37/2024 – Continuation of Long-Term Financing Agreements Until December 31, 2024

The Management Board of Trakcja S.A. (the “Company”, the “Issuer”) informs that on June 26, 2024, the Company received confirmation from the Security Agent that the Issuer has met all conditions stipulated in the financing agreements, which ensures the continuation of financing until December 31, 2024.

The conditions set forth in the financing documentation, which ensured the continuation of financing until December 31, 2024, are as follows: a) Receipt of at least PLN 300,000,000.00 by June 30, 2024, from settlement agreements in mediation processes related to contracts executed for PKP Polskie Linie Kolejowe S.A. (“PLK”) as the contracting authority, b) Extension of the payment deadline for PLK’s recourse claims related to the cash pool agreement and extension of the validity period of cash pool documents until June 30, 2025, c) Extension of the redemption date for subordinated bonds Series G until January 31, 2026, and extension of the redemption date for convertible bonds Series F until December 31, 2024, d) Convening a general meeting of the Company before June 30, 2024, to adopt a resolution concerning the capitalization of the Company by PLK through an increase in the Company’s share capital by PLN 100,000,000.00.

The Company presents below the main conditions that, if fulfilled by December 31, 2024, will ensure the extension of the financing period until December 31, 2025: a) Execution of the share subscription agreement and payment of the capital no later than December 17, 2024, in connection with the capitalization of the Company by at least PLN 100,000,000.00, b) Extension of the payment deadline for PLK’s recourse claims related to the cash pool agreement by an additional twelve months, i.e., until June 30, 2026, and extension of the validity period of cash pool documents whose validity would expire before June 30, 2026, at least until that date, c) Extension of the redemption date for convertible bonds Series F by an additional twelve months, i.e., until December 31, 2025, or their conversion into shares of the Company.

Legal Basis: Art. 17 MAR