RB-8-2016 Investment Credit Agreement and Credit Agreement for Financing of Company’s Operations

Pursuant to Art. 56, sec. 1 point 1) of the Act concerning public tenders, the terms for introducing and trading financial instruments on the stock exchange, as well as public companies, the Management Board of Comarch S.A. announces that on the 17th of May, 2016, Comarch S.A. signed credit agreements with Bank Handlowy w Warszawie S.A. with its registered office in Warsaw i.e.:

a) investment credit agreement for financing and refinancing of 75% of net costs of an investment related to construction of an office building SSE7 in the Special Economic Zone in Krakow, about which Comarch S.A. informed in current report no. RB-3-2016 dated the 18th of March, 2016. The credit amounts to EUR 13,332,640.00 i.e. PLN 58,143,643.04 (exchange rate as of the date of signing the agreement). The crediting period is 12 years and lasts until the 15th of May, 2028, the credit currency is EUR, the interest rate of the credit is based on a variable rate. The credit should be taken out within 24 months from the date of signing the credit agreement i.e. by the 16th of May, 2018. The credit is secured by: the conventional mortgage of EUR 16,665,800.00 i.e. PLN  72,679,553.80 (exchange rate as of the date of signing the agreement) established on the on the property on which construction works are being implemented (SSE7 building), a statement of Comarch S.A.  of submission to enforcement, power of attorney to accounts of Comarch S.A. maintained in Bank Handlowy w Warszawie S.A., cession of rights in the insurance policy of SSE7 building, concluded after the completion of the investment.
b) long-term credit agreement for financing of company’s operations. The credit amounts to EUR 2,508,120.00 i.e. PLN 10,937,911.3 (exchange rate as of the date of signing the agreement). The crediting period is 43 months and lasts until the 16th of December, 2019, the credit currency is EUR, the interest rate of the credit is based on a variable rate. The credit should be taken out within 24 months from the date of signing the credit agreement i.e. by the 16th of May, 2018. The credit is secured by: a statement of Comarch S.A.  of submission to enforcement, power of attorney to accounts of Comarch S.A. maintained in Bank Handlowy w Warszawie S.A.