Extension the credit agreement
Current report no.
The Board of TIM S.A. with its registered seat in Wrocław informs that on 30 March 2015 the Company received the signed copy of Annexe No. 2 of 27 March 2015 to the Open-End Credit Agreement No. BDK/KR-O/000057194/0029/13 concluded on 27 March 2013 by and between Bank Handlowy w Warszawie S.A. with its registered seat in Warszawa (hereinafter referred to as “the Bank”) and TIM S.A.
On the basis of the above-mentioned Annexe No. 2 to the Credit Agreement the Bank extended TIM S.A. the bank credit in the amount of PLN 10 million (say: ten million zlotys) by 25 March 2016.
Interest rate of the Credit was set as a sum of WIBOR rate for three-month deposits and the Bank’s mark-up. The basis security specified in the Credit Agreement mentioned above, is a pledge on stocks.
The Issuer informed about establishing the above-mentioned pledge in Current Report No. 14/2013 of 29/08/2013. Making this information public is justified by the fact that extending the Credit Agreement by Bank Handlowy w Warszawie S.A. for another period may have an influence of the assessment of the Issuer’s financial condition.
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
2015-03-30, Artur Piekarczyk – Member of the Board