performance of the contract for the “Construction of the Second Road in the Kūlupėnai-Kretinga Section” between the joint-stock company Akcinė bendrovė “Lietuvos geležinkeliai” with its registered office in Vilnius and AB Kauno Tiltai as the leader of the consortium composed of AB Kauno Tiltai and Uždaroji akcinė bendrovė “Mitnija” with its registered office in Kaunas, about which the Company informed in Current Report No. 62/2012 of 2 November 2012.
2. Agreement No. SP-473 concluded on 30 October 2012 for the performance of the contract for the “Construction of the Second Road in the Pavenčiai-Raudėnai Section” between the joint-stock company Akcinė bendrovė “Lietuvos geležinkeliai” with its registered office in Vilnius and AB Kauno Tiltai as the leader of the consortium composed of AB Kauno Tiltai and Uždaroji akcinė bendrovė “Mitnija” with its registered office in Kaunas, about which the Company informed in Current Report No. 61/2012 of 31 October 2012.
3. Agreement No. SP-474 concluded on 30 October 2012 for the performance of the contract for the “Construction of the Second Road in the Telšiai-Dūseikiai Section” between the joint-stock company Akcinė bendrovė “Lietuvos geležinkeliai” with its registered office in Vilnius and AB Kauno Tiltai as the leader of the consortium composed of AB Kauno Tiltai and Uždaroji akcinė bendrovė “Mitnija” with its registered office in Kaunas, about which the Company informed in Current Report No. 60/2012 of 31 October 2012.

The total gross value of the pledged receivables is LTL 197,762,364.77 (in words: one hundred ninety seven million seven hundred sixty-two thousand three hundred and sixty-four Lithuanian litas, 77/100), which is PLN 239,272,685.13 (in words: two hundred thirty nine million two hundred seventy two thousand six hundred and eighty five Polish zlotys, 13/100).

The established pledge, together with other collateral, secures liabilities of the total value, as defined in the pledge agreement, of LTL 237,158,362.35, which when converted to PLN amounts to PLN 286,937,902.61.

The currency value was calculated according to the average exchange rate announced by the National Bank of Poland as of the pledge registration.

The basis for the publication hereof is the fact that the value of pledged receivables exceeds 10% of the Company's equity.

The Issuer and the pledgee are not related by equity or personnel.

Legal basis: § 5 item 1 point 1 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent.