29.05.2015

Conclusion of an annex to the loan agreement with Pekao SA

On 29 May 2015 the Management Board was informed about signing by Bank Pekao SA of an addendum to the loan agreement for a multi-purpose credit limit in the amount of PLN 10,000,000.00, which extends until 30 June 2016 present term of the loan agreement concluded between Stalprofil and Pekao S.A. That loan is intended to finance current operations of the Company.

Established by Stalprofil SA protection of bank liabilities due to the granted credit limit, with a registered pledge on the Company's owned stocks of steel products, has not changed in relation to information given in the Current report 15/2014 dated 03.06.2014. The value of the pledge reflected in the accounts of the Company as at the date of an annex to the contract amounts to PLN 11,264,820.46.

The value of the assets on which pledge was established is higher than expressed in PLN EUR 1,000,000, translated at the average exchange rate announced by the Polish National Bank. There are no links between the issuer and the persons managing or supervising the issuer and the Bank for which the registered pledge.