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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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Current report 4/2017 Conclusion of the Interest Rate Swap transaction by Suwary S.A.

The Management Board of Suwary S.A. (“Company”) announces that on this day, in connection to the signing of a credit in PLN currency with No. WAR/3060/16/316/CB (“Agreement”) with Bank BGŻ BNP Paribas S.A. (“Bank”) (RB 25/2016 dated on 12.12.2016 and RB 25/2016K dated on 19.12.2016), the Company concluded with the Bank the Interest Rate Swap (IRS) transaction (“Transaction”).

The subject of the Transaction is change from the payment of interest based on a variable interest rate WIBOR 3M to the payment of interest based on a fixed interest rate of 2.74%. The transaction was concluded in the total amount of PLN 22,229 thousand. Transaction will commence on 06.02.2017 and end on 31.12.2023.

For the remainder terms of the Transaction, the provisions of the Agreement shall apply.

Terms of the signed Transaction do not differ from those commonly used for such agreements.

The purpose of the IRS transaction is the security of future interest payments against the risk of rising interest rates.

2017-01-20

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