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Current Report no 4 / 2013

Annex to an agreement on granting a line for opening own letters of credit with a possibility of financing from a working capital credit

Legal basis

Article 56 section 1 point 2 of the Act on Public Offering - current and periodic information

Report content:

The Management Board of FOTA S.A. (the Borrower, the Issuer) hereby informs that it has received an annex, signed by Bank Zachodni WBK S.A. (the Bank) with its registered office in Wrocław, to the agreement of 1st April 2010 on granting a line for opening own letters of credit with a possibility of financing from a renewable working capital credit (the Agreement).

Bank Zachodni WBK S.A. with its registered office in Wrocław is the legal successor of Kredyt Bank S.A. with its registered office in Warsaw, which was previously a party to the Agreement.

The Annex is dated as of 26th February 2013.

Pursuant to the provisions of the Annex, the Bank shall grant to the Borrower a line for opening own letters of credit until 15th December 2013 and the term of the line until 31st July 2014 with a possibility of financing from a renewable working capital credit in the amount of USD 3,000,000.00 (three million American dollars) with the final repayment date on 30th July 2014. Other significant terms and conditions of the Agreement, about which the Issuer informed in current reports 8/2010 (7.04.2010), 3/2011 (16.02.2011), 26/2011 (29.12.2011), have remained unchained. The aim of the Agreement is to finance the import of goods.

The criterion for considering the Agreement as a significant one is the fact that, within the last 12 months, the Borrower and the Bank have entered into agreements the total value of which exceeds 10% of the Issuer's own capitals.

The total basic limit of the Borrower available as a part of the Agreement amounts to USD 3,000,000.00 (three million American dollars), while its equivalent, calculated in accordance with the average exchange rate announced by the National Bank of Poland and applicable on the date of entering into the Annex, amounts to PLN 9,519,900.00 (nine million five hundred and nineteen thousand nine hundred Polish zlotys).

The Management Board of FOTA S.A. informs that there are no connections between the Borrower and the Borrower's managing or supervising staff and the Bank.

The report was issued pursuant to § 5 section 1 point 3 and § 9of the resolution of the Minister of Finance of 19th February 2009 on Current and Periodic Information Published by Issuers of Securities and Conditions for Considering the Information Required by the Regulations of a Country not Being a Member State as Equivalent (Journal of Laws No. 33 of 28th February 2009, item 259)

Signatures of the persons representing the Company:
Paweł Gizicki – President of the Management Board
Adrian Smeja – Member of the Management Board

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