Alma – delicatessen

Establishment of security on assets of significant value

Report number: RB O7/2015   Report created: 2015-11-19  

Alma Market S.A. with headquarter in Kraków („the Company”) hereby announces that on 19th November 2015 it received the notification concerning establishment of contractual mortgage security to the amount of PLN 30 mln on property owned by Kraków1-AM1 Spółka z ograniczoną odpowiedzialnością sp.k. which is a subsidiary (“the Subsidiary”) of the Company. Mortgage was established due to the annex to the contract for financing in the amount of PLN 20 million concluded on 28 August 2015 between the Company and Bank Zachodni WBK S.A. based in Wrocław (“the Bank”).

Subject of the mortgage includes the right of perpetual usufruct of land situated in Kraków together with the ownership of buildings and structures erected on the property.

According to existing knowledge, between the Company and the Subsidiary and the persons that manage and supervise, and the Bank and its directors and supervisors of the Bank in favor of whom the mortgage is established, there are no connections, besides agreements on cooperation in the use of a bank account, loan and guarantee bank.

The criterion for recognizing assets as assets of significant value is the value of the property exceeds 10% of the equity of Alma Market S.A.