Ursus : Conclusion of the annex to the credit agreement with mBank S.A.

Legal basis:

Art. 17 sec. 1 Market Abuse Regulation

Message:

The Management Board of URSUS S.A. hereby announces that on the 25th November 2015 the Issuer received the annex to the Agreement of cooperation of the 24th November 2011, signed by URSUS S.A. and mBank S.A., of which the Issuer informed in the current report no. 34/2011, with subsequent changes.

According to the provisions of the concluded annex, the duration of the Agreement was extended till 17.11.2017.

Besides, the Parties concluded annexes to the credit agreements concluded within the above-mentioned Agreement of cooperation, extending their duration till 17.11.2017:

- working capital credit agreement within the line for financing the current activity in the amount of 3.000.000 PLN,

- working capital credit agreement within the line for financing the current activity in the amount of 600.000 EUR,

- multicurrency overdraft facility agreement within the line for financing the current activity in the amount not exceeding 11.000.000 PLN.

The other provisions of all above mentioned credit agreements with mBank S.A, including the types of security, remain unchanged.

According to the Individual Reporting Standard of URSUS S.A., adopted by the issuer with reference to the reporting obligations resulting from the Market Abuse Regulation, the above-mentioned credit agreements are considered to be material due to the fact that their value a exceeds 10% of the equity of the Issuer's Capital Group.