PFLEIDERER GRAJEWO SA Issue of Short-Term Bonds

The Management Board of Pfleiderer Grajewo S.A. reports that in order to optimise the management of financial liquidity within the Pfleiderer Grajewo Group, to decrease Company's external debts and to finance it's current business activities on December 30th ,2014 Pfleiderer Grajewo S.A. issued short-term bonds. The bonds were issued in accordance with the Bond Issue Programme signed with PEKAO S.A. Bank on 22.07.2003. The bonds were issued in compliance with the Law on Bonds dated 29 June 1995 in Polish zlotys, as bearer, dematerialized, unsecured, and zero-coupon securities. The redemption of the bonds will be at their nominal value.

The bonds were purchased by Pfleiderer Prospan S.A. subsidiary ofPfleiderer Grajewo SA . Bond's purchase was financed from own resources of Pfleiderer Prospan S.A..

Pursuant to the last periodical report worth of total liabilities wasPLN 418,696,000.

Estimated worth of total liabilities on redemption date is PLN420,000,000.

Total value of issued during last 12 months short-term bonds exceeds 10%of value of the Company's equity which as at September 31st 2014 amounted to 678,785,000 PLN.

Conditions of the issues:

1. Issue of PLN 2,200,000

- number and value of bonds -220 bonds with a nominal value of PLN10,000 per bond

- redemption date: January 2nd 2015

- unit nominal price of the bond - PLN 9,998.27

2. Issue of PLN 16,000,000

- number and value of bonds - 1.600 bonds with a nominal value of PLN10,000 per bond

- redemption date: January 15th 2015

- unit nominal price of the bond - PLN 9,990.76

3. Issue of PLN 11,000,000

- number and value of bonds - 1.100 bonds with a nominal value of PLN10,000 per bond

- redemption date: January 26th 2015

- unit nominal price of the bond - PLN 9,984.42

4. Issue of PLN 6,300,000

- number and value of bonds - 630 bonds with a nominal value of PLN10,000 per bond

- redemption date: February 2nd 2015

- unit nominal price of the bond - PLN 9,976.37

The criterion for recognising the contracts as significant is the valueof the Company's equity.

Pursuant to the Regulation of the Polish Council of Ministers on currentand periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009 (Dz. U. No. 33, item 259).

December 30th, 2014

More information on page: biznes.pap.pl

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