Current Report 32/2012

Subject:

Conclusion of Annex to the Credit Agreement  with BRE Bank S.A.  

Legal Basis:

Art. 56 sec. 1 point 2 Act on Public Offering – current and periodical information

Contents of the report:

The Management Board of the Issuer hereby announces that on 23 November 2012 URSUS S.A. concluded with BRE Bank S.A. with the seat in Warsaw the Annex to the cooperation agreement in which URSUS S.A. was granted a line of credit for financing its current activity. The Issuer informed about the agreement to which the annex was concluded in the current report no. 34/2011 of 24 November 2011 and the current report no. 35/2011 of 1 December 2012. Pursuant to the provisions of the above mentioned annex, the expiry date of the credit agreement was extended till 22 November 2013. The credit repayment guarantee and financial conditions of the credit remain unchanged. The total maximum amount of the granted credit is as so far 14.000.000 PLN. To the above agreement the implementing agreements were concluded (which replaced the previous ones) specifying the use of the credit, i.e.  multicurrency overdraft facility agreement, working capital credit agreement in PLN and working capital credit agreement in EUR. 

Other provisions of the concluded agreements do not differ from the standard terms commonly used in this kind of credit agreements.

The agreement of cooperation together with three implementing agreements are considered material due to the fact that the total amount of the agreement exceeds 10% of the Issuer’s equity.

The legal grounds of transmission of the present report are § 5 sec. 1 point 3 in connection with § 9 the Regulation of the Minister of Finance dated 19 February 2009 regarding current and interim reports published by issuers of securities and the terms of finding as equivalent the information required under the laws of any non-member state (Journal of Laws, 2009 No 33, point 259 with subsequent changes).