Conclusion of agreements amending and unifying the terms of issuance of series A and series B bonds

Legal basis: Article 17(1) of the Market Abuse Regulation (MAR) – confidential information.              

With reference to the following current reports: report No 152/2014 of 2 October 2014, report No 55/2017 of 21 June 2017 and report No 39/2019 of 31 December 2019, the Management Board of Polimex Mostostal S.A. with the registered office in Warsaw (the “Issuer”) informs about the conclusion of agreements amending and unifying the terms of issuance of Series A Bonds (the "Terms of Issuance of Series A Bonds") and the terms of issuance of Series B Bonds (the "Terms of Issuance of Series B Bonds") with the bondholders of series A convertible bearer bonds issued by the Company with the par value of PLN 500 thousand per share ("Series A Bonds") and a bondholder of series B ordinary bearer bonds issued by the Company with the par value of PLN 100 thousand per share ("Series B Bonds"). Pursuant to the agreement amending and unifying the Terms of Issuance of Series A Bonds with Towarzystwo Finansowe Silesia Sp. z o.o. and Bankowe Towarzystwo Kapitałowe S.A. the schedule for the obligatory redemption of Series A Bonds was amended, postponing the date of the early redemption of 80 Series A Bonds from 31 July 2020 to 31 October 2020. Pursuant to the agreement amending and unifying the Terms of Issuance of Series B with Agencja Rozwoju Przemysłu S.A. the schedule for the obligatory redemption of Series B Bonds was amended, postponing the date of the early redemption of 292 Series B Bonds from 31 July 2020 to 31 October 2020. Other provisions of the Terms of Issuance of Series A Bonds and the Terms of Issuance of Series B Bonds remain unchanged. The changes in the Terms of Issuance of Series A and Series B Bonds indicated above are part of a broader strategy of the Issuer to optimize the conditions and structure of the debt financing of the activities of the Issuer's Capital Group.