Current report no. 3/2017 (27.01.2017)

Title:

Conclusion of an annex to the loan agreement with the Industrial Development Agency

Legal basis:

Art. 17 sec. 1 Market Abuse Regulation

Message:

The Management Board of the Issuer hereby informs that on the 27th January 2017 the company URSUS S.A. concluded with the Industrial Development Agency with the seat in Warsaw an annex to the loan agreement of the 29th May 2014, as amended, of which the Issuer informed in the current reports no. 22/2014/2014 and 8/2015.

According to the concluded annex, the amount of the loan granted to the Issuer by ARP S.A., for which the current commitment of URSUS S.A. is 8.980.000 PLN, has been increased by the amount of 5.000.000. PLN.

The Parties agreed the new repayment schedule, according to which the loan capital in the total amount of 13.980.000 PLN shall be repaid in 35 equal monthly installments.

The other provisions of the loan agreement, including the types of security, remain unchanged.