Current reports

The Board of Management of Centrum Nowoczesnych Technologii Spółka Akcyjna with its seat in Sosnowiec (hereinafter: the "Issuer") announces that on December 16, 2016, the Issuer received from the subsidiary, i.e. Centrum Nowoczesnych Technologii Spółka Akcyjna spółka komandytowa (transl.: Limited Partnership) (the "Subsidiary") information concerning acknowledgment of receipt by the subsidiary on 16 December 2016 the decision issued by the Mayor of Krakow on 15 December 2016 approving the construction project and granting a building permit for four multi-family dwellings with services, with fixtures and an underground garage with parking spaces, with land development including the necessary technical infrastructure, internal roads, above-ground parking spaces and small architecture for real estate located in Krakow, the district of Krowodrza - on whose acquisition the Issuer informed, among others, in the Current Report No. 40/2016. This decision shall come into force after the expiration of fourteen days from the date of service by the parties to the proceedings and it applies to the first four buildings with numbers A2, A3, A4 and A5 commencing the implementation of the first stage of the investment Nowa 5 Dzielnica. The buildings will have from 7 to 9 floors above the ground level, two-storey underground parking spaces, and their total usable area will be about 27 thousand m2.

Immediately after the validation of the final building permit, the Subsidiary plans to start realization of the investment in Krakow. In the Issuer's opinion, the validation of the aforementioned building permit shall enable the Subsidiary to implement the strategy of the CNT Capital Group within its property development activity. The Company believes that the realization of investments will also significantly influence the financial results of future periods of the CNT Capital Group.

Legal Basis: Art. 17 (1) MAR - confidential information.

The Board of the Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer") announces that in connection with the sales of electricity and gas by the subsidiary GET EnTra Sp. o.o. (The "Subsidiary") on 6 December 2016, the total value of trading on the Polish Power Exchange S.A. (the "Exchange") in the period from 05.11.2016 to 06.12.2016 amounted to PLN 106,400 thous. The aforementioned amount includes, among others purchase and sales of electricity with a delivery date during the period from 06.11.2016 to 31.12.2018. The transaction with the highest value contained in the aforementioned period was a package of deals of 09.11.2016 including the purchase and sales of electricity with a total value of PLN 14,944 thous. with a delivery date during the period from 09 November 2016 to 31.12.2017.

The transactions referred to above made by the Subsidiary are carried out within the core business of energy trading, including in particular electricity trading and gas fuels trading in a network system.

Terms and conditions of concluded contracts (transactions) do not contain any provisions on contractual penalties as well as not diverge from typical terms and conditions of this kind / type of transactions on the market.

Legal Basis: Art. 17 (1) of MAR - confidential information.

Contents of the report:

The Board of Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer" or the "Company") announces that in the current report No. 82/2016 there was a mistake in the date of the bank guarantee issued in favour of ZE PAK S.A. in the amount of approx. PLN 5.7 million. The period of validity of this guarantee was indicated from 1 January 2017 to 31 August 2018 and properly it is the period from 1 January 2017 to 31 January 2018.

Below the correct content of the report No. 82/2016, taking into account the rectification hereof:

„ The Board of Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer" or the "Company") hereby announces that under the framework agreement with Bank PKO BP S.A. (The "Bank”) to provide bank guarantees, which was announced by the Company in the current report No. 68/2016, today the Issuer received information from a subsidiary, i.e. GET EnTra Sp. o.o. with its seat in Warsaw (the "Subsidiary") about issuing on 24 November 2016 by the Bank on behalf of the Subsidiary following annexes to the guarantee as well as a guarantee:

• Annex to the bank guarantee issued in favour of Polenergia Elektrociepłownia Nowa Sarzyna Sp. o.o. increasing the amount of the guarantee to the amount of approx. PLN 13.2 million for the purpose of securing the Subsidiary's liabilities under the provisions of the agreement for the purchase of electricity;
• Annex to the bank guarantees issued in favour of ZE PAK S.A. in the amount of approx. PLN 2.6 million and PLN 5.9 million extending the term of the guarantee in question until 31 January 2018 for the purpose of securing the Subsidiary's liabilities under the provisions of the agreement for the purchase of electricity;
  • Bank guarantee issued in favour of ZE PAK S.A. in the amount of approx. PLN 5.7 million with the duration time from 1 January 2017 to 31 January 2018 for the purpose of securing the Subsidiary’s liabilities under the agreement for the purchase of electricity;
  • Bank guarantee for PSE S.A. in the amount of PLN 800 thousand with the duration time from 25 November 2016 until 24 November 2017 for the purpose of securing the Subsidiary's liabilities under the transmission agreement.

The Company passed information on guarantees issued in favor of Polenergia Elektrociepłownia Nowa Sarzyna Sp. o.o. and ZE PAK S.A., among others in current reports No. 76/2016, 70/2016 and 104/2015.

Legal Basis: Art. 17 (1) MAR - confidential information. ”

The Board of Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer" or the "Company") hereby announces that under the framework agreement with Bank PKO BP S.A. (The "Bank”) to provide bank guarantees, which was announced by the Company in the current report No. 68/2016, today the Issuer received information from a subsidiary, i.e. GET EnTra Sp. o.o. with its seat in Warsaw (the "Subsidiary") about issuing on 24 November 2016 by the Bank on behalf of the Subsidiary following annexes to the guarantee as well as a guarantee:

• Annex to the bank guarantee issued in favour of Polenergia Elektrociepłownia Nowa Sarzyna Sp. o.o. increasing the amount of the guarantee to the amount of approx. PLN 13.2 million for the purpose of securing the Subsidiary's liabilities under the provisions of the agreement for the purchase of electricity;
• Annex to the bank guarantees issued in favour of ZE PAK S.A. in the amount of approx. PLN 2.6 million and PLN 5.9 million extending the term of the guarantee in question until 31 January 2018 for the purpose of securing the Subsidiary's liabilities under the provisions of the agreement for the purchase of electricity;
• Bank guarantee issued in favor of ZE PAK S.A. in the amount of approx. PLN 5.7 million with the duration time from 1 January 2017 until 31 August 2018 for the purpose of securing the Subsidiary's liabilities under the privsions of the agreement for the purchase of electricity;
• Bank guarantee for PSE S.A. in the amount of PLN 800 thousand with the duration time from 25 November 2016 until 24 November 2017 for the purpose of securing the Subsidiary's liabilities under the transmission agreement.

The Company passed information on guarantees issued in favor of Polenergia Elektrociepłownia Nowa Sarzyna Sp. o.o. and ZE PAK S.A., among others in current reports No. 76/2016, 70/2016 and 104/2015.

Legal Basis: Art. 17 (1) MAR - confidential information.

The Board of Management of Centrum Nowoczesnych Technologii S.A based in Sosnowiec (the "Issuer", the "Company") hereby provides the attached consolidated text of the Articles of Association of the Company established by Resolution No. 1 of the Supervisory Board of Centrum Nowoczesnych Technologii S.A. on 17 November 2016 under § 17 section 10 of the Articles of Association of the Company pursuant to the authorization granted to the Supervisory Board under the Resolution No. 15 by the Ordinary General Meeting on 15 June 2016.

In the report No. 67/2016 the Issuer published Information concerning the scope of the amendment made to the Articles of Association and registration of the amendment in the Articles of Association of the Company by the Court.

Detailed legal basis: § 38 section 1, item 2 (b) of the Regulation of the Minister of Finance dated on 19 February 2009 on current and periodic information published by issuers of stocks and securities as well as conditions for recognizing information required by law of a non-member state as equivalent (the consolidated text of Journal of Laws 2014 No. 0 item 133, as amended).

The Board of the Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer") announces that in connection with the sales of electricity and gas by the subsidiary GET EnTra Sp. o.o. (The "Subsidiary") on 4 November 2016, the total value of trading on the Polish Power Exchange S.A. (the "Exchange") in the period from 11.10.2016 to 04.11.2016 amounted to PLN 85,559 thous. The aforementioned amount includes, among others purchase and sales of electricity with a delivery date during the period from 11.10.2016 to 31.12.2017. The transaction with the highest value contained in the aforementioned period was a package of deals of 19.10.2016 including the purchase and sales of electricity with a total value of PLN 16,698 thous. with a delivery date during the period from 19 October 2016 to 31.12.2017.

The transactions referred to above made by the Subsidiary are carried out within the core business of energy trading, including in particular electricity trading and gas fuels trading in a network system.

At the same time, the Issuer informs that in the period referred to above, the Subsidiary expanded the scope of transactions on the PPE with gas sales and purchase transactions, which account for approx. 1% of the total turnover on the PPE in this period.

Terms and conditions of concluded contracts (transactions) do not contain any provisions on contractual penalties as well as not diverge from typical terms and conditions of this kind / type of transactions on the market.

Legal Basis: Art. 17 (1) of MAR - confidential information.

Content of the Report: The Board of Centrum Nowoczesnych Technologii S.A.  headquartered in Sosnowiec (the "CNT", "Issuer") informs that on October 21, 2016 the Issuer received information from the Subsidiary GET EnTra Sp. zo.o. with its seat in Warsaw (the "Subsidiary") about the conclusion on the same day an annex to the framework agreement on a bank guarantee (the "Annex") with Bank PKO BP SA with its seat in Warsaw (“Bank"), which is the agreement the Issuer informed about in the current report No. 68/2016.

Under the provisions of the Annex, the Parties have amended the legal securities of the Bank’s claims under the guarantee in such a way that the aval that is to constitute one of the securities of the aforementioned framework agreement on bank guarantees with a limit of up to PLN 35 million has been replaced by a collateral in the form of a cash transfer (a remittance) to the account of the Bank by the Subsidiary in the amount of 10% of the issued guarantees. At the same time the blank promissory note issued by the Subsidiary, together with the declaration on a bill of exchange is still one of the securities of the framework agreement.

At the same time in connection with the concluded Annex, the parties agreed that the existing securities granted by CNT pledged as security for Subsidiary’s liabilities from granted bank guarantee (including in particular those which the Issuer informed about in current reports No. 60/2016 and 104/2015 ) expired today, in connection with the aforementioned Subsidiary’s transfer agreement, issuance of a blank bill with a declaration of a bill of exchange by the Subsidiary and the establishment of other stipulated securities. As a consequence, on the date the Annex entered into force all existing avals of the Issuer concerning the guarantee granted to the Subsidiary by the Bank expired, and the Issuer shall not provide any further guarantees under the guarantee limit granted to the Subsidiary to the amount of PLN 35 million by the Bank.

Other essential terms and conditions of the Agreement remain unchanged.

Legal Basis: Art. 17 (1) MAR - confidential information.

The Board of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "CNT", "Issuer") informs that on 10 October 2016 the Issuer received information from a subsidiary GET EnTra Sp. Z o.o. (the "Subsidiary") about taking a resolution on the same day by the Supervisory Board of the Subsidiary on an approval of the transaction with the company Polenergia Obrót S.A. with its seat in Warsaw. Therefore, today upon fulfilment of the condition precedent, the annex to the significant electricity sales agreement signed on 12 April 2011 under a framework agreement based on EFET standards dated on 1 June 2009 entered into force, pursuant to which the Subsidiary sells electricity to Polenergia Obrót S.A.

The Issuer informed about the conclusion of an annex to the aforementioned electricity sales agreement in the current report No. 73/2016.

Legal Basis: Art. 17 (1) MAR - confidential information.

The Board of the Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer") announces that in connection with the sales of electricity by the subsidiary GET EnTra Sp. o.o. (The "Subsidiary") on 10 October 2016, the total value of trading on the Polish Power Exchange S.A. (the "Exchange") in the period from 29.09.2016 to 10.10.2016  amounted to PLN 90,593 thous.The aforementioned amount includes purchase and sales of electricity with a delivery date during the period from 30.09.2016 to 31.12.2017. The transaction with the highest value contained in the aforementioned period was a package of deals of 29.09.2016 including the purchase and sales of electricity with a total value of PLN 24,121 thous. with a delivery date during the period from 30.09.2016 to 31.12.2017. The transactions referred to above made by the Subsidiary are carried out in the ordinary course of business of electricity trading.

Terms and conditions of the contracts (transactions) do not contain any provisions on contractual penalties as well as do not differ from those characteristic of this kind / type of market transactions

The value of the turnover made by the Subsidiary on the Exchange meets the criteria adopted by the Issuer's discretion as significant for this type of transaction.

Legal Basis: Art. 17 paragraph 1 of MAR - confidential information.

The Board of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec ("CNT", the "Issuer") informs that on 10 October 2016, the Issuer received information from a subsidiary GET EnTra Sp. z o.o. (the "Subsidiary") concerning the conclusion of an annex of the same date to a significant electricity purchase agreement concluded on 21 March 2008 under a framework agreement based on EFET standards dated on 21 March 2008 (the "Annex"), on the basis of which the subsidiary buys electricity from Polenergia Elektrociepłownia Nowa Sarzyna Sp. Z o.o. with its registered office in Nowa Sarzyna (the "Seller").

The Issuer informed about the previous annex prolonging the duration of the aforementioned electricity purchase agreement in the current report No. 97/2015.

According to the Annex, the duration of the aforementioned agreement for the purchase of electricity has been extended from 31 December 2016 to 31 December 2017. The maximum estimated value of the electricity supply for the period by which the purchase agreement has been extended is approx. PLN 115 million with a delivery date within the period from 1 January 2017 until 31 December 2017.

An irrevocable and unconditional bank guarantee in the amount of PLN 13.2 million shall constitute a collateral for the Seller’s claims arising from the aforementioned purchase agreement.

The agreement does not provide for any contractual penalties.

Other conditions of the aforementioned electricity purchase agreement do not significantly differ from the commonly used terms and market standards applicable to such agreements and transactions.

At the same time, the Issuer explains that the current trading activity of GET EnTra Sp. Z o.o. is conducted at the Polish Power Exchange S.A. and through bilateral transactions mainly on the basis of framework agreements. The turnover generated from the beginning of 2016 under the currently binding agreement between the Company and the subsidiary Polenergia Elektrociepłownia Nowa Sarzyna Sp. o.o. agreement to purchase electricity account for approx. 14% of the total turnover in the purchase of electricity made by the Subsidiary.

Legal Basis: Art. 17 (1) MAR - confidential information.