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Scheme-based bond issue – confidential information


The Management Board of LC Corp S.A. (the "Issuer") reports that on 10 May 2016 it issued 5-year unsecured coupon bonds under a Bond Issue Scheme (of which the Issuer informed in Current Report No. 23/2007 dated 27 July 2007) concluded with banks: Bank Polska Kasa Opieki S.A. with its registered office in Warsaw and mBank S.A. with its registered office in Warsaw.

The bonds were issued in compliance with relevant laws and regulations in force in Poland.

The bonds were issued in Polish zloty as bearer, unsecured, dematerialized, and coupon securities.

The bonds will be redeemed at their face value.

The bonds were issued under the following terms:

1. Issue date - 10 May 2016
2. Maturity date - 10 May 2021

3. Interest payment terms - interest based on a commercial basis; interest paid in half-year periods

4. Face value of one bond - PLN 1,000 (in words: one thousand zloty 00/100)

5. Face value of the issue - PLN 85,000,000 (in words: eighty five million zloty 00/100)

6. The number of bonds in the series - 85,000

 

As at the last day of the quarter preceding the disclosure of the proposal of purchasing by not more than four months (i.e. 31 December 2015), the value of the incurred liabilities of the Issuer amounted to PLN 515 million (in words: five hundred fifteen million zloty), including financial liabilities amounting to PLN 355 million (in words: three hundred fifty five million zloty), and PLN 148 million (in words: one hundred forty eight million zloty) for the purchase of spv shares.
 The value of past due liabilities of the Issuer amounted to PLN 87 thousand (in words: eighty seven thousand zloty).

 

The anticipated value of liabilities of the Issuer until the complete redemption of the bonds: PLN 325 million (in words: three hundred twenty five million zloty), including financial liabilities amounting to PLN 315 million (in words: three hundred fifteen million zloty).

 

As at the last day of the quarter preceding the disclosure of the proposal of purchasing by not more than four months (i.e. 31 December 2015), the value of the incurred liabilities of the Issuer's Group amounted to PLN 1,526 million (in words: one billion five hundred twenty six million zloty), including financial liabilities amounting to PLN 935 million (in words: nine hundred thirty five million zloty), and PLN 148 million (in words: one hundred forty eight million zloty) for the purchase of spv shares.

 

The anticipated value of liabilities of the Issuer's Group until the complete redemption of the bonds: PLN 1,550 million (in words: one billion five hundred fifty million zloty), including financial liabilities amounting to PLN 1,150 million (in words: one billion one hundred fifty million zloty).

In the opinion of the Management Board of LC Corp S.A., this information is regarded as confidential as defined by Art. 154 of the Act on Trading in Financial Instruments of 29 July 2005.

Legal basis: Art. 56.1.1 of the Act of 29 July 2005 on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading and on Public Companies