Decision of the Management Board on the approval of a loan agreement with Bank BGŻ BNP Paribas S.A.

The Management Board of Grupa Kęty S.A. hereby informs that on 26 June 2018, by adopting a resolution, the Company approved of the terms of the loan agreement as proposed by the Bank with Bank BGŻ BNP Paribas S.A. for the amount of 300 million PLN for the period of 36 months. The party to the agreement, apart from Grupa Kęty S.A., are the following subsidiaries: Alupol Packaging S.A., Alupol Packaging Kęty Sp. z o. o., Alupol Films Sp. z o.o., ROMB  S.A., Aluprof S.A. The said entities will be jointly and severally liable for the obligations arising from the agreement (up to the maximum loan limits established for each of them).

The loan is to be used to finance the current operations of the companies. The loan will be secured with blank promissory notes with promissory note agreements of each borrower. The loan may be used in PLN, EUR or USD. The interest rate on the loan is variable and equals Wibor 3M Euribor 3M LIBOR 3M base rate for USD plus the bank’s margin.