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#Current report 15/2010

Subject:

Change in credit limit in current account with Bank Millennium S.A.

 

Legal Basis:

Article 56 clause 1 point 2 of the Act on Public Offering – Current and Interim Information

 

Contents of the report:

According to § 5 sec. 1 point 1 and 3 of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259, later amended) the Management Board of Issuer informs, that on 25th of June, 2010 POL-MOT Warfama S.A. and Bank Millennium S.A. in Warsaw signed the annex to the credit line agreement for the financing of current operations from the 16th of September 2008.

 

Under the annex, the limit of the credit line was increased from PLN 10.000.000 to PLN 12.000.000. The annex postpones the final credit line maturity date until 22 June 2011. The credit interest rate is changeable and based on One Month WIBOR rate , increased by a bank’s margin.

 

The credit is intended for financing current Issuer activity and secured by a real estate mortgage with insurance policy transfer, in blanco promissory note and permission to debit the current account in Bank Millennium S.A.

 

The remaining terms of the agreement do not differ from market standards applied by banks in agreements of that type.