Conclusion of an annex to the credit agreement by the Issuer's subsidiary

(Current Report no. 51/2018)

16.11.2018 /Issuer/

Legal basis:
Article 17 item 1 of MAR - confidential information

The Management Board of CCC S.A. (hereinafter: the Issuer) hereby informs that today, i.e. 16 November 2018, the subsidiary of the Issuer, eobuwie.pl S.A. (hereinafter: the Company) with its registered office in Zielona Góra, received an annex signed on 16 November 2018 to a multi-purpose loan limit agreement as of 26 October 2017 with Bank Polska Kasa Opieki Spółka Akcyjna (hereinafter: the Bank) with its registered office in Warsaw at 53/57 Grzybowska Street.

This annex increased the credit limit up to a total of PLN 160,000,000.00, in words: one hundred and sixty million zlotys, 00/100 (the previous value of PLN 60,000,000.00), under which the Bank granted the Company a limit in the form of an overdraft facility to the total amount not exceeding 150,000,000.00 PLN (previous value: 40,000,000.00 PLN) and in the form of bank guarantees and letters of credit up to a total amount not exceeding PLN 20,000,000.00.

The limit has been extended until 31 October 2019.

The agreement is secured by, among other things: contractual mortgage up to PLN 160,000,000.00 on a land plot located in Zielona Góra, for which the District Court in Zielona Góra, keeps a land and mortgage register number KW ZG1E/00118850/9, owned by eobuwie.pl Logistics Sp. z o.o. (a subsidiary of the Company) and a registered pledge on the Company's finished goods inventory with a value of at least PLN 160,000,000.00 (the highest security amount of 120% of the limit amount).

Other conditions do not differ from those commonly used for this type of agreements.

The Issuer's Management Board decided to publish the aforementioned information due to the significant value of contracts concluded by the CCC Group with the Bank.

Total maximum exposure of Bank Polska Kasa Opieki S.A. CCC Group may increase from PLN 573,975,000 to PLN 673,975,000.