19/2019 - Conclusion of annexes to the bridge financing documentation

In reference to the current report of the company Trakcja PRKiI S.A. ("Company") No. 12/2019 dated 13 June 2019 regarding concluding bridging financing agreements, the Management Board of the Company informs that on June 21, 2019, the Company signed:

1. an annex to the loan agreement concluded on 13 June 2019 (‘Loan Agreement’) between the Company and its subsidiaries, ie: Bahn Technik Wrocław sp. z oo, PRK 7 Nieruchomości sp. z o. o., Przedsiębiorstwo Drogowo Mostowe BIAŁYSTOK SA, Przedsiębiorstwo Produkcyjno - Usługowe "DALBA" sp. z o. o. (‘Related Entities’), mBank S.A. and Credit Agricole Bank Polska S.A. (‘Annex to the Loan Agreement’), according to which, among others:

1. the period of access to the working capital loan has been extended until June 26, 2019 (inclusive);
2. the period of making each of the guarantee lines available has been extended until June 26, 2019 (inclusive);

however, after the conditions precedent set out in the Annex to the Loan Agreement (‘Conditions Suspending the Loan Agreement’) are met:

1. the period of access to the working capital loan will be extended until July 29, 2019 (inclusive);
2. the period of making each of the guarantee lines available will be extended until July 29, 2019 (inclusive); and
3. the repayment date of the working capital loan will be changed on July 30, 2019.

The Conditions Suspending the Loan Agreement include postponing the loan repayment date resulting from the loan agreement concluded by the Company on June 13 this year and making changes to the agreement between the Company's creditors dated June 13 this year, about the conclusion which the Company announced in the current report No. 12/2019.

2. an annex to the agreement on the unification of selected terms and conditions of guarantee agreements and surety agreement dated 13 June 2019 (‘Agreement’) between the Company, Related Entities, AXA Ubezpieczenia Towarzystwo Ubezpieczeń i Reasekuracji SA, Credendo - Excess & Surety Societe Anonyme, operating in Poland through Credendo - Excess & Surety Spółka Akcyjna Branch in Poland, Generali Towarzystwo Ubezpieczeń SA, Korporacja Ubezpieczeń Kredytów Eksportowych SA, Sopockie Towarzystwo Ubezpieczeń ERGO Hestia SA, and Powszechny Zakład Ubezpieczeń SA and UNIQA Towarzystwo Ubezpieczeń S.A. (‘Annex to the Agreement’), according to which, inter alia, the period of availability of guarantee lines has been extended until June 26, 2019 (inclusive).

In addition to the above changes, no material provisions of the Loan Agreement and the Agreement have undergone significant changes.

Legal basis:

Art. 17 para. 1 MAR