BEST : new bonds issue is worth PLN 30 million

Beginning 16 January this year, investors will be able to subscribe for BEST's series R2 4.5-year bonds with a total nominal value of PLN 30 million and a variable interest rate, amounting to WIBOR 3M plus a 3.3% margin, which is more than 5% per annum in the first interest period. Subscriptions will be accepted by the brokerage firm Dom Maklerski PKO Banku Polskiego.

- We are looking back at a very successful year, with record levels of debt repayments and investments in new debt portfolios. BEST Group will continue to grow by being an active player on the debt market. This is why we have decided to issue new bonds to a large group of investors, says Krzysztof Borusowski, President of BEST's Management Board.

The public offering of series R2 bonds involves 300,000 bonds with a nominal value of PLN 100 each, totalling PLN 30 million. The 4.5-year bonds (to be redeemed in August 2021) carry a variable interest rate, amounting to WIBOR 3M plus a 3.3% margin, yielding more than 5% per annum in the first interest period.

The series R2 bonds are offered on the same terms as the series R1 bonds issued in Q4 last year, from which BEST raised PLN 50 million. BEST is currently implementing its second public bonds issue programme with a total value of up to PLN 200 million, from which the company could raise up to PLN 150 million.

Subscriptions for the series R2 bonds will be accepted from 16 to 30 January in more than 30 branches of the brokerage firm Dom Maklerski PKO Banku Polskiego, and also via the Internet and by phone. If investors subscribe for more bonds than the company is offering, the subscription period could be shortened.

Upon the Subscription Limit Day, i.e. the day when the total number of bonds for which investors have subscribed since the beginning of subscription exceeds the number of bonds offered, subscriptions will be accepted only until the end of the following working day, and any subscriptions made on the Subscription Limit Day and on the following day will be reduced proportionately. In such a case, the full number of the subscribed bonds will be awarded only to investors who subscribed before the Subscription Limit Day.

The series R2 bonds' interest will be calculated from the first subscription day. Therefore, the issue price of the bonds will depend on the day when a subscription is made. On the first day, the price will be equal to the bond nominal value, i.e. PLN 100, and on the following days it will be increased by the equivalent of interest accrued.

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General information about BEST

BEST S.A. specialises in trading in and managing non-performing debts, and has been listed on the Warsaw Stock Exchange since 1997. BEST Group actively invests in debt portfolios (especially in bank debts) using securitisation funds, and provides debt collection services to third parties: banks, telecommunication and power companies as well as other providers of general services.

BEST is also the sole shareholder of BEST TFI, which manages securitisation funds with a total net asset value of approx. PLN 680 million (as of 30 September 2016). Combining competences in debt collection, and creating and managing investment funds allowed us to concentrate all elements of our business model in a single capital group.

The total nominal value of own claims and third party claims managed by BEST is more than PLN 11 billion (as of 30 September 2016).

In 2015, BEST Group generated a net profit of over PLN 82 million, while operating revenues exceeded PLN 140 million.

For more information, visit www.best.com.pl or contact us:

You can also follow BEST Group on Twitter: https://twitter.com/BEST_Grupa

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This material is for promotional purposes only. The only legally binding sources of information on the issue of bonds by BEST S.A. (Issuer) as part of the issue programme established by the Issuer include: the Base Prospectus, which was approved by the Polish Financial Supervision Authority (KNF) on 3 October 2016, addenda and updates to the Base Prospectus, and the Final Terms of Bonds Issue. The Base Prospectus, addenda and updates to the Base Prospectus and the Final Terms have been published and are available on the Issuer's website (www.best.com.pl) and also, for information purposes, on the website of the brokerage firm Dom Maklerski PKO Banku Polskiego (www.dm.pkobp.pl).