In reference to the Current Report Nos 31/2009 of 14 August 2009, 42/2009 of 2 November 2009 and 44/2009 of 16 December 2009, the Management Board of Ciech SA hereby informs that on 22 January 2010 it received an information that a group of 8 banks (Bank DNB Nord Polska S.A., Bank Handlowy w Warszawie S.A., Bank Millennium S.A., Bank Polska Kasa Opieki S.A., BRE Bank S.A., ING Bank Śląski S.A., Powszechna Kasa Oszczędności Bank Polski S.A. and Citibank Europe plc. Dublin – Romania Branch) signed the Status Quo Maintaining Agreement valid until 28 February 2010. Separate statements mentioned in the report 31/2009 and made by the following banks: Calyon S.A. Oddział w Polsce, BNP Paribas S.A. Poland Branch and Fortis Bank Polska S.A. have also been made by this date. Maturity date of the financing obtained by Ciech S.A. and Ciech Group companies from Bank Ochrony Środowiska S.A., HSBC Bank Polska S.A., Kredyt Bank S.A. and Bank BPH S.A. has been kept to at least 28 February 2010.
On 20 January 2010 Ciech SA submitted to 15 banks the Declaration of analogous wording as the declaration described in the current report No. 31/2009 dated 14 August 2009. The submitted declaration will be valid to: (i) 1 March 2010, or (ii) expiry of the Status Quo Maintaining Agreement, whichever is earlier.
Any capitalized terms in this report which are not defined otherwise herein will have the meaning assigned to them in the Report 31/2009.
Submission of the Declaration and signing by the banks of the Status Quo Maintaining Agreement will allow to continue and complete the works related to establishment of a new Group financing structure. The Company has reached an agreements with main financing banks in relation to the key conditions of new financing which signing is planed before the expiry of the present Status Quo Maintaining Agreement.
Signatures of the Company’s Representatives : Artur Osuchowski – Member of the Management Board