GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Capital/Financing Update • Aug 1, 2017

Current Report No 39/2017Date: 1 August 2017Topic:Partial repayment of the material loan agreement by a subsidiaryLegalbasis: Article 17 (1) of MAR - Inside informationContent:TheWarsaw Stock Exchange ("GPW", "Company") informs that on 1 August 2017,the Management Board of Towarowa Giełda Energii ("TGE"), a 100%subsidiary of GPW, has informed about the partial repayment of the loanin the amount of PLN 20 million ("Loan"), granted to TGE on 10 March2017 based on a loan agreement (the "Agreement") with DNB Bank PolskaS.A in the amount of PLN 60 million, as reported in the Current ReportNo. 20/2017 from 10 March 2017.TGE has been obliged to repay theLoan in instalments on the terms of the Agreement; the final repaymentof the Loan will take place no later than 31 March 2018. The interestrate on the Loan is equal to the floating rate WIBOR 1M plus the Bank'smargin. The Agreement provides for the option of early repayment of theLoan without extra fees to be paid by TGE.The Loan has been used tofinance TGE's payments to the Tax Office following a correction of valueadded tax ("VAT") payments for the period from December 2011 to December2016 in the amount of PLN 69.8 million plus interest on overdue taxliabilities at PLN 10.2 million.Partial repayment of the Loan camefrom the financial resources of TGE.Legal basis: Article 17 (1)of Regulation (EU) No 596/2014 of the European Parliament and of theCouncil of 16 April 2014 on market abuse (market abuse regulation) andrepealing Directive 2003/6/EC of the European Parliament and of theCouncil and Commission Directives 2003/124/EC, 2003/125/EC and2004/82/EC (EU Legal Journal L 173) ("MAR").