The agreement concluded by and between TIM SA, 3LP SA and mLeasing Sp. z o.o.

Date

2017-10-27

Current report no.

36/2017

The security of the proper performance of the obligations arising out of the above mentioned leasing agreements shall be as follows:

a_the agreement on the conditional acquisition of rights and obligations from leasing agreements concluded between TIM SA, 3LP SA and mLeasing sp.  z o.o. dated 26.10.2017, under which TIM SA undertook to take over the rights and obligations arising from the above leasing agreements in case 3LP SA is in arrears with payment of at least two lease instalments, provided that the total liability of TIM SA under the above agreements is limited to the amount of PLN 600,000.00 _ in words: six hundred thousand PLN_. TIM SA was notified on signing by mLeasing Sp. z o.o. of the above agreement on 27.10.2017

b_a promissory notes guaranteed by TIM SA, provided that the total amount of the guarantee by TIM SA is limited to the amount of PLN 600,000.00 _ in words:PLN six hundred thousand_,

c_total contractual mortgage up to the amount of 757,937.81 _ in words:seven hundred and fifty-seven thousand nine hundred and thirty-seven and 81/100 PLN_ established by a notarial deed on the real property owned or remaining in perpetual use by 3LP SA – only with regard to the leasing agreement related to the Mecalux shelving, Mecalux pallet shelving, Mecalux flow-through pallet shelving

d_assignment of the rights to compensation from the insurance of property covered by land and mortgage register entry no. WRO1O/00061572/9, built up with an office building, – only with regard to the leasing agreement related to Mecalux shelving, Mecalux pallet shelving, Mecalux flow-through pallet shelving.

The remainder of the agreements includes provisions typical for that type of agreements.

The agreements referred to above are successive agreements concluded in the said regard by 3LP SA and TIM SA with mLeasing sp. z o.o. TIM SA informed about the previous agreements in current statement No. 37/2016 published on 18.07.2016, in current statement No. 51/2016 published on 25.11.2016, in current statement No. 6/2017 published on 28.02.2017 and in current statement no 23/2017 published on 14.06.2017.

The value of the assets _i.e. the equipment of the Logistics Centre in Siechnice_ under the previously concluded agreements by and between TIM SA, 3LP SA and mLeasing Sp. z o.o. on the purchase and leasing of equipment of the Logistics Centre in Siechnice amounts to PLN40 444 268.13  NET _ in words: PLN fourty million four hundred and fourrty-four thousand two hundred and sixty-eight and 13/100_.

The total value of the TIM SA guarantee for the aforementioned agreements amounts to PLN 22 270 629.34_in words: PLN twenty-two million two hundred and seventy thousand six hundred and twenty-nine and 34/100_.

The Management Board of TIM SA informs that the above information has been considered confidential within the meaning of the definition set out in Article 7 MAR due to the fact that the total amount of the potential liability of TIM SA towards mLeasing sp. z.o.o. arising from the fact of the above guarantee for the agreements may have an impact on the future financial results of TIM SA.