Korporacja Gosporadcza Effekt S.A. — Capital/Financing Update 2021

Jan 31, 2021

Establishing a form ofsecurity for the Subsidiary's investment loan agreement.TheManagement Board of Korporacja Gospodarcza "Efekt" S.A. with its seat inKrakow (hereinafter: the Company, the Issuer) announces to the publicthat yesterday it received a notification from the Subsidiary companyEfekt-Hotele Spółka Akcyjna with its seat in Krakow (Subsidiary Company,Efekt-Hotele S.A.) about the establishment of a security for aninvestment loan agreement.Efekt-HoteleS.A. on January 28, 2021 to the investment loan agreement in aconvertible currency concluded in 2008 with Powszechna Kasa OszczędnościBank Polski Spółka Akcyjna with its registered office in Warsaw, theestablishment of which was announced by the Issuer in the current reportNo. 14/2008 of September 5, 2008, a security was established loanrepayment by submitting the Subsidiary to enforcement directly from anotarial deed, pursuant to Art. 777 § 1 point 5 of the Code of CivilProcedure, up to the maximum amount of CHF 4,223,156.19 (in words: Swissfranc: four million two hundred twenty three thousand one hundred fiftysix 19/100), in the loan currency. The Creditor may apply for anenforcement clause to be issued to the notarial deed many times, notlater than two years after the final repayment date of the Loanspecified in the Agreement, i.e. by October 31, 2030.Legalbasis: