The Management Board of Unibep SA [Issuer] informs about the conclusion on 13 September 2023 between the subsidiary of the Issuer, Unidevelopment SA [Unidevelopment] and Bank Ochrony Środowiska SA [Bank] of a credit agreement [Agreement], under which the Bank granted Unidevelopment a non-revolving credit in the maximum amount of PLN 20.0 million [Credit].

The credit was granted for the purpose of financing current activities of Unidevelopment, including intra-group crediting. The interest rate on the credit has been set based on WIBOR 3M increased by the margin. The final repayment day of the credit has been set for 31 December 2025.

The repayment of the Bank’s receivables arising from the Agreement is secured, in particular, by i) a payable on the first demand irrevocable guarantee from PLG FGK of Bank Gospodarstwa Krajowego; ii) a cash deposit; iii) an assignment of receivables from contracts for  substitute investments and commercialization of selected development projects.

The remaining terms of the Agreements, including those related to its termination or resolution, do not deviate from standard provisions typical for this type of agreements.