Current Report 04/2017

Only the Polish version of this document is legally binding.
This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.

Every effort has been made to ensure the accuracy of this publication.
The Management Board of INPRO S.A. (the "Company") informs that on 06/03/2017 it received a notice of entry by the Gdańsk-North District Court in Gdańsk, 3rd Land and Mortgage Division on 15/02/2017, in section IV of land and mortgage registers Nos. GD1G/00068140/0, GD1G/00261401/1, GD1G/00036115/3 and GD1G/00083407/1 of the joint contractual real estate mortgage on the assets of INPRO S.A. That mortgage constitutes a legal security for the credit granted to the Company by Alior Bank S.A. with its registered office in Warsaw (the "Bank," "Alior") on the basis of overdraft agreement No. U0003114448309 of 22/09/2016 up to the sum of PLN 16,000,000.00.
The Company advised of the conclusion of the credit agreement in current report No. 24/2016 of 22/09/2016.
The mortgage entry was made in division IV of land and mortgage registers Nos. GD1G/00068140/0, GD1G/00261401/1, GD1G/00036115/3 and GD1G/00083407/1 and concerns the joint mortgage for the Bank for the amount up to PLN 27,075,000.00 on:
-    First on the ownership title to land located in Gdańsk, Myśliwska Street, covered by land and mortgage register No. GD1G/00036115/3,
-    First on the 5799/10000 share in the perpetual usufruct right to developed land in Gdańsk, 8 Opata Jacka Rybińskiego Street, covered by land and mortgage register No. GD1G/00068140/0,
-    First on the ownership title to non-residential premises in Gdańsk, Opata Jacka Rybińskiego Street, covered by land and mortgage register No. GD1G/00083407/1,
-    First on the ownership title to land located in Gdańsk, Jana Pawła II Street, covered by land and mortgage register No. GD1G/00261401/1.
The Company indicates that the second obligation relationship secured by the above-mentioned mortgage, that is agreement No. UOOO2508699061 of 07/02/2014 as amended, concluded between the Company and Alior Bank S.A. (as described in detail in the Company's current report No. 6/2014 of 07/02/2014) has now expired as a result of the full repayment by the Company of that credit liability and therefore the mortgage described above secures only the repayment of above-mentioned overdraft agreement No. U0003114448309 of 22/09/2016 up to the amount of PLN 16,000,000.00.
The total value of the net assets (land and the building at 8 Opata Jacka Rybińskiego Street), on which the above-mentioned security was established is, in the books of accounts of INPRO S.A. as at 06/03/2017, PLN 18,131,705.73.
There are no connections between the Company, its managers and supervisors and the Bank and its managers.
The Company's Supervisory Board gave its consent to establishing the above mortgage by way of resolution No. 21/2016 of 19 September 2016.
Detailed legal grounds: Article 17 par. 1 of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR)