Agreements executed with Bank Zachodni WBK Spółka Akcyjna

Legal basis
Article 56, par. 1, pt. 1 of the Public Offering Act - confidential information


The Management Board of INTERSPORT Polska S.A. with its registered seat in Cholerzyn informs that on 29 May 2013 the Management Board executed with Bank Zachodni WBK S.A. with its registered seat in Wrocław, two loan agreements and an agreement on a facility for bank guarantees. In accordance with the financial policy of the Management Board of the Company, the funds under long- and medium-term loans will be used to repay the existing financial obligations. As a result, the Company financing period will be extended. The total value of the agreements is PLN 18,000,000 (eighteen million Polish zloty).

The long-term loan agreement executed in order to refinance expenses connected with construction and fittings of a warehouse in Cholerzyn, in the amount of PLN 10,000,000 (ten million zloty) for a period of 5 years (to be repaid within 7 years) is the agreement of the highest value. The other loan agreement in the amount of PLN 5,000,000 (five million zloty) has been executed for a period of two years in order to finance the current operations of the Company. Finally, the Company executed an agreement on a facility for guarantees in the amount of PLN 3,000,000 PLN (three million zloty). Other terms and conditions of the agreements do not deviate from those commonly applied in the market.

The agreements referred to above are not significant agreements in accordance with the criterion adopted by the Management Board of INTERSPORT Polska S.A., based on which the agreements are considered significant (10% of sales revenue in the last four reporting quarters). Nevertheless, according to the Management Board, the execution of such agreements will positively affect the financial standing of the Company.


Załączniki
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