POLISH FINANCIAL SUPERVISION AUTHORITY

Current Report No 93/2016

Made on 2016-09-29

The issuer's name Magellan S.A.

Subject Entering into an important credit agreement

Legal grounds Art. 17 title 1 of MAR - confidential information

Report content:

Magellan S.A. Management Board hereby informs that on 29 September 2016 the Company signed the credit agreement with ING Bank Śląski S.A. located in Katowice for the amount of PLN 200 million. The credit line consists of:

  • overdraft facility in the amount of PLN 100 million available within 12 months,

  • revolving loan in the amount of PLN 100 million available as:

    • annual crediting - up to a maximum amount of PLN 100 million,

    • two-year crediting - up to a maximum amount of PLN 100 million,

    • three-year crediting - up to a maximum amount of PLN 50 million.

The credit is aimed at financing of the Company's current operations. The interest rate of the credit was calculated based on rates tailored to the maturity of used credit line (1M WIBOR, 3M WIBOR or 6M WIBOR + the bank's margin).

The credit line is available until 31 October 2027 with the possibility of closing the line on each anniversary of the signing of the agreement on the basis of statements of the Company or the Bank.

Other significant conditions of the agreement do not differ from the market standards used in this type of contracts.

Vice-President, Management Board Member, Management Board

Grzegorz Grabowicz Rafał Karnowski

Magellan SA published this content on 29 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2016 13:49:04 UTC.

Original documenthttp://www.magellansa.pl/Portals/1/Files/Raporty/Raporty biezace/EN/2016/093_Umowa_kredytowa_ENG.pdf

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