Repayment of the loan by a subsidiary undertaking of the Issuer

Legal basis

Art. 56.1.2 of the Act on Public Offering - current and periodic information

The Management Board of Rank Progress S.A. (the 'Issuer') reports that on 4 December 2015, a subsidiary undertaking, Progress XXIII Sp. z o.o. (the 'Company', 'Borrower') received information about the repayment of the investment loan taken out by the Company in mBANK S.A. having its registered seat in Warsaw (the 'Bank', 'Lender'), of which the Issuer informed in its Current Report No. 48/2104 of 17 December 2014. The maturity date of the repayment of the investment loan was 20 December 2023, nevertheless, the Borrower repaid its debt in full, i.e. the principal amount and the remaining amount of EUR 15,599,562.76, i.e. PLN 66,597,653.33 translated into PLN according to the average exchange rate of NBP effective on the payment date, i.e. on 27 November 2015, EUR 1 = PLN 4.2692.

The Lender, confirming the receipt of the repayment of the loan today, also reported the expiry and the release of all collaterals established in connection with the repayment of the investment loan.

The Issuer informed about the possibility of making the earlier repayment of the loan by the Company in its Current Report No. 50/2015 of 25 November 2015.

Legal basis

Art. 5.1.3) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent the information required under the provisions of the law of a non-member state.

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