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MESSAGE _ENGLISH VERSION_
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Conclusion of a Mortgage Loan Agreement
The Management Board of Selvita S.A. with its registered office in
Krakow _the "Company", "the Issuer"_ informs that on March 16, 2026, a
credit agreement was concluded between the Issuer _the "Borrower"_ and
the Issuer's subsidiary - Selvita Services sp. z o.o., as the guarantor
_the "Guarantor"_, and Bank Polska Kasa Opieki S.A. with its registered
office in Warsaw _the "Lender", "Bank Pekao"_, under which the Lender
granted the Issuer a term loan _the "Loan"_ in the maximum total amount
of up to PLN 76,319,080 allocated for the financing of the construction
of a new Research and Development Centre for laboratory services in the
area of drug discovery and development in Krakow at Podole Street _the
"Research and Development Centre"_ and for the laboratory equipment.
The construction of the Research and Development Centre will be carried
out as part of the Issuer's project entitled "Increasing the potential
and competitiveness of the Polish economy in the field of innovative
therapies and medicines of the future, through the development of the
Research and Development Center and the development of research methods
and tools, as a response to social needs in the area of public health"
_the "Project"_, which has been included in the list of projects
selected for funding under the FENG.01.01-IP.01-003/24 call - SMART Path
- European Funds for the Modern Economy 2021-2027 - Priority I organised
by the National Centre for Research and Development, as the Issuer
informed about in the current report of September 19, 2025, No. 23/2025.
The total funding amount for the entire Project will be PLN
91,775,532.92, including PLN 61,055,263.60 allocated to the
infrastructure module, under which the Research and Development Center
will be established.
The interest rate on the Loan is variable, determined as the sum of the
margin depending on the financial ratios and the WIBOR or EURIBOR base
rate. The loan should be disbursed during the availability period, which
has been defined as the period between July 1, 2027 and June 30, 2029.
The Loan was granted for 7 years starting from the end of the
availability period, but no later than until the day falling 10 years
after the date of concluding the Loan Agreement.
The Loan will be repaid in equal quarterly instalments calculated on the
basis of a 10-year repayment schedule. Repayment instalments will cover
a total of 70% of the Loan amount, and the remaining 30% of the Loan
amount will be repaid in a single balloon payment on the final repayment
date.
In order to secure the Lender's receivables under the Loan Agreement,
the following collateral will be established in particular: a_ a
mortgage on the property located in Krakow at Podole Street, on which
the project of the Construction of the Research and Development Centre
will be implemented, b_ a registered and financial pledge on the
Borrower's accounts, as well as a power of attorney to dispose of the
Borrower's accounts in Bank Pekao, c_ assignment of rights under
selected agreements of the Borrower d_ a declaration of submission
enforcement of the Borrower and the Guarantor pursuant to Article 777 §1
section 5 of the Code of Civil Procedure.
The Loan Agreement also provides for the Lender to extend the liability
for liabilities arising from the Loan Agreement to the Issuer's
subsidiary, in the event that the share of the Issuer and the Guarantor
in the consolidated EBITDA of the Selvita S.A. Capital Group falls below
75%.
The Loan Agreement contains standard restrictions on the obligation to
maintain certain financial ratios, restrictions on encumbering assets,
disposing of assets or incurring financial debt, changes in the
corporate structure, making payments to the Issuer's shareholders,
outside the permitted scope specified in the Loan Agreement.
In the event of a breach of obligations arising from the Loan Agreement,
including the occurrence of a delay in the repayment of the Loans, a
breach of financial obligations, a change in control without the
required consent of the Lender, insolvency, the occurrence of a material
adverse impact defined in the Loan Agreement, the Lender will be
entitled, among others, to suspend disbursements, put the Loan in
maturity or terminate the Loan Agreement. The other terms of the Loan
Agreement do not differ from the terms commonly used for this type of
agreements.
Disclaimer: This English language translation has been prepared solely
for the convenience of English-speaking readers. Despite all the efforts
devoted to this translation, certain discrepancies, omissions, or
approximations may exist. In case of any differences between the Polish
and the English versions, the Polish version shall prevail. Selvita
S.A., its representatives, and employees decline all responsibility in
this regard.
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RB: Zawarcie umowy kredytu hipotecznego / Conclusion of a Mortgage Loan Agreement
