Reports

The Management Board of HELIO S.A. hereby informs about concluding on 03.09.2010 with Bank BPH S.A. with its registered office in Cracow (“the Bank”) an annex to the credit agreement for a multipurpose multicurrency credit line executed on 11 August 2008 with further changes, about which the Issuer informed in the current reports no. 4/2008 of 11.08.2008 and no. 6/2009 of 30.09.2009.

On the basis of the above mentioned annex following changes were made:
1. the term of the Credit was changed as follows:
a. the credit on the current account in the amount not larger than PLN 6 000 000 –  the  Crediting period was extended  until the 27.09.2011,
b. the non-renewable working capital credit in the amount of PLN 4 000 000  available on a designated credit account in PLN opened in the Bank and released in tranches payable upon the Debtor’s order – the term of using the last tranche was extended until the 31.12.2010 and set a new schedule of repayment used credit from 14.01.2011 with the last instalment until 31.03.2011. Any non-renewable financial repayment reduces the amount of the credit for the repaid installments and shall not be reused.

2. The Bank’s interest rate from the amount of the used credit was decreased,

3. the Bank’s commission from the amount of the unused credit was removed,

The remaining essential terms of the agreement have not been changed. Annex shall enter into force on 28.09.2010.

The fundamental criterion for recognizing the agreements significant is the total value of the credit amounting to at least 10% of the Company’s revenues from sales in the last four quarters.