2016-08-17  11:30 p.m.

The Management Board of PCC Intermodal SA (the “Company”) hereby announces that on 17 August 2016 learned about signing by PCC SE (the last entity) annex to the trilateral agreement subordination to two loan agreements entered into by the Company with PCC SE. The conclusion of the subordination agreement, the Company informed in the current report No. 5/2015.

Under the signed annex to the subordination agreement Bank Gospodarstwa Krajowego (‘BGK’) agreed to repay part of the loan granted to the Company by PCC SE pursuant to an agreement dated 18.02.2014 r., with funds coming from a loan granted under the agreement dated 05.08.2016 r. to the amount of PLN 30,000,000. The remaining amount of the loan which the Company is required to repay pursuant to the agreement dated 18.02.2014 r. And the second loan agreement, including interest are still subject to the subordination of loans from BGK.

Legal ground:  Art. 56 paragraph 5 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Dz.U. of 2009 no 185, item 1439 as amended).