The Managing Board of FFiL Śnieżka S.A. announces that an annex was signed today to an integrated credit limit agreement concluded with ING Bank Śląski S.A. on 27 April 2009. Pursuant to the annex, the existing agreement has been changed to a Multi-Product Agreement and the date of the loan use has been extended until 30 June 2011. The loan amount has been increased to PLN 30 million. The loan is secured by assignments of debt from selected customers, transfer of rights under an insurance policy covering insurance for the borrower’s due amounts, blank promissory note, registered pledge amounting to PLN 10 million on the inventory of finished products plus transfer of rights under an insurance policy for the inventory, capped mortgage up to PLN 30 million on the issuer's property located in Biała Podlaska, land and mortgage register No. LU1B/00097212/6, and transfer of rights under an insurance policy for the property (mortgage value is currently PLN 3.5 million). The loan interest rate is calculated based on the WIBOR 1M/Libor1M/EURIBOR1M rate increased by a margin. Other contractual provisions do not differ from standard provisions used in this type of agreements.

The total amount of loan agreements concluded with ING Bank Śląski S.A. during the last 12 months is PLN 30 million.

The criterion for recognising the agreement as material shall be the loan value which exceeds the equivalent of 10% of the issuer's equity.