Amica : Information on the modification of loan agreement and deferral of its repayment date

The Management Board of Amica Spółka Akcyjna based in Wronki (hereinafter referred to as the 'Company' or 'Issuer') announces that today (ie. October 13, 2017), the Company and Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna ('Bank') signed Annex No. 3 to the Loan Agreement dated October 15, 2015 (see: Current Report No. 22/2015 of 16 October 2015.).

Under the provisions of the said Annex, the Company contracted with the Bank a loan in the amount of 85,000,000.00 Polish Zlotys (say: eighty five million), for the purpose of financing current liabilities arising from the Company's operations, [funding period was set for the period from 16 October 2015 until 16 October, 2019 (the 'Loan Repayment day'); the loan repayment method - lump sum payment on the Loan Repayment Day].

The loan interest shall accrue on a variable rate based on the relevant WIBOR 1M rates (reference rate) plus a margin.

The loan agreement does not provide for any contractual penalties. The loan in the form of an overdraft will be granted provided that the Company satisfies all the requirements set out in the Bank's internal regulations, including on the condition that the Company provides the collateral (referred to in items (3) and (4) below) as defined in the loan agreement.

The collateral for the loan shall be:

1) pledge on inventories - Company's goods and materials;

2) assignment of receivables under the insurance contract - with respect to the aforesaid pledged inventory;

3) blank promissory note issued by the Company and the accompanying promissory note agreement;

4) contractual right to set-off the Bank' s claims arising from loan transactions against the receivables of the Company, as the holder of the bank accounts at the Bank.

The remaining conditions of the loan agreement do not differ from market conditions commonly used for this type of agreements.

[The aforesaid loan agreement has been recognized by the Issuer as significant owing to the fact that its value exceeds 10% of the Issuer's equity capital].

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