Legal basis: Article 17(1) of the MAR - confidential information
Subject: Amendment to Loan Agreements Entered into by the Issuer’s Subsidiaries
1. The Management Board of VRG S.A., with its registered office in Kraków (hereinafter: “Issuer”) announces that on June 29, 2026, documentation was executed regarding an amendment to the multi-purpose credit facility agreement dated March 9, 2015, as amended, entered into between Powszechna Kasa Oszczędności Bank Polski S.A., with its registered office in Warsaw (hereinafter: “Bank”), and the Issuer’s subsidiary, W.KRUK S.A., with its registered office in Kraków (hereinafter: “Multi-Purpose Credit Agreement”), as previously disclosed by the Issuer in current reports No. 8/2015, 65/2015, 38/2017, 38/2020, 30/2022, 27/2024, and 35/2024.
The amendments to the Multi-Purpose Loan Agreement include:
1) an extension of the Multi-Purpose Loan Agreement until June 30, 2029;
2) an increase in the multi-purpose credit limit from PLN 120,000 thousand to PLN 140,000 thousand,
3) an increase in the sub-limit for guarantees from PLN 50,000 thousand to PLN 60,000 thousand.
The Bank’s claims under the Multi-Purpose Loan Agreement are secured by:
1) a declaration of submission to enforcement pursuant to Article 777 of the Code of Civil Procedure,
2) a registered pledge on the inventory owned by W.KRUK S.A. (“Inventory”) with a value of not less than 400,000 thousand PLN,
3) a registered pledge on the “W.KRUK” trademark,
4) the assignment of rights under the Inventory insurance contract,
5) an agreement between the Bank and W.KRUK S.A. governing the settlement of payment transactions made by W.KRUK S.A.’s counterparties using bank cards.
The Bank also consented to W.KRUK S.A. taking out loans from the Issuer.
2. The Issuer’s Management Board announces that on June 29, 2026, documentation was executed regarding an amendment to the investment loan agreement entered into on July 23, 2025, between the Bank and the Issuer’s subsidiary, W.KRUK S.A., and its subsidiary, WK SPV 1 Sp. z o.o., pursuant to which the Bank granted an investment loan in the amount of PLN 120,000,000.00 intended to co-finance the acquisition of subsidiaries from the Lilou Group, as disclosed by the Issuer in Current Report No. 22/2025 (“Investment Loan Agreement”).
The amendments to the Investment Loan Agreement include the introduction of corresponding changes resulting from the Multi-Purpose Loan Agreement referred to in paragraph 1 above, since the collateral securing the Bank’s claims under the Multi-Purpose Loan Agreement listed in paragraph 1, items 1) – 3) above also secure the Bank’s claims arising from the Investment Loan Agreement.