AUGA group — Capital/Financing Update 2018

Dec 13, 2018

Disclosure 366932

AUGA group - Notification on material event

The main lenders of AUGA group, AB decided to extend credit lines for a year and not to apply the Financial Debt and EBITDA ratio covenant until the end of third quarter of the year 2019

AUGA group, AB (legal entity code: 126264360, registered office address: Konstitucijos pr. 21C, Vilnius; hereinafter – the Company) was informed that the internal committees of its main lenders (Luminor bank AB and Swedbank, AB) approved the amendments of credit and credit line agreements concluded with the Company, under which, among other amendments, would be agreed not to apply the Financial Debt and EBITDA ratio covenant* until the end of third quarter of the year 2019 and to extend credit lines for a year. The additional condition stipulated in the above-mentioned decisions – additional approval of the banks will be required for the capital expenditures exceeding 2 mil. euro in year 2019.

The Company concluded the respective amendment of the 17.6 mil. euro Credit Line Agreement with Luminor bank AB today. Amendments of other agreements are intended to be concluded in the near future.

* definitions are provided in the management report of the Company’s consolidated interim financial statements for 9 months ended 30 September 2018.

General manager

Linas Bulzgys

+370 5 233 5340