FACTORY OF PAIN AND PAINTS ŚNIEŻKA SA (22/2018) Annex to the credit agreement with Bank Polska Kasa Opieki S.A.

The Management Board of Fabryka Farb i Lakierów Śnieżka SA (hereinafter: "Issuer") informs that on December 17, 2018, it concluded with Bank Polska Kasa Opieki S.A. with its registered office in Warsaw, annex No. 13 to the Loan Agreement No. 12/2006 / T for a multi-purpose multi-currency line dated June 22, 2006 (hereinafter referred to as "Annex").
Under this annex:
a) the existing loan amount has been increased from PLN 50,000,000.00 to PLN 75,000,000.00,
b) the existing sublimit amount has been increased for a fixed tranche credit facilities in PLN and in an additional EUR currency from PLN 20,000,000.00 to PLN 65,000,000.00,
c) the loan will be available for the period from the loan availability date until December 18, 2023.
To increase the credit line is to obtain funding for the Issuer's investment activity in 2019.
From the amount of overdraft used, the Bank collects interest according to a variable interest rate, calculated on the basis of the WIBOR 1M rate and the Bank's margin.
The loan security was based on: registered pledge on movable property owned by the Issuer together with assignment of rights under the insurance policy, joint contractual mortgage on the Issuer's property located in Pustków along with the assignment of rights under the insurance policy and power of attorney to the Issuer's bank accounts at Bank Polska Kasa care SA
The other provisions of the Annex do not differ from those commonly used for this type of contracts.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Fabryka Farb i Lakierów Śnieżka SA
Adress: Lubzina 34A 39-102 Lubzina
Phone:+48 14 6811111

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