Correction to the current report no 7/2017 dated 23.012017 – contracting a significant liability and establishing a security for significant assets of the Company – signing of the investment loan agreement for the shares buy-back scheme

The Management Board of Orzeł Biały SA (“The Issuer”, “The Company”) hereby announces that it corrects the current report no 7/2017 dated 23.01.2017 in terms of information relating to the legal security of the credit line on real estate located at Piekary Śląskie.

Was:

mortgage on real estate at Piekary Śląskie (office building) along with the transfer of rights from the insurance policy.

Should be:

notional mortgage of up to PLN 113,100,000  on the perpetual usufruct right to the real estate located at Piekary Śląskie (Smelter) along with the transfer of rights from the insurance policy.

The remaining provisions of the current report remain unchanged.

Legal basis: Art. 17 Para. 1 MAR at  21:29