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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 17/2015 Signing an annex to the master agreement

The management board of SUWARY S.A. (the “Company”) informs that yesterday was signed the Annex no. 6 (the “Annex”) to the credit agreement no. 03/079/10/Z/VV for current account overdraft facility in PLN has been received from mBank Spółka Akcyjna (formerly BRE Bank). The annex comes into force on September 10th, 2015  and is extending by another year , i.e. to September 9th, 2016.  Company informed about the agreement  in  Current Report: 40/2010 dated September 14th, 2010 and 38/2011 dated September 14th, 2011; 30/2012 dated  September 12th, 2012; 22/2013 dd. September 13th,2014, 28/2013 dd. October 7th,2013 and 28/2014 dd. September 12th, 2014.  The total value of the annexed agreement amounts to PLN 7 000 000 (seven million). Cash from the credit will be allocated to and used for the current financial operations of Suwary S.A. The interest rate will be equal to the WIBOR variable interest rate for the O/N deposits as of the first business day prior to the date of making the funds available (and prior to the date of the interest rate revaluation) increased by the Bank margin.

 The credit security will be: - blank bill of exchange with a promissory note declaration - pledge by registration on fixed assets of the total inventory value PLN 2.892.892,27 and contractual mortgage up to the amount of 10,000,000.00 PLN (ten million) secured by real properties of the Company:

- land property constituting land plots of registration numbers: 404/1, 404/2, 404/3 situated in a place: Pabianice, KW no. LD1P/00004575/6, (current report no 28/2013 dd. October 7th,2013)

- land property constituting land plots of registration numbers: 402/1, 402/2, 402/3, 402/4 situated in a place: Pabianice, KW no. LD1P/00005744/ (Current report no 28/2013 dd. October 7th,2013)

The other conditions have not been changed in relation to the credit agreement no. 03/079/10/Z/VV for current account overdraft facility in PLN concluded with mBank Spółka Akcyjna (Current report no. 40/2010 of 14.09.2010) and later annexes (Current report 38/2011 of 14.09.2011, Current report 30/2012 of 12.09.2012, Current report 22/2013 of 13.09.2013, Current report no 28/2013 of October 7th,2013 and Current report 28/2014 of 12.09.2014).

The amount of the equity of SUWARY S.A. is the criterion to deem the agreements as the master agreements.

2015-09-11

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