Subject :

Changing of the credit agreement in the current account with Bank Millennium SA

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 point 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 6th December of 2010 between the Issuer and the Bank Millennium SA based in Warsaw, was included an annex to the agreement on overdraft from 16th September 2008.

Under the provisions of this Annex, the limit of the credit line was increased from PLN 12 000 000 to PLN 17 000 000 and extended the deadline for repayment until December 1, 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. (Current Report 15/2009).

Other conditions do not deviate from the standard, generally accepted for this type of loan agreements. The agreement was considered significant because of the value of the contract, which exceeds 10% of the equity of the Issuer.