Current reports

Current reports

Current reports

Current report no. 21/2016

Release of the unused amount of the credit for the modernization of units 1-4 in Pątnów

Legal basis:

Art. 56 section 1 point 2 of the Public Offering Act – Current and periodic information

Contents of the report:

In reference to the current report no. 33/2015 of 8 December 2015 and the current report no. 16/2016 of 10 May 2016 on the arrangements concluded between Zespół Elektrowni Pątnów-Adamów-Konin S.A. (“Company”) and a consortium of banks consisting of: mBank S.A., Bank Gospodarstwa Krajowego, Bank Millennium S.A., Bank Polska Kasa Opieki S.A. and Powszechna Kasa Oszczędności Bank Polski S.A. (“Consortium,” “Lenders”) of the credit agreement in the amount of PLN 1,200 million (“Agreement”, “Credit”), the Company informs that on 31 May 2016, the Company received the approval of the Consortium to extend the waiver to exercise the rights Lenders arising from the default schedule of commencement of modernization works on units 3 and 4 to 30 June 2016, ie. to the set the date of the Consortium to sign an annex to the Agreement.

Legal basis: § 5. 1 item 3 of the Decree of the Minister of Finance dated 19 February 2009 on current and periodic information provided by issuers of securities and conditions for recognizing as equivalent to the information required by the law of a non-member state.

Signatures of persons representing the company:

Adrian Kaźmierczak – Vice President of the Management Board

Adam Kłapszta – Vice President of the Management Board