Establishment of a registered pledge for the benefit of mBank S.A. on the fixed assets of significant value (57/2015)

The Management Board of Netia S.A. ('Netia' or the 'Issuer') hereby informs that on August 25, 2015 the Netia was informed about constitutive filing into the pledge register the registered pledge established on fixed assets of significant value of the Issuer (as the pledger) for the benefit of mBank S.A. with its registered seat in Warsaw (the 'mBank' or 'Pledgee') on the basis of a judgment of the District Court for the Capital City of Warsaw, XI Business Department for Pledge Register from July 28, 2015 (WA.XI.Ns-Rej.Za 9686/15/235).


The pledge was established on the fixed assets of the Issuer on the basis of the agreement dated July 15, 2015 (see the current report of the Issuer No. 48/2015 dated August 4, 2015), concluded by the Issuer and mBank in order to secure the obligations of the Issuer resulting from the credit facility agreement concluded on 9 July 2015 with mBank and DNB Bank Polska S.A. and DNB Bank ASA (see the current report of the Issuer No. 45/2015 dated July 10, 2015) of maximum value of 400,000,000.00 (four hundred million zloty 00/100) and to the maximum sum of the security that amounts PLN 600,000,000.00 (six hundred million zloty 00/100). The fixed assets that were encumbered with the registered pledge constitute of the set of movables that represent the organisational whole - the set of movables constituting the core sewer system available in the Republic of Poland, of the booking value, determined on the basis of the Issuer's balance sheet as of June 30, 2015, PLN 367,774,860.64 (three hundred sixty seven million seven hundred seventy four thousand eight hundred sixty zloty 64/100). The registered pledge was established upon its constitutive filing in the register, on the date of filing in this register, i.e. on August 10, 2015. There are no relations between the Issuer, the persons managing or supervising the Issuer and the Pledgee.


The fixed assets that constitute the subject of the registered pledge were regarded as the assets of significant value due to the fact that their booking value exceeds 10% of the value of Issuer's equity.


Legal basis

§ 5(1)(1) in conjunction with § 7 of the Regulation dated 19 February 2009 regarding current and interim reports published by issuers of securities and on conditions of considering as equivalent the information required by law of a non-member state (consolidated text Journal of Laws of 2014, item 133, as amended) and Art. 56(1)(2) of the Act on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and on Public Companies (consolidated text Journal of Laws of 2013, item 1382, as amended).


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