Announcement.

DROZAPOL-PROFIL SA (8/2018) Conclusion of the annex to the debt limit agreement and to the factoring agreement with Raiffeisen Bank Polska S.A. by the Issuer and its subsidiary

The Management Board of Drozapol-Profil S.A. (The Issuer) informs that on 05/06/2012. signed with Raiffeisen Bank Polska S.A. (Bank) annex to the debt limit agreement dated 10.06.2010. Under this annex, the contract is extended until 10/10/2019. (day of the final repayment of the limit). The limit includes the following products:
• Revolving loan 1 in PLN / EUR / USD up to PLN 4.0 million,
• Revolving credit 2 in PLN to PLN 4.0 million,
• Reverse factoring to PLN 4.0 million,
• Letters of credit in PLN or other currency up to PLN 15.0 million,
• Bank guarantees in PLN or other currency up to PLN 10.0 million .
The limit is secured by:
• Power of attorney to the current account and other accounts of the borrower at the Bank,
• Blank promissory note with the Borrower's promissory note,
• Capped mortgage up to 4.26 million PLN on the property of the Issuer in Bydgoszcz,
• Total mortgage up to PLN 29.25 million on the Issuer's property in Bydgoszcz,
• Assignment of receivables from property insurance contracts on which the mortgage is established,
• Surety of DP Invest's subsidiary up to PLN 22.5 million,
• Blank promissory note with a promissory note promissory note.
Drozapol-Profil signed today an annex to the factoring agreement dated November 4, 2013, increasing the factoring limit from PLN 3.0 million to PLN 5.0 million. The date of the end of the contract is 09/08/2019. The security for the factoring agreement is the assignment from the insurance policy and a blank promissory note along with a promissory note declaration.
At the same time, the annex to the debt limit agreement of 25/02/2016. has also been signed by a subsidiary company DP Invest Sp. z o.o.
Under this annex, the Bank makes available to the subsidiary until 18/10/2019. (day of the final repayment of the limit) PLN 4.5 million. The limit includes the following products:
• Revolving loan 1 in PLN / EUR / USD up to PLN 4.0 million,
• Letters of credit in PLN or other currency up to PLN 4.0 million,
• Bank guarantees in PLN or other currency up to PLN 4.0 million,
• Reverse factoring to PLN 1.0 million,
• Revolving loan 2 in PLN / EUR / USD up to the amount of 1 PLN 0 million.
The limit is secured by:
• Power of attorney to the current account and other accounts of the borrower,
• Blank promissory note with a promissory note declaration,
• Transfer of existing and future debts to the debtors,
• Assignment of the transport insurance policy (if applicable),
• Assignment of receivables from the property insurance agreement on which the mortgage is established,
• Surety Drozapol-Profil SA up to PLN 6.75 million,
• Blank promissory note with a promissory note,
• Transfer of existing receivables to Drozapol-Profil S.A. due to accepted contracts,
• The mortgages mentioned above regarding the annex signed by Drozapol-Profil S.A. (mortgage entries secure both the contract concluded by the Issuer and the contract concluded by the subsidiary).

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Company information
Company name:Drozapol-Profil SA
ISIN:PLDRZPL00032
NIP:554-00-91-670
Adress: ul. Toruńska 298a 85-880 Bydgoszcz
Phone:+48 52 3260900
website:www.drozapol.pl

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