41/2019 – Conclusion of an annex to the agreement between creditors

In reference to the current report of the company Trakcja PRKiI S.A. (‘Company’) No. 12/2019 dated 13 June 2019 regarding the conclusion of agreements regarding bridging financing, No. 19/2019 dated 21 June 2019 and No.20/2019 dated 24 June 2019, regarding the conclusion of annexes to the financing documentation, current report of the Company No. 20/2019 of June 26, 2019 regarding the correction of the current report No. 20/2019 dated June 24, 2019, No. 24/2019 dated 27 June 2019 on the conclusion of an annex to the agreement between creditors, No. 32/2019 dated 30 July 2019 on the conclusion of an annex to the loan agreement and No. 33/2019 dated 30 July 2019 on the conclusion of annexes to the documentation regarding bridge financing, The Company’s Management Board was informed today that on August 29, 2019, an annex to the agreement between creditors concluded on June 13, 2019 (‘Agreement Between Creditors’) between: the Company and its subsidiaries, i.e.: Bahn Technik Wrocław sp. z o.o., PRK 7 Nieruchomości sp. z o.o., Przedsiębiorstwo Drogowo Mostowe BIAŁYSTOK S.A., Przedsiębiorstwo Produkcyjno – Usługowe “DALBA” sp. z o.o., mBank S.A., Credit Agricole Bank Polska S.A., Bank Polska Kasa Opieki S.A., AXA Ubezpieczenia Towarzystwo Ubezpieczeń i Reasekuracji S.A., Credendo – Excess & Surety Societe Anonyme, operating in Poland through Credendo – Excess & Surety S.A. branch in Poland, Sopockie Towarzystwo Ubezpieczeń ERGO Hestia S.A., Korporacja Ubezpieczeń Kredytów Eksportowych S.A., Generali Towarzystwo Ubezpieczeń S.A., Powszechny Zakład Ubezpieczeń S.A., UNIQA Towarzystwo Ubezpieczeń S.A. and COMSA, S.A.U. („Annex to the Agreement between Creditors”) And annexed on June 27, 2019 (as reported by the Company in current report No. 24/2019) and July 30, 2019 (as reported by the Company in current report No. 33/2019).

Pursuant to the Annex to the Inter-Creditors Agreement, the period of cooperation of entities being parties to the Inter-Creditors Agreement was extended until September 27, 2019.

At the same time, the signing of the Annex to the Agreement between Creditors was a condition precedent set out in the annex to the loan agreement, of which the Company informed in current report No. 40/2019.

Apart from the above changes, no significant provisions of the Intercreditor Agreement have changed.

Legal basis:

Art. 17 para. 1 MAR