Budimex.pl

Current report no 52 / 2016

Date: July 14, 2016 6:03 PM

Signing the General Lease with Millennium Leasing Sp. z o.o.

The Management Board of Budimex SA would like to inform you that on 14 July this year it was notified of Millennium Leasing Sp. z o.o. signing the General Lease of 8 July this year, by and between Budimex SA and Millennium Leasing Sp. z o.o. The General Lease demonstrates features of a framework agreement. Under this agreement, Millennium Leasing can conclude individual leases for tangible fixed assets with Budimex. The total value of individual leases concluded under the General Lease cannot exceed the limit of PLN 120,000,000 (in words: one hundred twenty million), whereas existing liabilities of Budimex under leases already concluded with Millennium Leasing (active individual leases concluded before 8 July this year) are included in the aforementioned limit. Individual leases under the framework agreement can be concluded until 31 July 2017. When concluding every individual lease, Budimex shall establish, to the benefit of Millennium Leasing, security of repayment of liabilities under the lease in form of blank promissory note with a promissory note declaration.

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