CreditAgreemt.Changes-Replace

RNS Number:8160R
KGHM Polska Miedz S.A.
21 February 2002


Current report  12a/2002
(21 February 2002)

The Management Board  of KGHM Polska Miedz S.A. announces that in the report
published today at 08:52 under RNS number 8083R there was a mistake in the date 
of the credit agreement. The date given for the credit agreement was 
21 December 2001; the date should read 21 December 2000.

Also, the date the changes came into force should read 1 February 2002 and not 
'1 February' as previously published.

Below please find the correct version of the report: 


Current report  12/2002

The Management Board of KGHM Polska Miedz S.A. announces that on 20 February
2002 the Company received a signed and accepted Supplemental Agreement dated
31 January 2002 which introduces changes to the credit agreement of 21
December 2000 providing credit in the amount of USD 200 mln, organised for
KGHM Polska Miedz S.A. by the banks ABN Amro Bank N.V. and Citibank N.A.
(current report dated 21 December 2000).

The changes came into force on 1 February 2002.

The fee for altering the credit agreement is USD 300 000.

The credit margin was changed from 0.75% (this level of margin was in force
from December 2001) to 1.5%.

In addition, the credit agreement of 21 December 2000 is also altered by the
addition of new paragraphs having the following wording:

- if the Company disposes of any of the shares held by it in Polkomtel S.A.,
  it shall apply forthwith an amount equal to the Proceeds arising from any
  such disposal towards prepayment of all outstanding Loans pro rata,

- the Company shall withhold from any dividend payments, nor make any other
  payments (either in cash or non-cash form) on behalf of its shareholders,
  with respect to the year 2001.

The criteria for designating this as a significant agreement is the amount of
equity capital of the Company.


Legal basis:
(para.5, section 1, point 3 Decree of the Council of Ministers dated October
16, 2001 - Dz. U. Nr 139, poz. 1569)


                      This information is provided by RNS
            The company news service from the London Stock Exchange

Citibank Thai U (LSE:07LC)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024