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GENERAL MEETING

THE SUWARY SPÓŁKA AKCYJNA MANAGEMENT BOARD NOTICE OF CONVENING AN ORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD AT 1 PM, ON MARCH 8, 2017 IN PABIANICE, PIOTRA SKARGI 45/47

15.02.2017

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GROUP COMPANIES

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Current report 22/2011 Concluding a significant agreement

The Management Board of Suwary informs that on June 8th 2011 the Company concluded a credit agreement for an investment credit in PLN with BRE Bank Spółka Akcyjna. The total value of the agreement amounts to PLN 12 500 000 (twelve million five hundred thousand złotys). The cash from the credit will be allocated to and applied for the funding of the acquisition of 88 shares in Kartpol Sp z o.o. The information on the acquisition and the terms of payment for Kartpol Group Sp z o.o. shares was published in CR 42/2010 dated September 20th 2010. The agreement will be valid for 5 years. The interest rate will be equal to the WIBOR variable interest rate for monthly deposits in PLN as quoted 2 working days prior to the date of drawdown and before each next interest rate period increased by the Bank margin. The credit will be secured by: - blank promissory note with a blank promissory note agreement - registered pledge on 88 shares in Kartpol Group So z o.o. - declaration of a voluntary submission to enforcement based on the bank enforcement title The remaining terms and conditions do not diverge from market standards applicable for this type of agreements. The criterion for recognizing the agreement as significant is the amount of Suwary S.A. equity.

2011-06-09

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