15th Dec 2009 07:00
UNOFFICIAL TRANSLATION
Report 176/2009: Execution of a significant agreement
The Management Board of Bank Polska Kasa Opieki S.A. ("Bank") hereby informs, that on 11 December 2009, Bank signed the agreement with UniCredit Luxembourg S.A. based in Luxembourg (entity from the UniCredit Group) concerning obtaining the right to get funds in the form of loan from UniCredit Luxembourg S.A. for current operating purposes in amount up to 500 000 000 EUR for one year since the date of signing the agreement. The conditions for obtaining funds under the agreement do not differ from the market ones. The interest rate of loan has been established on the basis of EURIBOR rate plus a margin. The agreement does not contain penalty clauses.
This agreement meets the criterions as significant agreement because its value exceeds 10% of the Bank capital.
Legal ground: Paragraph 5.1.3 of the Finance Minister's Ordinance of 19 February 2009 re. current and periodic reports published by the issuers of securities and the rules of equal treatment of the information required by the laws of non-member states ("Ordinance")
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