Alma – delicatessen

Significant agreements

Report number: RB 13/2012   Report created: 2012-09-05  

The Board of Directors of Alma Market SA (the "Company") hereby announces that on day September 5, 2012 the Company has signed an Annex no 1 to the overdraft facility agreement with BRE Bank SA with its seat in Warszawa (the "Bank"). As a result, the amount of all contracts concluded with the the Bank within last 12 months, about which the Company has not previously informed in other current reports, meets the criteria of a significant agreement.

The agreement of the largest value is an Annex no 4 to the working capital loan agreement, concluded on August 20, 2012 with the amount of PLN 12 million. The loan was granted for the period of 12 months, bears interest at a variable interest rate of 1-month WIBOR increased by Bank margin. The loan is secured by blank bill of exchange issued by the Company, together with bill of exchange agreement and a real estate mortgage. Other provisions of the contract does not differ from those commonly used by the Bank for such agreements.

The value of all contracts concluded with the Bank in the last 12 months by the Company and subsidiary companies is PLN 23.3 million.

The criterion for recognizing the contract as a significant is that the total value of contracts concluded with the Bank in last 12 months exceeds 10% of Alma Market SA's equity.