Conclusion of an annex to the credit agreement with BRE Bank S.A.

Date  of issue: 2013-01-31
 
Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
SUBJECT: Conclusion of an annex to the credit agreement with BRE Bank S.A.

CONTENT OF THE REPORT:
In connection to the current report no. 55/2011the Management Board of Izostal S.A. (Company) informs that on January 30, 2013it concluded an annex to the Contract no. 11/158/11/Z/VW with BRE Bank S.A. with registered office in Warszawa. The annex concerned multicurrency credit in the current account for the amount of PLN 10.000.000.

As a result of conclusion of the annex the time for using the credit facility is extended from January 31, 2013 to January 30, 2014.

Other conditions of this Contract do not change.

In connection to conclusion of the Annex the Company can use the credit facility during the next year in current account up to total amount of PLN 10.000.000. The credit can be used in PLN or EUR currency. Basic purchase money security interest have not changed and it is registered pledge on inventory merchandise, materials for production and finished products in the form of coated steel pipes, in the amount of PLN 6.000.000 (RB45/2012).

The Company was informing about the credit agreement mentioned above (RB 55/2011) in connection to the fact that the security of the debt is represented by registered pledge. Its value is higher than equivalent of EUR 1.000.000 in polish zloty currency, thus it meets the criterion of significant value assets.

Specific legal basis: §5 clause 1 item 1 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek 2013-01-31
Management Board Vice President, Jacek Podwiński 2013-01-31
 
INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer:  IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange:  Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678