RB-49-2006 Mortgage on Significant Value Assets
Pursuant to § 5 Act 1 Pt 1 of the Regulation issued by the Minister of Finance on 19 October 2005 concerning current and periodical information pertaining to companies traded on the stock exchange, ComArch S.A.'s Management Board reports that on 8 November 2006 the value of assets that backed construction mortgages was 22.2 million PLN.
At the same time, the value of assets exceeded 10 % of the company's equity and the criterion of significant assets value was met. These construction mortgages were taken out with interest at the Kredyt Bank S.A. with its registered seat in Warsaw. This was done pursuant to the agreement signed on 28 March 2006 on investment credit, on financing of the second construction stage of production and office building in the Special Economic Zone in Krakow. The company announced this in current report no. 17/2006. A mortgage worth 26,823,970 PLN and a real estate mortgage securing an existing or future claim in the amount of 6,500,000 PLN were backed by real estate which is related to the investment process and is the subject of the credit agreement.