Management Board of Prima Moda S.A. informs that on 11 January 2008 it received a mutually signed annex to the debt limit agreement of 12 June 2006 with Raiffeisen Bank Polska S.A. on the basis of which the general limit of receivables was increased to PLN 4,000,000, resulting from the increase in the limit of bank guarantees. The specific terms of the contract do not deviate from the market standards used in similar contracts of this type. The interest rate on the loan is based on the WIBOR base rate increased by the Bank's margin. The criterion for considering the agreement as significant is exceeding the value of 10% of the Issuer's equity. The Management Board will use the increase in the limit of bank guarantees to achieve the company's objectives planned for 2008 related to the implementation of new contracts.
| SIGNATURES OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position/Function | Signature | ||
| 2008-01-11 | Dariusz Plesiak | Ceo | Dariusz Plesiak | ||
| 2008-01-11 | Catherine Butwicka | Vice-President of the Management Board | Catherine Butwicka | ||
