The Management Board of ELEKTROBUDOWA SA ("the Company"), informs that on 9 November 2016 the Company received from Haitong Bank S.A. Branch in Poland ("Bank") a bilaterally signed framework agreement on a multi-purpose credit line facility ("Agreement").

Under the Agreement the Company can request the Bank to issue contract guarantees up to the aggregate amount of PLN 70m, including bid bonds, performance bonds, warranty bonds and other guarantees to secure claims arising from trade contracts entered into by the Company.

The Agreement was concluded on 31 October 2017.

As security of fulfilling the obligations arising from the Agreement, ELEKTROBUDOWA SA shall provide a declaration of submission to enforcement pursuant to Art. 777 Clause 1.5) of the Polish Civil Procedure Code up to the amount of PLN 84m.

The other terms of the Agreement are typical for agreements of this type and have been agreed on an arm's length basis.

Legal basis
Art. 17.1 MAR -inside information

The Company's authorized representatives:
Paweł Skrzypczak, Vice President
Jan Wilk, Commercial Proxy (Prokurent)

Elektrobudowa SA published this content on 09 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 November 2016 08:43:09 UTC.

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