Pursuant to Article 56 (1) (2) of the Public Offering Act, the Management Board of Ciech SA ["Issuer"] informs that in connection with withdrawal of funds under consortium loan (“Consortium Loan”) referred to in current report no. 44/2010 dated August 26th, 2010 and in consequence of performance of the terms of the loan agreement dated April 26th, 2010 (”Loan Agreement”) referred to in current report no. 16/2010, on August 26th, 2010 the Issuer received from the borrowers a confirmation of payment of loans inside the group to be allocated to the refinancing of the current debt on account of loans of the companies of the Ciech Capital Group being parties to the Loan Agreement. The loans were given on August 24th, 2010. The loans given are listed in a table attached to the report.
The aforementioned loans are financed by the funds made available under the Consortium Loan and the funds acquired by Ciech S.A. from the sale of shares in Zakłady Azotowe w Tarnowie-Mościcach S.A.
The value of the loan agreements entered into between the Issuer and subsidiaries exceeds 10% of the Issuer’s equity and are thus considered to be significant.
Signatures of the Company’s Representatives : Andrzej Bąbaś – Member of the Management Board