MARVIPOL DEVELOPMENT SA (8/2018) Information on the commencement of the implementation of the warehouse project in the West Pomeranian Voivodeship

In reference to Current Report No. 3/2017 regarding the signing of letters of intent regarding the implementation of subsequent warehouse projects, including a project located in the West Pomeranian Voivodeship, the Management Board of Marvipol Development S.A. with its registered office in Warsaw (Issuer) informs about signing on 19 February 2018 a package of documents regarding the implementation and financing of the investment project consisting in the construction of storage buildings, based on real estate located in the West Pomeranian Voivodeship (Project). documents company PDC Industrial Center 84 Sp. z o.o. with its registered office in Warsaw (Special Purpose Vehicle), which is a joint venture of Marvipol Logistics S.A. - a subsidiary of the Issuer and PG Dutch Holding I B.V. (a company incorporated under Dutch law) signed with Panattoni Development Europe Sp. z o.o. (Panattoni, Developer), among others a development contract (Agreement) regarding the implementation of the Project. Pursuant to the Agreement, the Special Purpose Vehicle requested the Developer to coordinate and monitor work related to the Project, including the selection of the General Contractor, with which the Special Purpose Vehicle will conclude a construction contract. The contract was concluded subject to a condition precedent, which is the purchase by the SPV of the real estate on which the Project is to be completed. In addition, the Issuer explains that the implementation of the Project requires obtaining the necessary administrative permits. In addition, today, in connection with the implementation of the Project, Marvipol Logistics S.A. has concluded a loan agreement with the SPV on the basis of which it will grant the SPE a loan in the amount of 8,837.5 thous. EUR for the purchase of real estate on which the Project is to be implemented. The loan will be granted on terms that do not differ from the terms commonly used for this type of contracts.

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

Company information
Company name:Marvipol SA
Adress: ul. Prosta 32 00-838 Warszawa
Phone:+48 22 5365000

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