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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 43/2017 Conclusion of the master agreement

The Management Board of Suwary S.A. (The Issuer) informs that on this 29.09.2017, a master agreement was concluded by and between the Issuer and subsidiary Suwary Development Sp. z o.o. (Lender). The subject matter of the agreement id granting the Issuer a loan up to the total amount of PLN 9 million.

The funds from the loan shall be intended and used for financing the current business activity of Suwary S.A. The interest rate is WIBOR 1M annually increased by the margin of the Lender.   The agreement does not cover the collaterals and contractual penalties the maximum amount of which would extend the equivalent of 10% of its value.

The entire loan shall be repaid not later than within 5 years from signing the agreement.

Pursuant to § 20 sec. 2 points 12 and 13 of the Articles of Association, the Supervisory Board of the Issuer gave its consent to take a loan. The consent of the Supervisory Board for the amount indicated covers the already taken and not repaid loans, as of the day of making the decision, from Suwary Development Sp. z o.o.

2017-09-29

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