Repayment of loans held by TIM SA with mBank SA. Mortgage removal consent

Date

2016-02-24

Current report no.

8/2016

Management Board of TIM SA with its registered office in Wrocław hereby notifies that at the request of TIM SA, pursuant to Annex No. 1 to the Revolving Loan Agreement No. 09/088/15/Z/LI in the amount of PLN 5,000,000 of 22.05.2015 dated 23.02.2016 whose signed copy was received by the Company on 24.02.2016, concluded between TIM SA and mBank SA with its registered office in Warsaw, as of 29.02.2016 the above loan agreement will be terminated.

At the same time pursuant to Annex No. 1 to the above Agreement, the Bank undertook to issue a certificate – consent to remove mortgage up to the amount of PLN 7,500,000 constituting a collateral of the receivables under the Loan Agreement No. 09/088/15/Z/LI established on the real property of TIM SA located in Siechnice at ul. Kwiatkowskiego 24. The information about the establishment of the above mortgage was announced by the Company to the public in current report No. 28/2015 of 09.09.2015.
In addition, Management Board of TIM SA with its registered office in Wrocław hereby notifies that at the request of TIM SA, pursuant to Annex No. 2 to the Overdraft Facility Agreement No. 09/045/14/Z/VV in the amount of PLN 5,000,000 of 26.05.2014 dated 23.02.2016 whose signed copy was received by the Company on 24.02.2016, concluded between TIM SA and mBank SA with its registered office in Warsaw, as of 29.02.2016 the above loan agreement will be terminated.
At the same time pursuant to Annex No. 2 to the above Agreement, the Bank undertook to issue a certificate – consent to remove mortgage up to the amount of PLN 7,500,000 constituting a collateral of the receivables under the Loan Agreement No. 09/045/14/Z/VV established on the real property of TIM SA located in Siechnice at ul. Kwiatkowskiego 24. The information about the establishment of the above mortgage was announced by the Company to the public in current report No. 28/2015 of 09.09.2015.
The request for termination of the loan agreements, referred to above, was made by the Management Board of TIM SA in connection with surplus funds held by TIM SA and in connection with full repayment of the above loans.
The information on the conclusion of loan agreements, referred to above, was announced to the public by TIM SA in current report No. 16/2015 announced to the public on 25.05.2015.

2016-02-24, Maciej Posadzy – Member of the Board
2016-02-24, Anna Slobodzian-Pula – Member of the Board