Current Reports

CR 02/2015 Annex to the master agreement



Annex to the master agreement


Current report no.: 02/2015

Date: 09.01.2015


The Management Board of LPP SA hereby reports that on 9 January 2015 the annex to the agreement on revolving line for letters of credit executed on 13 December 2011 were signed by LPP SA and Bank Handlowy w Warszawie SA. Under the annex the current period of use the line for letters of credit was extended to 11 January 2016. Other terms and conditions have remained unaffected.

The contract was concluded on market terms.

The total value of agreements concluded between LPP SA and Bank Handlowy w Warszawie SA in the last 12 mounts is approximately PLN 262 million and it constitutes more than 10% of equity of LPP SA.

Value of the biggest agreement is PLN 170 million. This agreement was executed on 13 December 2011 and it concerns the multipurpose line.


CR 02 2015 – Annex to the master agreement