Management Board consent to sign a loan agreement with the European Investment Bank

Friday, 01 December, 2017
33/2017

The Management Board of KGHM Polska Miedź S.A., in reference to regulatory filing no. 30/2017, announces that on 1 December 2017 it consented to sign an unsecured loan agreement in the amount of PLN 900 million with the European Investment Bank (“the Agreement”).

The funds acquired through this loan will be used to finance the investment projects being advanced by the Company, which are aimed at modernising the production line as well as at adapting current processes to variable mining conditions, increasing effectiveness, maintaining production continuity and implementing solutions concerning environmental issues.

The Agreement will be entered into for a period of 12 years. The loan will be available for a period of 22 months from the date of signing. The loan will be utilised to a maximum of 4 instalments, each of which in the minimum amount of PLN 225 million. The Company has the option of drawing each of these loan instalments in PLN, USD or EUR, with either a fixed or variable interest rate.

The remaining terms of the Agreement are standards terms for this type of transaction.

Moreover, the Management Board of KGHM Polska Miedź S.A. announces that the Agreement is planned to be signed on 11 December 2017. If the Agreement is not signed on 11 December 2017, the Company will announce this fact in a separate regulatory filing.

Legal basis: art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union dated 12 June 2014, no. L 173/1)

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