24/2023 – Information on the Conclusion of a Cash Pooling Agreement

The Management Board of Trakcja S.A. [“Company”, “Issuer”] informs that on June 5, 2023, in the late evening hours, it was notified of the completion of the process of signing agreements related to internal group financing. This includes an agreement between companies within the PKP Polskie Linie Kolejowe [“Group”] for the provision of a cash pooling system [“cash pooling”], as well as an agreement between the Group companies, the Issuer, and the Bank – Powszechna Kasa Oszczędności Bank Polski S.A. based in Warsaw, for the organization of actual cash pooling [“Bank Agreement”]. The concluded agreements aim to enable participants to effectively finance their current working capital needs.

Parties to the Cash Pooling Agreement:

• The Issuer, acting as the Agent of the agreement.
• PKP Polskie Linie Kolejowe S.A., based in Warsaw (“PLK”).
• Participants: Zakład Robót Komunikacyjnych – DOM sp. z o.o. based in Poznań, Pomorskie Przedsiębiorstwo Mechaniczno-Torowe sp. z o.o. based in Gdańsk, Przedsiębiorstwo Napraw i Utrzymania Infrastruktury Kolejowej w Krakowie sp. z o.o. based in Kraków, Dolnośląskie Przedsiębiorstwo Napraw Infrastruktury Komunikacyjnej DOLKOM sp. z o.o. based in Wrocław.

Terms and Conditions:

• Value of the Agreement: PLN 100 million – the total amount that Participants will deposit into bank accounts under the Agreement.
• Duration: The Agreement is set for a fixed term until June 30, 2024, with the possibility of extension for an additional 12 months upon mutual consent of the parties.
• Collateral: For each Participant, PLK has provided a security in the form of a blank promissory note with a promissory note declaration. PLK will receive a monthly fee from the Company for providing this security.
• Interest Rates: Interest will be charged based on WIBOR 1M for the capital used by the Company.

Bank Agreement:

• Regulates the organization of the common financial liquidity management and is in effect for the same period as the Cash Pooling Agreement.

The Company reports the conclusion of these agreements as they will significantly impact financial liquidity management.

Legal Basis: Article 17 MAR