Current Report No. 11/2012

Change in the significant agreement (Current report 11/2012)

29.02.2012 /The Issuer/

Legal basis:

Art. 56(1)(2) Act on Public Offering – current and term information

The Board of the NG2 SA announces that on 28 February 2012, the Company received the signed copy of the annex to the agreement of 27 February 2012 to a loan on the current account dated 23 December 2009 concluded with the BRE Bank S.A. with the registered office in Warszawa, ul. Senatorska 18. The Company informed about the conclusion of the above agreement in the current report No 2/2010 on 8 January 2010. 

The present annex changed the amount of credit. The credit agreement was found in the current account value of the loan for the amount of PLN 55.000.000,00 (55.0 million PLN). The term loan is unchanged and will be until 3 January 2013.The interest rate from the amount in question shall be charged according to the varying WIBOR interest rate increased by the bank’s commission. 

The collateral for the credit in the current account is a mortgage for an amount up to PLN 82,500,000.00 (82.5 million PLN), at the Issuer property (No. 83/32, 83/33, 83/37, 83/38 and 86/2) with an area of 6,2 ha located in Polkowice, ul. Strefowa, for which the District count in Lubin registers are carried out: KW LE1U/00040132/0 (No. 83/32), KW LE1U/00058454/2 (No. 83/38), KW LE1U/00065874/4 quarters (83/33, 83/37 and 86/2) and issued blank promissory note. Mortgage occurs when a court order for entry mortgage the land register kept for the property. 

The book value of assets owned by the Issuer on which the mortgage was established amounts PLN 12.182.425,94. at 31 January 2012. 

Furthermore, in accordance with § 7.5. of the Regulation of the Minister of Finance dated 19.02.2009 on current and periodic (..) The Board NG2 indicates that between the Issuer and the managing or supervising persons of the Issuer, and the entity to whom the pledge is established and the people managing it, there are no ties.

Other provisions of the agreement have not materially changed and do not differ from the market terms for this type of contract. The criterion for considering the agreement as significant is the amount of equity.

The involvement of the BRE Bank in lending for NG2 SA amounts PLN 96.640.000,00.



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