Alma – delicatessen

Significant agreements

Report number: 15/2014   Report created: 2014-12-22  

The Management Board of Alma Market SA (the "Company") hereby announces that today the Company has received the signed working capital loan agreement dated December 19, 2014 with the amount of PLN 7,5 million, which was signed with BRE Bank SA with its seat in Warszawa (the "Bank"). As a result, the amount of all contracts concluded with 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, which was concluded with the Bank within last 12 months, is an Annex no 7 dated August 28, 2014 to the working capital loan agreement of February 5, 2009 with the amount of PLN 12 million. The loan bears interest at a variable interest rate on interbank loans WIBOR for 1-month in PLN 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. An Annex extended the loan repayment period to August 20, 2015.

The value of all contracts concluded with the Bank in the last 12 months by the Company and subsidiary companies is PLN 28.2 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.