40/2015 - Information on conclusion of a material agreement

The Management Board of Trakcja PRKiI S.A. (the "Company") hereby announces that today the Company was informed about the mutual signing with HSBC Bank Polska S.A. ("the Bank") of an amendment to the Agreement for a guarantee facility amounting to 70,000,000.00 (say: seventy million zloty) hereinafter referred to as "the Agreement". Before signing the amendment, the amount of the guarantee facility was PLN 40,000,000.00 (say: forty million zloty).

The availability period of the bank guarantee: until 4 February 2016.

Collaterals:

1. assignment to the Bank of claims under commercial contracts concluded by the Company,

2. security deposit,

3. Company's declaration of voluntary submission to enforcement pursuant to art. 96 and Art. 97 of the Banking Law (Journal of Laws No. 140, item 939, as amended).

Other terms of the Agreement do not differ from contractual terms that are usually used for this type of agreement.

The criterion for deeming the Agreement a material agreement was the fact that the value of the Agreement exceeded 10% of Company's equity capital.

Legal basis for the report:

Section 5 paragraph 1 subparagraph 3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing information required by laws of non-member states as equivalent.