Announcement.

VISTAL GDYNIA SA (23/2017) Conclusion of an annex to the agreement with Bank Gospodarstwa Krajowego SA

The Board of Vistal Gdynia S.A. ("Company") informs that on August 16, 2017, it became aware of the Company's annex to the Multi-product Agreement Agreement signed with Bank Gospodarstwa Krajowego SA. ("Bank") on November 7, 2016 (the "Multi-purpose Agreement"), subject to the following conditions: 1. until November 6, 2017 the amount of the maximum revolving credit facility made available under the Multi-purpose Agreement will amount to PLN 20,000,000.00 (in words: twenty million zlotys and 00/100) and may be performed by the Company in the form of: a. revolving working capital loans in the loan account up to PLN 20,000,000.00 (in words: twenty million zlotys); b. guarantee line up to PLN 20,000,000.00 (in words: twenty million zlotys); c. letters of credit up to PLN 20,000,000.00 (in words: twenty million zlotys). Total exposure due to the above-mentioned forms of crediting may not exceed PLN 20,000,000.00 (in words: twenty million zlotys). 2. from 07 November 2017 to 31 December 2017, the credit limit made available under the multi-purpose Agreement will amount to PLN 5.145.000,00 (in words: five million one hundred and forty five thousand zlotys and 00/100) and will be non-renewable. The security terms of the Multi-purpose Agreement and the other terms of the Multi-purpose Agreement have not been substantially changed. The remaining provisions of the multipurpose Agreement do not differ significantly from the provisions typical for this type of loan agreements. The contract exceeds 10% of the Company's equity and thus meets the criterion of a significant contract. On August 16, 2017, the total amount of credit and settlement limits as concluded by the Company with the Bank is PLN 21,400,000.00 (say: twenty one million four hundred thousand zlotys and 00/100).

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Company information
Company name:Vistal Gdynia SA
ISIN:PLVTLGD00010
NIP:5830003993
Adress: ul. Hutnicza 40 81-061 Gdynia
Phone:+48 58 7833704
website:www.vistal.pl

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