GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Report Publication Announcement • Oct 8, 2021

Current Report No. 21/2021Date: 8 October 2021Topic:Revolving bank loan agreement concluded between Towarowa Giełda Energiiand Deutsche Bank Polska up to PLN 100 millionLegal basis:Article 17(1) MAR - inside informationConcent:TheManagement Board of the Warsaw Stock Exchange ("GPW", "Company" or"Exchange") announces that on 8 October 2021, Towarowa Giełda EnergiiS.A. ("TGE") and Deutsche Bank Polska concluded a revolving bank loanagreement up to PLN 100 million (in words: one hundred million zlotys).The loan was granted in PLN for a term of 12 months. The interest rateis a floating rate equal to WIBOR O/N plus Deutsche Bank Polska's margin.Thepurpose of the loan is to finance VAT on transactions in electricity onthe international market. The use of the loan will depend on thedirection of trade on the Day-Ahead Market. TGE needed to raise fundingdue to different VAT rules applicable to international and domestictransactions, where VAT reverse charge only applies to the former. Dueto TGE's very high credit rating, the agreement required no collateralon assets and no surety. The economic and financial condition of TGE isvery good, the profitability remains at a very high level.TGE is100% owned by the Warsaw Stock Exchange. TGE is a member of the GPWGroup.Legal basis: Article 17(1) of Regulation (EU) No 596/2014of the European Parliament and of the Council of 16 April 2014 on marketabuse (market abuse regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC (EU Official Journal L No. 173)("MAR")