OREANDA-NEWS. June 01, 2015. JSC "Grobina" board in accordance with the Financial Instrument Market Law, Article 59 (1) and (2)  hereby informs that in May 29, 2015 had concluded two agreements with JSC "Citadele banka", including:

- The Agreement for the credit commitments to 20.02.2013. Credit contract No.2.1.17-13/07 on outstanding loan part EUR 3 559 666.67 reimbursement for up to 28.05.2022., in accordance with the payment schedule. Suitable loan annual interest  rate is 4.5% fixed part + 6 month Euribor

- The Agreement for the credit commitments to 20.02.2013. Credit contract No. 2.1.17-13/06 on outstanding loan part EUR 2 873 000 reimbursement for up to 28.05.2022., in accordance with the payment schedule. Suitable loan annual interest rate is 4.5% fixed part + 6 month Euribor.

Thus, all application announced by JSC "Citadele banka" about the JSC "Grobi?a" real estate voluntary auctions in July 6,2015  will be withdrawn.

Considering the above, the JSC "Grobina" informs that the signing of the above agreements with JSC "Citadele banka", has successfully completed work on the JSC "Grobi?a" liabilities restructuring plan and the JSC "Grobi?a" management can continue to work on community development strategies focusing on the increase in production, while ensuring both the resulting product to high quality and low cost.

In addition, the JSC "Grobi?a" in May 25, 2015 has entered into a loan agreement with the limited partnership FlyCap Investment Fund I AIF on granting the loan in parts of amount € 1 000 000 according to procedures established in contract, which entered into force on signing of the above mentioned agreements with AS "Citadele banka". The loan is issued for a period up to 29.05.2020, with a fixed interest rate.

Considering the above mentioned JSC "Grobi?a" management hereby notify that the JSC "Grobi?a" 2014 audited review together with the auditors findings will be published no later than June 2, 2015, and in resulting the notice of the public shareholders meeting about 2014 financial review approval will be published no later than 03/06/2015 .