Reports

The Management Board of HELIO S.A. informs that on 28.09.2015 it received from the District Court in Sochaczew, 5th Land and Mortgage Register Department, a notice of entry of a change of established contractual capped mortgage in the amount of PLN 8300000 made on 14.09.2015 into the Land and Mortgage Register no. PL1O/00025890/0 kept in relation to the Issuer’s real estate located in Brochów about which the Issuer informed in the current report no. 8/2011 of 03.10.2011.

The change of the content of the established mortgage concerned:
1. Update the name of the mortgage to the Bank BGŻ BNP Paribas SA from BNP Paribas Bank Polska SA ( formerly Fortis Bank Polska SA )
2. Update the amount of the mortgage to the amount of PLN 17000000.00.

The remaining essential terms of the land register entries have not been changed. The change of the entry in the land register was made at the request of HELIO SA in connection with the signing of an annex to the credit agreement with Bank BGŻ BNP Paribas SA, about which the Issuer informed in current report no 4/2015 of 31.08.2015. The book value of the assets on which the said mortgages had been established in the Issuer’s ledgers amounts on the date of this report to PLN 16016807.01.

There are no connections between the Issuer and its executive and supervisory bodies and the entity for the benefit of whom the mortgages have been established. The criterion for recognizing assets as assets of material value is exceeding 10% of sales revenues of the Issuer for the previous four financial quarters. The mortgages exceed the amount of 1,000,000 EUR based on the average rate stated by National Bank of Poland on the date of entry into the Land and Mortgage Register.