AGORA SA Establishing of mortgage on Company's real estate

The Management Board of Agora S.A. ("the Company") hereby informs about receiving the notification from the District Court, VII Land Registry, about establishing on June 7th, 2014 mortgage on Agora's perpetual usufruct on the land located in Warsaw, at 8/10 Czerska Street and on Company's ownership right to the building located on that land. As of May 31, 2014 the net book value of the mortgaged assets amounted to PLN 121,771,969.57. The value of mortgage entered into registry amounted to PLN 257,144,000.00.The mortgage was established on the basis of the agreement with Bank Polska Kasa Opieki S.A. ("Bank") to secure Bank's claims from the credit agreement executed on May 28th, 2014. The Company informed about the aforementioned agreement in the regulatory filing no. 10/2014 dated May 28th, 2014. The agreement concerned the multi-purpose credit line of up to PLN 169,929,342.64.The mortgage secures Bank's claims including repayment of capital, interest on capital, interest on delayed capital repayment, bank commissions and credit fees defined in the credit agreement.The value of mortgaged properties qualify these assets as carrying significant value.

More information on page: biznes.pap.pl

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