Execution of transactions hedging against foreign exchange risk during contract performance

Execution of transactions hedging against foreign exchange risk during contract performance

The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) hereby informs that the Issuer’s subsidiary – Pekabex Bet S.A. (“the Company”) concluded transactions today with BNP Paribas Bank Polska S.A. (hereinafter referred to as “BNP”) consisting in hedging against foreign exchange risk during contracts performance in the amount of 5.000.000 EUR. The total value of the subject of foreign exchange risk hedging transactions concluded with BNP since the last report informing about the conclusion of such transactions amounts to 6.000.000 EUR. The total value of the subject of foreign exchange risk hedging transactions concluded this year by the Company with BNP is 10.000.000 EUR.

The information has been deemed material due to the fact that the total amount of the subject of foreign exchange risk hedging transactions concluded by the Company with BNP since last report informing about the conclusion of such transactions conversion to PLN, exceeds 5% of the value of the Issuer’s consolidated equity according to the last published annual consolidated financial statements.

The Issuer’s Management Board informs that the total value of the subject of foreign exchange risk hedging transactions concluded by the Company with BNP in the calendar year 2021 after the publication of this report will be counted from the beginning.

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