11/2015 - Information on the decision undertaken by the Management Board concerning short-term financial asset write-off

The Management Board of Trakcja PRKiI S.A. (the “Company”) hereby publicly informs of the expected non-financial impact of the one-off event on the Trakcja PRKiI’s standalone and Trakcja Group’s consolidated financial statements for the year 2014.

On the March 11, 2015 the Management Board of Trakcja PRKiI S.A. decided to recognize as at 31 December 2014 write-off of trade receivables from a non-related company in the amount of 5.162.951,29 PLN.

The write-off of the short-term financial assets will impact the 2014 consolidated and standalone gross profit as well as the total assets presented in the Trakcja Group’s consolidated balance sheet and in the standalone balance sheet of Trakcja PRKiI S.A as at 31 December 2014.

Legal grounds:

Article 56 paragraph 1 item 1 of the Act of 29 July 2005 for Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (consolidated text: Journal of Laws of 2013, item 1382).