RB 3/2018 
Date: 15 January 2018
Subject: Conclusion with Bank Zachodni WBK S.A. of an annex to the agreement for a limit for the bank guarantees
Legal basis: Art. 17 item 1 MAR – inside information 

The Management Board of Benefit Systems S.A., with its registered seat in Warsaw (hereinafter, the ‘Company’), with reference to current report 17/2011 of 26 April 2017, informs about receiving an annex dated 15 January 2018 to the agreement dated 2 April 2012 for bank guarantee limit signed by Bank Zachodni WBK S.A. with its registered seat in Wrocław (hereinafter the ‘Bank’). 

The subject matter of the annex consists of the change of the amount of the Bank's commitment to provide guarantee on the basis of the Company’s order/instruction up to the amount of PLN 38 000 000.

In connection with the aforesaid annex, the Company is obliged to make a statement on submission to court execution procedure pursuant to Article 777 § 1 Item 5) of the Polish Code of Civil Procedure up to PLN 118 500 000 (which also includes the claims arising from the agreement of 18 July 2012 for a multi-purpose and multi-currency credit line), whereby the Bank will be able to apply for attaching a writ of execution to the notarial deed (i.e. the enforcement title) in until 30 April 2025.

In the remaining scope, the annex contains provisions typical of such contracts.

There are no links between the Company and the Bank. Furthermore, there are no links between the persons managing or supervising the Company and the persons managing or supervising the Bank.