SFINKS POLSKA SA (15/2018) Establishment of collateral at the Sfinks Polska S.A.

In reference to current reports regarding cooperation between Sfinks Polska S.A. ("Company", "Issuer") and Bank Ochrony Środowiska S.A. ("Bank", "BOŚ"), including in particular current report No. 10/2018 regarding the conclusion of annexes to the Loan Agreement and the Guarantee Facility Agreement with BOŚ, the Issuer's Management Board informs that on 23 February 2018 it concluded with Bank Ochrony Środowiska ARE agreements for the establishment of a registered pledge on the movable property of the enterprise (Agreement). The contract was concluded in connection with the annex to the Non-Revolving Credit Agreement signed on February 6, 2018 in order to secure BOŚ SA's claim. towards the Company due to the above-mentioned loan agreement, as reported by the Company in the current report referred to at the beginning. The subject of the Agreement is the establishment of a registered pledge for BOŚ, with the highest priority to satisfy, on the movable property of the Company's enterprise which includes all movable and transferable receivables and rights (pledge by registration). The highest security amount is approx. PLN 122.6 million. Pursuant to the Agreement, the registered pledge will charge the subject of the pledge by the date of full repayment of the Bank's receivables, including interest and other costs resulting from the above-mentioned. During the period of its duration, the subject of the pledge will remain in the possession and disposal of the Company. In the remaining scope, the provisions of the Agreement 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:Sfinks Polska SA
Adress: ul. Świętojańska 5a 05-500 Piaseczno
Phone:+48 22 7027101

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