Current report no 67 / 2017

Conclusion of a loan agreement with Budimex Nieruchomości Sp. z o.o.

The Management Board of Budimex SA announces that on 26 September 2017 Budimex SA concluded with Budimex Nieruchomości Sp. z o.o. (a wholly owned subsidiary of Budimex SA) a loan agreement, under which Budimex SA, as the lender, provided Budimex Nieruchomości Sp. z o.o., as a borrower, with a loan to the amount of PLN 150,000,000 for financing and re-financing land purchases intended for carrying out development projects of the borrower. It was established in the agreement that the loan will be disbursed in tranches, as needed by the borrower due to implemented land purchases and it will be repaid until 31 December 2019. The interest rate was fixed as a sum of 1M WIBOR rate and a margin. The loan will be secured with mortgages established to the benefit of the lender on lands being the property of the borrower. The remaining terms and conditions of the agreement do not vary from the ones applied commonly in agreements of this type.

The value of the contract exceeds the threshold of PLN 111,446 thousand.