UNOFFICIAL TRANSLATION:
Current report No. 14/2021
Date of preparation: 2021-06237
Short name of the issuer: i2 Development S.A.
Subject: Signing a significant loan agreement with Aion Bank SA / NV

The Management Board of i2 Development S.A. with its seat in Wrocław („Issuer”, „Company”), informs that on June 22, 2021 it signed a non-renewable loan agreement with Aion Bank SA / NV („Aion”, „Bank”) with its seat in Belgium up to the amount of 55,000. PLN 000.00 on the following conditions:

1. Subject of the contract: the loan is intended for the repayment of debt due to series H and J bonds, as well as for the financing of current operations, in particular corporate-wide purposes, financing of entities from the Capital Group, as well as real estate acquisition.
2. Significant terms of the agreement: The agreement concluded between the Company and the Bank has standard provisions in transactions of this type. It includes, but is not limited to, the following provisions:
3. a) Loan amount: up to PLN 55,000,000.00, launched in three tranches,
4. b) The financial conditions do not differ from those commonly used for this type of agreement: the loan interest rate is based on the WIBOR 1M rate + the Bank’s margin, there is a preparation commission and a commission for early repayment in the first 3 years after the loan is disbursed,
5. c) Use of the loan: after meeting the conditions for using each tranche of the loan,
6. d) Credit transaction period: until March 31, 2026,
7. e) Repayment terms: monthly interest repayment,
   Capital repayment: takes place in accordance with the agreed schedule, starting from the 1st quarter of 2022. Final repayment on 03/31/2026.
8. f) The condition for launching the loan, in addition to establishing legal security for loan repayment and payment of commission, will be, among others: providing certificates from the Tax Office, City Hall, ZUS,
9. g) Legal collaterals for the loan agreement include, inter alia:
   – first priority mortgages with a claim for registration on vacant mortgage places on real estate located in Wrocław belonging to special purpose vehicles belonging to the Issuer’s Capital Group, i.e. i2 Development spółka z ograniczoną odpowiedzialnością Piłsudskiego sp.k., Armii Krajowej 7 sp. o. o (formerly: i2 Development limited liability company Armii Krajowej 7 sp.k.) and Stalova sp.z o.o. (formerly: i2 Development limited liability company Stalowa sp.k.),
   – the Company’s declaration on voluntary submission to enforcement in the form of a notarial deed pursuant to Art. 777 § 1 point 5 of the Code of Civil Procedure,
   – statements of the special purpose vehicles belonging to the Issuer’s capital group, i.e. i2 Development spółka z ograniczoną odpowiedzialnością Piłsudskiego sp.k., Armii Krajowej 7 sp.z o.o. (formerly: i2 Development limited liability company Armii Krajowej 7 sp.k.) and Stalova sp.z o.o. (formerly: i2 Development spółka z ograniczoną odpowiedzialnością Stalowa sp.k.) on voluntary submission to enforcement in the form of a notarial deed pursuant to Art. 777 § 1 point 5 of the Code of Civil Procedure in connection with the established mortgages,
   – sureties for special purpose vehicles belonging to the Issuer’s capital group, i.e. i2 Development spółka z ograniczoną odpowiedzialnością Piłsudskiego sp.k., Armii Krajowej 7 sp.z o.o. (formerly: i2 Development limited liability company Armii Krajowej 7 sp.k.) and Stalova sp.z o.o. (formerly: i2 Development spółka z ograniczoną odpowiedzialnością Stalowa sp.k.) to the Bank that the Issuer will pay its financial obligations under the loan agreement in a timely manner.
   

Other securities and additional conditions do not differ from those commonly used for this type of agreements.

Obtaining a non-renewable loan for the Company will allow for a significant reduction in interest costs and a change in the maturity of the financial debt of the Issuer’s Capital Group.

The loan agreement was considered significant due to the fact that its estimated value exceeds 10% of the equity of the Issuer’s Capital Group.

Signatures of persons representing the Company:
2021-06-23   Marcin Misztal   President of the Management Board